Bitcoin (CRYPTO: BTC) remains in a narrow range around $78,000, with analysts pointing out that only a select few cryptocurrencies can expect meaningful gains in the future.
What Technical Analysts Forecast
Prominent technical analyst Doctor Profit posted his weekly update on X Sunday, noting that $71,000 remains extremely strong support, $78,500 the next major resistance and $82,000 as the level that confirms a full bull market.
He called the daily RSI hot but noted weekly and monthly readings remain neutral, arguing the move was driven by a short squeeze rather than heavy spot buying or new leveraged longs piling in.
Crypto Rover posted on X that Bitcoin is pushing higher over the weekend while spot cumulative volume delta remains nearly flat, meaning leverage rather than real buyers is driving the move.
