Bitcoin Rally Surpasses 25%: Indicator Hits 78, Two Price Zones in Focus

Bitcoin has surged more than 25% over the past week, while an indicator measuring the speed of price movements rose to approximately 78; the $78,500–$82,000 range is being monitored as a resistance zone, while $72,400–$73,500 serves as support.

Bitcoin climbed above $80,000 during Tuesday morning’s Asian session. Daily gains reached 4%, while weekly gains exceeded 25%. A Bitfire Research note cited by CoinDesk indicated that the pace of the rally could pose a risk in the short term.

The metric used in the research compares recent gains against losses. The level of approximately 78 sits above the 70 threshold, suggesting that the price may have risen too quickly in a short period. This signal alone does not guarantee a decline or correction. Bitfire expects selling pressure in the $78,500–$82,000 range and buyer support in the $72,400–$73,500 range. These levels are not definitive targets; they indicate areas where buyers and sellers could gain momentum during an uptrend or retracement.

Critical price zones for Bitcoin come to the fore

Among altcoins, Solana posted the strongest performance among major cryptocurrencies, rising approximately 8% daily to surpass $101. SOL’s weekly gains approached 35%. Two proposals voted on by validators to reduce new issuance and increase daily burns are set to expire on Thursday. Ether rose more than 2%, trading just below $2,500.

The rally was supported by strengthened risk appetite following the Treasury’s plan to increase bond buybacks. This plan also revived expectations of a shift toward alternative assets in response to a potential depreciation of the dollar. In the near term, market focus is on the speech to be delivered by the Fed’s Kevin Warsh at the Jackson Hole meeting on Wednesday. Messages regarding interest rate policy could impact liquidity expectations for crypto assets.