Bitcoin Storms Past $79K Before Hitting Resistance Near $80K

Bitcoin Blasts Through $79,000 as Bulls Keep the Pedal Down

Monday is shaping up as an extension of bitcoin’s sharpest weekly run in quite some time, and right now, bitcoin’s daily RSI (relative strength index) is flashing deeply overbought conditions in the 79–82 range, while the moving average convergence divergence (MACD) remains firmly bullish, with its line well above the signal and a positive histogram around 1,500–3,400.

Bitcoin punched out an intraday high of roughly $79,406 on Bitstamp before sellers finally pushed back. The leading crypto asset has climbed 2.5% against the greenback today and more than 24% over the last seven days. While bulls keep pressing, bitcoin trading volume remains moderate at $36.758 billion over the last 24 hours. Bitcoin futures open interest now stands at $57.57 billion, with CME and Binance commanding the biggest share.

ETF Demand Pours Fuel on Bitcoin’s Blistering Rally

A major force behind bitcoin’s rally has been relentless demand for U.S. spot bitcoin exchange-traded funds (ETFs). Bloomberg senior ETF analyst Eric Balchunas zeroed in on those flows on X as $BTC charged higher again. “Bitcoin ETFs took just about $2b last week- their best week since the Good Ol Days of Oct 2025 as price went from $64k to $77k in a New York minute (that counts as God candle yeah?).”