Bitcoin is trading near $76,600 after reversing from an earlier intraday push toward $78,000.

Current prices are $BTC $76,600, $ETH $N/A, $BNB $N/A, $SOL $N/A with 24h change at 0%.

The news story suggests crypto-specific positioning was strong enough to resist the oil-inflation trade with crude oil near $103 and the S&P 500 falling.

The surge in Bitcoin price alongside oil is a significant development.

The Bitcoin price is expected to be influenced by the US stock market.

Support at $75,000.

Resistance at $80,000.

I'm bearish on $BTC with a target price of $72,000.

#Bitcoin #BTC #Crypto #CryptoAnalysis #BTC