BTC
Bitcoin approached $79,000 as markets eyed the highest weekly close since late January. Traders highlighted strong ETF inflows amid US-Iran tensions, though some warned of potential liquidity traps. The cryptocurrency recovered earlier weekly losses by Sunday.
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Bitcoin's price has stabilized around $68,000 following a defense of the $60,000 demand region, though it remains within a broader corrective structure. The cryptocurrency trades below key moving averages and a descending resistance trendline, placing it at a critical juncture for potential recovery or continued downtrend. On-chain data indicates a reset in market sentiment, potentially limiting downside risks.