Bitcoin Rebounds After Rough Week, But Traders Are Pricing In More Downside
Summary
Crypto market capitalization rose 2.1% to $2.89 trillion Friday, but remained below $3 trillion from a week earlier. Bitcoin recovered to about $82,837 after falling to $80,427, while spot Bitcoin ETFs recorded outflows of $484.9 million Wednesday and $244 million Thursday. Sentiment cooled to a neutral reading. Technical indicators show mixed signals: buyers still lead, but Bitcoin remains below a short-term trend line. Traders are watching $83,000 as a key resistance level; a move above it could put $84,433 in view, while $87,354 is the level bulls need to surpass on a daily close.
