Bitcoin Technical Analysis: Bullish Checkmate Setup Near $76K

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Bitcoin is trading at $75,865, down 0.41% on the day, within a tight range between $75,645 and $75,979. After a week marked by a 3.2% decline, short-term indicators have turned bullish, with the hourly chart showing a buy signal and seven buy signals against only one sell signal. Bitcoin has also reclaimed a nine-year trendline connecting several cycle lows, reinforcing the bullish structure. A sustained move above $77,400 would open the way toward $78,500 and then the $80,000 to $82,000 range, while a break below $75,000 would expose the $74,000 liquidity zone.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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