Key insights:
- Bitcoin records four consecutive weekly green closes with bullish technical signals emerging
- Price action stays between $74K support and $80K resistance zone
- Macro events including Fed, BOJ, and PMI data guide short-term sentiment
- Liquidity expansion and rising M2 supply support broader crypto market attention
Bitcoin continued trading near the mid-$70K range after holding recent weekly gains. Market data showed four straight green weekly closes, the first since April 2025. Price movement stayed sensitive to macroeconomic updates and upcoming policy decisions across major economies.
At the time of reporting, Bitcoin traded at $76,614.90 with strong daily trading volume. The asset recorded a 1.72% decline over the last 24 hours. Traders monitored resistance near $80,000 and support close to $74,000 as key zones for direction.
Technical Signals Show Mixed Momentum in Bitcoin Market
Bitcoin maintained a four-week streak of green closes, which traders last observed in April 2025. Market analyst Ash Crypto stated that weekly MACD has flipped bullish and RSI reclaimed long-term support. These signals pointed to improving momentum in mid-term charts.
Price action also showed recovery above previous April 2025 lows. Traders noted that Bitcoin now faces resistance near $80,000. A break above this level could confirm further strength, while rejection may guide price toward $74,000 support.
Momentum indicators stayed active as traders monitored volume trends. Coinbase premium levels also remained under watch, as they often reflect demand pressure in US markets. Market participants continued to track short-term volatility near resistance zones.
Macroeconomic Events Shape Short-Term Crypto Direction
Several global events this week may influence Bitcoin price movement. These include US and Iran indirect talks, Bank of Japan policy decision, Federal Reserve meeting, earnings reports, and ISM PMI data release. Each event may affect liquidity expectations across financial markets.
Ash Crypto noted, ”several macro conditions are aligning, including rising US M2 supply and stronger ISM readings”. The Russell 2000 index also reached new highs, while liquidity conditions showed expansion in broader markets. These factors often connect with risk asset performance.
Market observers also tracked expectations around a potential new Federal Reserve leadership decision. Liquidity injections into financial systems remained in focus. Traders watch whether Bitcoin could sustain strength above resistance while macro data continued to unfold.
