Bitcoin Price Sets Another ATH
Bitcoin's current trajectory above the $75,000 level reflects strong upward momentum, establishing a new ATH at $76,937. The minor dip below $76,200 and a retracement below the 23.6% Fib level from $72,745 to $76,937 indicates some consolidation, but BTC remains well-supported above the $75,000 mark, bolstered by the 100 hourly SMA and a bullish trend line around $75,450.
In the near term, resistance at $76,000 and $76,200 will be key for further gains. Should Bitcoin clear $76,200 convincingly, it could aim for a test of the $78,000 level, signaling continued strength in the market.