Sticky Gains in Bitcoin May Be a Sign of Fundamental Turn -- Market Talk

Dow Jones04-24 22:51

1051 ET - The fact that bitcoin has traded on the higher side of $75,000 for the majority of the week is seen as a sign of better things to come, says David Duong of Coinbase Institutional in a note. "We saw a notable spike in short liquidations alongside the rally," Duong says. "While that may sound bearish at first glance… many important trend reversals and market structure breaks have started with liquidation-driven moves." Duong adds that if BTC prices stay put between $75,000 to $80,000 now, then higher spot demand can eventually lead to a push as high as $84,000. Bitcoin is down 0.1% to $77,818, according to data from LSEG. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

April 24, 2026 10:51 ET (14:51 GMT)

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Bitcoin is down 0.1% to $77,818, according to data from LSEG. 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Bitcoin is down 0.1% to $77,818, according to data from LSEG. 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Bitcoin is down 0.1% to $77,818, according to data from LSEG. 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