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Bitcoin Weekly Report: The $79,700 Line Is Now the Battlefield
With CBBI at 41, Fear and Greed at 47, and Bitcoin pressing back toward $79,700, the market may be leaving the $60,000 low behind for good
Michael P. Di Fulvio12 min read·Just now--
Bitcoin has changed character.
Only a short time ago, the market was sitting in deep fear. The price was hurt, sentiment was negative, and the crowd was still looking back at the $60,000 low as if it were the start of something worse. That is no longer the same market. Bitcoin has now moved back toward the critical $79,700 zone, with the latest uploaded dashboard showing the price near $79,460 and the TradingView chart showing Bitcoin around $79,291 to $79,271.
This is not just another random number on a chart.
In my opinion, Bitcoin will never revisit the $60,000 low once it decisively reclaims $79,700. That level marks the line between a damaged market trying to repair itself and a restored advance moving toward a new all-time high. The next major target is now clear: Bitcoin is on track to reach a new all-time high of approximately $135,000 by July 2026.
The tone has also changed in the sentiment data. CBBI has moved to 41, and Fear and Greed has moved to 47. That is a major improvement from the prior extreme fear readings. It is not euphoria. It is not mania. It is something more useful: the return of balance after emotional exhaustion.
