Bitcoin slips after $78,164 spike as traders defend $77,000 and $74,000 holds

Bitcoin remained rangebound for a fourth week, with support near $74,000 and resistance between $78,000 and $80,000. An intraday push to $78,164 was met by positioning dynamics in which underwater longs and profitable shorts likely exited around breakeven. Market commentary also pointed to liquidity building fastest around $75,675 to $75,700, while sell pressure appeared concentrated from $77,700 upward.