Bitcoin has reached a monthly high of $79,472, its strongest 28-day performance since April 2025. This rally is supported by a bullish shift in market positioning metrics and a significant increase in leveraged trading.
Analysis shows Bitcoin's positioning index has risen sharply, indicating growing bullish sentiment. Open interest in Bitcoin derivatives has also surged 14.5% over 30 days, with new capital entering the market.
Technically, Bitcoin has broken above a long-term descending trendline and reclaimed its 100-day moving average, signaling a trend reversal to neutral-to-bullish. The $81,000 mark is the immediate resistance level.
Key resistance zones are identified around $88,000 to $91,000. Sustained movement above these levels would confirm strong buyer demand and potentially drive prices higher. Support remains in the $72,000-$75,000 range.