Key takeaways
Bitcoin trades around $77,000 after gaining more than 23% last week, its strongest weekly performance since March 2023.
Investors realized $1.72 billion in profits on Friday, the highest daily total since November 2024.
US spot Bitcoin ETFs attracted $1.92 billion in weekly inflows, their strongest showing since October 2025.
BTC faces immediate resistance at $78,490 and $80,000, with additional upside targets at $81,059, $87,599 and $88,990.
Bitcoin is trading around $77,000 on Monday after surging more than 23% last week, its strongest weekly gain since mid-March 2023.
The rally followed the US Treasury’s announcement that it would expand its debt buyback operations, improving sentiment across cryptocurrency markets.
Strong institutional demand also supported the advance, with US spot Bitcoin exchange-traded funds recording their largest weekly inflows since October 2025.
However, on-chain data suggests some investors are taking profits as BTC approaches the psychologically important $80,000 level.
That selling activity could result in a temporary consolidation phase or a short-term pullback before Bitcoin attempts another move higher.
Bitcoin investors realize $1.72 billion in daily profits
CryptoQuant data shows Bitcoin holders realized approximately $1.72 billion in profits on Friday.
The figure marked the highest daily realized profit total since late November 2024. Last week’s rapid price increase moved many investors back into profitable territory, encouraging some holders to sell and secure their gains.
Historically, sharp increases in realized profits can precede a period of consolidation or a temporary correction as additional supply enters the market.
The profit-taking does not necessarily signal the end of Bitcoin’s broader recovery. However, it does indicate that the market may face increased selling pressure near major resistance levels.
Despite the increase in profit-taking, Bitcoin’s underlying spot demand has improved. CryptoQuant’s apparent demand metric has moved into positive territory after remaining negative since late February.
The shift suggests net buying interest has strengthened, potentially providing support even as some investors reduce their positions.
A sustained improvement in spot demand would help offset selling pressure and support the case for a continuation of Bitcoin’s rally.
However, traders will be watching whether buyers can maintain that momentum while BTC consolidates below $80,000.
Institutional investors played a significant role in last week’s price advance. US spot Bitcoin ETFs recorded approximately $1.92 billion in net inflows, according to SoSoValue data.
The figure represented the highest weekly inflow so far this year and the strongest since mid-October 2025.
Continued inflows could provide additional support for Bitcoin as it attempts to overcome nearby resistance.
Conversely, a slowdown in institutional demand may make it more difficult for BTC to sustain its recent gains, particularly while short-term momentum appears stretched.
BTC caces immediate resistance at $78,490
Bitcoin recently tested the 61.8% Fibonacci retracement level at $78,490. The level is derived from the move between the August 2024 low near $49,000 and the October 2025 record high of $126,199.
A weekly close above $78,490 would strengthen the bullish technical outlook and could open the way toward the 50-week Simple Moving Average at $81,059.
Before reaching that level, Bitcoin must also clear the psychological resistance at $80,000.
If buyers push BTC above both barriers, the next major upside target would be the 50% Fibonacci retracement level at $87,599.
The 100-week SMA near $88,990 represents another significant resistance level within the same price zone.
Bitcoin remains above its 200-week SMA at $64,571 following its recent breakout from a prolonged consolidation phase.
The weekly Relative Strength Index stands near 55, comfortably above the neutral level of 50.
This reading suggests that momentum has improved without yet reaching an extreme on the weekly timeframe.
The weekly Moving Average Convergence Divergence indicator also remains bullish after recording a positive crossover in mid-July.
Rising green histogram bars suggest that upward momentum continues to build. Together, these indicators support the possibility of additional gains if Bitcoin can overcome resistance between $78,490 and $81,059.
The daily chart presents a more cautious picture despite Bitcoin’s strong overall structure.
BTC trades well above its 50-day, 100-day and 200-day Exponential Moving Averages, located at $66,786, $67,415 and $71,781, respectively.
However, the daily RSI has climbed to approximately 79, placing Bitcoin firmly in overbought territory.
Such readings do not automatically imply an imminent reversal, but they often indicate that a market may need to consolidate or retrace after a sharp advance.
The daily MACD remains positive, confirming that bullish momentum is still in place, although the strength of the recent move leaves BTC vulnerable to profit-taking.
If Bitcoin pulls back, the 200-day EMA near $71,781 represents the first major technical support level.
The psychological $70,000 mark is another important area that could attract buyers if selling pressure increases.
A deeper decline would expose the 100-day EMA at $67,415 and the 50-day EMA at $66,786.
The nearby horizontal support at $66,500 strengthens that broader demand zone. If those levels fail, Bitcoin could fall toward the next major support area around $62,300.
For now, BTC’s immediate outlook depends on whether buyers can absorb profit-taking and push the price above $78,490 and $80,000. A successful breakout would keep $81,059 and the $87,599 to $88,990 region in focus.
