$BTC Next move after hitting 76,000$.
Based on the BTC/USDT chart:
Price Level: Bitcoin has pulled back slightly after reaching a high of $76,400, now around $74,915.
Exponential Moving Averages (EMA): The price is well above the 7, 25, and 99-period EMAs, indicating a strong uptrend.
Stochastic RSI: At 77.56, the Stochastic RSI is in the overbought territory, which might suggest a potential short-term correction.
Relative Strength Index (RSI): The RSI is at 68.62, close to the overbought zone but not yet extremely high, indicating that there might still be some upward momentum.
After hitting $76,000, Bitcoin may experience a period of consolidation or a slight pullback to gather momentum before attempting to break higher. Support levels around $73,000 and $71,986 (the 25-period EMA) could act as a buffer if there’s a retracement.
For a continued upward move, breaking the $76,400 resistance convincingly with strong volume would be important. If this resistance holds, BTC might oscillate in a range before the next attempt.
