Bitcoin traded near $77,260 on Saturday after reaching an intraday high close to $79,500, then falling sharply to about $76,300 in a flash crash. The cryptocurrency had gained more than 22% over the previous week. Its four-hour relative strength index (RSI), a momentum indicator ranging from 0 to 100, reached its highest level in more than seven years, while readings above 70 are generally considered overbought and levels above 80-90 can signal temporary demand exhaustion. Analysts remain divided over whether the extreme reading points to a healthy pause or a deeper correction. More than $500 million in long positions were liquidated within minutes, contributing to total liquidations above $1.35 billion over 24 hours. Scenarios under discussion include a move toward $83,000-$88,000 if support at $75,000-$76,000 holds, or a retreat toward $70,000-$72,000 if momentum fades.