Three Bitcoin | Crypto

Bitcoin chases $80,000 as rising spot volumes and futures open interest suggest the market has shifted back in the bulls’ favor. Several Bitcoin (BTC) data points suggest that $80,000 is the next destination for the cryptocurrency. Bitcoin gained 2.52% to trade above $78,800 on Friday after holding support at the 100-day exponential moving average. Spot market buy volumes also strengthened while the cumulative volume delta (CVD) reached 11,500 BTC, its highest level since Feb. 17.  BTC futures activity is picking up, with the open interest rising 6.64% to 257,000 BTC, indicating fresh positioning. Bitcoin rebounded from its 100-day exponential moving average (100-EMA) after retesting the daily trend over the past two days. The move lifted the price by 2.52% to $78,800 on Friday, holding the short-term uptrend intact. Read more

Bitcoin’s ascending channel setup and rising stablecoin inflows suggest improving liquidity conditions could support a push toward higher price levels. Bitcoin (BTC) has rebounded more than 28% from its February low below $60,000, and a mix of technical, liquidity, and on-chain signals suggests the recovery may still have room to run. BTC/USD daily chart. Source: TradingView Read more

A symmetrical triangle breakout and an unfilled CME gap are boosting the case that Bitcoin may revisit $80,000 in March. Bitcoin (BTC) bulls are eyeing a move back toward $80,000 in March, with at least three indicators flashing increasing upside momentum. Key takeaways: Bitcoin jumped by over 5% toward $72,000 on Wednesday. Read more