Current Market Snapshot
Bitcoin is trading around $73,000 – $74,000 range recently �
BeInCrypto +1
Weekly trend: ~+10–11% rise after a breakout pattern �
BeInCrypto
Key resistance: $75,000 – $78,000
Key support: $68,000 – $70,000 �
IG
📈 Technical Analysis
🔹 Bullish Signals
Breakout from cup & handle pattern → strong bullish continuation �
BeInCrypto
Exchange outflows rising → investors holding instead of selling
Institutional demand (ETFs) still supporting price �If BTC breaks $75K, next targets:
$78K (short-term)
$80K+ (major bullish trigger)Bearish Risks
Weak trading volume → rally not fully confirmed �
The Economic Times
Heavy derivatives trading (leverage) → increases crash risk �
CryptoSlate
Resistance rejection seen earlier near $75K
👉 If BTC falls below $70K:
Next support: $68K
Breakdown could push toward $65K zone
