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Bulls explode, challenging $75,000; Bitcoin posts five consecutive daily gains and breaks through the key $67,000 level
After the surge, the bulls have regained the initiative. More importantly, Bitcoin did not follow U.S. stocks lower during their correction, indicating that buying support below remains strong.
The market is currently testing the $75,000 resistance level. A breakout and firm hold above it could further open up upside room toward the $80,000 round-number level.
It is worth noting that if $75,000 fails to hold, a pullback to key levels will follow: Resistance: $75,000; Support: $70,000, $67,000
Summary: The trend has strengthened. Next, all eyes are on whether $75,000 can be broken to confirm the move—whether it flies directly or steps back before taking off.