Bitcoin is holding steady near the $84,000 mark, driven by robust institutional participation and strong capital inflows into exchange-traded funds. Market sentiment has also found support in softer US inflation figures, aiding the cryptocurrency's recent price recovery.
However, further upside remains capped by elevated US Treasury yields and lingering caution in direct spot market purchasing. Market analysts point to a key support zone between $82,000 and $82,500 should selling pressure intensify.
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Traders are now closely monitoring upcoming US jobs data, which market observers view as a crucial near-term catalyst for Bitcoin's next directional move.
