76k holding up means a bullish celebration; if it can't hold, it will revert to consolidation. This script is familiar.

ME News on April 18 said that fluctuations in the Middle East led Bitcoin to fall back to about $76k. Iran had previously opened the Strait of Hormuz, which added further pressure, but later closed the channel, reversing market sentiment. This round of liquidations involved roughly 168,336 forced-liquidation accounts, totaling $762 million, with a short squeeze of about $593 million. The weekly chart is still up about 4.5%. Watch the $76k support level—if it closes above or breaks through it, the rally may continue; otherwise, it could return to the consolidation range seen since March.