Bitcoin buyers regain control after 17% rebound, but $78,000 resistance still defines bear trend

Bitcoin has climbed 17% from lows below $60,000 in what analysts describe as a relief rally, with on-chain data showing buyers regaining control. Metrics such as net taker volume and the bull score index indicate improving market conditions, but traders say the broader downtrend is unlikely to reverse unless Bitcoin can break and hold above the $78,000 area. While spot Bitcoin ETFs have seen several consecutive days of inflows, multiple failed attempts to stay above $70,000 keep the focus on key support and resistance levels around $54,400 and $78,000.