Bitcoin (BTC) pushed past $78,500 on Monday and printed an 11-week high near $79,480 as buyers tested the $80,000 ceiling. Bulls are now eyeing $81,200, with $82,000 as the next major barrier above.
Price Action Above $78K
The world's largest cryptocurrency traded at $79,032 in early Asian hours, according to NewsBTC and LatestLY data feeds. The move follows a week of consistent gains.
Bitcoin found support near $77,000 before clearing the $78,000 mark. A high formed at $79,480, and the price then began to consolidate above the 23.6% Fibonacci level of the move from $77,145.
The pair now holds above its 100-hour simple moving average, with a bullish trend line offering support at $78,250.
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ETF Inflows And Strategy Buying
Analysts credit the rally to a sixth straight session of net inflows into spot Bitcoin ETFs and Strategy Inc.'s recent $2.54 billion BTC purchase. Short covering has added fuel.
Hourly MACD is gaining pace in bullish territory, while the RSI sits above 50. A daily close above $79,500 would open the path toward $81,200 and the $82,000 barrier.
Bitcoin spent much of early 2026 stuck between $60,000 and $75,000 after losing the $80,000 level in February. A brief reclaim of the 200-day exponential moving average in mid-March failed to hold, and BTC slipped below $75,000 in late March before staging the current recovery.
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