The Economic Times

Bitcoin holds near $79K as traders avoid aggressive profit booking. Here's what experts say

Bitcoin hovered near $79,000 as traders remained cautious following its strong August rally and renewed macroeconomic risks. While volatility has eased and institutional demand remains supportive, analysts expect consolidation to continue. Experts advise against chasing price moves, instead favouring staggered entries, disciplined position sizing and close monitoring of key support and resistance levels.