Bitcoin price started a fresh increase and cleared the $74,650 zone. BTC is consolidating and might aim for more gains above the $75,500 level.
- Bitcoin managed to stay above $73,500 and started a fresh increase.
- The price is trading above $74,200 and the 100 hourly simple moving average.
- There was a break above a bearish trend line with resistance at $74,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair might extend gains if it stays above the $73,650 and $73,300 levels.
Bitcoin Price Eyes Upside Break
Bitcoin price found support near $73,200 and started a fresh increase. BTC gained pace for a move above the $73,650 and $74,000 resistance levels.
There was a break above a bearish trend line with resistance at $74,800 on the hourly chart of the BTC/USD pair. A high was formed at $75,500, and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $73,310 swing low to the $75,500 high.
Bitcoin is now trading above $74,200 and the 100 hourly simple moving average. If the price remains stable above $73,800, it could attempt a fresh increase. Immediate resistance is near the $75,000 level. The first key resistance is near the $75,500 level. A close above the $75,500 resistance might send the price further higher. In the stated case, the price could rise and test the $76,200 resistance. Any more gains might send the price toward the $77,400 level. The next barrier for the bulls could be $78,000.
Another Drop In BTC?
If Bitcoin fails to rise above the $75,000 resistance zone, it could start another decline. Immediate support is near the $74,150 level and the 61.8% Fib retracement level of the upward move from the $73,310 swing low to the $75,500 high. The first major support is near the $73,650 level.
The next support is now near the $73,300 zone. Any more losses might send the price toward the $72,000 support in the near term. The main support now sits at $71,200, below which BTC might struggle to recover in the near term.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $73,650, followed by $73,300.
Major Resistance Levels – $75,000 and $75,500.
Bitcoin price started a fresh surge and cleared the $74,500 zone. BTC is consolidating and might aim for more gains above the $75,000 level.
- Bitcoin managed to stay above $73,500 and started a fresh increase.
- The price is trading above $74,000 and the 100 hourly simple moving average.
- There is a declining channel forming with resistance at $75,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair might extend gains if it stays above the $73,650 and $73,300 levels.
Bitcoin Price Aims for Steady Gains
Bitcoin price found support near $73,000 and started a fresh increase. BTC gained pace for a move above the $73,500 and $73,650 resistance levels.
The last swing high was formed at $76,088 before there was a downside correction. The price dipped below $74,000. It even spiked below the 38.2% Fib retracement level of the upward move from the $70,518 swing low to the $76,088 high.
Bitcoin is now trading above $74,000 and the 100 hourly simple moving average. There is also a declining channel forming with resistance at $75,000 on the hourly chart of the BTC/USD pair.
If the price remains stable above $73,650, it could attempt a fresh increase. Immediate resistance is near the $75,000 level. The first key resistance is near the $75,500 level. A close above the $75,500 resistance might send the price further higher. In the stated case, the price could rise and test the $76,000 resistance. Any more gains might send the price toward the $77,500 level. The next barrier for the bulls could be $78,000.
Another Decline In BTC?
If Bitcoin fails to rise above the $75,500 resistance zone, it could start another decline. Immediate support is near the $74,250 level. The first major support is near the $73,650 level.
The next support is now near the $73,300 zone or the 50% Fib retracement level of the upward move from the $70,518 swing low to the $76,088 high. Any more losses might send the price toward the $72,650 support in the near term. The main support now sits at $72,000, below which BTC might struggle to recover in the near term.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $73,650, followed by $73,300.
Major Resistance Levels – $75,000 and $76,000.
A wave of forced liquidations swept through crypto markets on Tuesday as traders who had bet against Bitcoin and Ether were caught off guard by a sharp price surge tied to hopes of a US-Iran agreement.
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Around 80% of the $530 million in total liquidations over 24 hours — roughly $425 million — came from leveraged short positions in the two largest cryptocurrencies.
Bitcoin touched just under $75,000 on CoinMarketCap, a level not seen in nearly a month, before running into heavy resistance and retreating to about $74,655. Ether made an even bigger move, climbing 7% to reach $2,378 — its highest point since early February.
Geopolitical Hopes Fuel The Move
The rally came as markets began pricing in the possibility of a negotiated end to weeks of tension between Washington and Tehran. Jeff Mei, chief operating officer at crypto exchange BTSE, said traders believe the two sides are drawing closer to an agreement.
Iran’s oil exports are central to its economy, and a US blockade of the Strait of Hormuz shipping lane could put severe pressure on the country to come to the table.
“Now, it appears that Iran is frantically looking to broker a deal, and stock and crypto markets are rallying as a response,” Mei said.
US President Donald Trump confirmed Monday that a military blockade had begun. He threatened to eliminate any Iranian vessels that come near. Trump also told reporters Iran wants to reach a deal, but his administration will not sign anything that allows Tehran to pursue nuclear weapons.
The broader crypto market climbed to a total value of $2.6 trillion — its highest in a month — as the news spread. About 177,000 traders were liquidated across markets over a 24-hour period, according to data from CoinGlass.
Not Everyone Is Convinced
The rapid price jump did not go unquestioned. Valerius Labs, a market analyst, pushed back on the idea that the move signals a genuine recovery. “This isn’t a breakout,” the firm said. “It’s a short squeeze running into overhead supply. Real buyers show up above the 200-day simple moving average, not 15% below it.”
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Some analysts reported that over $300 billion in crypto short positions were wiped out in just a few hours, adding more than $100 billion to the total market cap in the process.
Beyond the short squeeze, other forces may also be at work. Reports indicate that institutional buying through spot crypto exchange-traded funds, along with purchases by centralized exchanges, could be adding fuel to Bitcoin’s climb. Still, the rejection at $75,000 resistance kept the bulls from claiming a clean win.
Featured image from Getty Images, chart from TradingView
A key price level is giving Bitcoin trouble — and on-chain data may explain why.
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Realized Price Puts A Ceiling On The Rally
The $75,000 mark is not just a round number for Bitcoin traders. It sits at the lower band of what analysts call the “traders’ on-chain Realized Price” — a metric that tracks the average price at which active market participants last moved their coins.
According to CryptoQuant head of research Julio Moreno, that band has historically acted as a ceiling during bear markets, and it appears to be doing the same thing now.
Bitcoin tested the $75,000 level three times on Coinbase in a single 24-hour stretch and was turned back each time.
The rally itself has been real. Bitcoin climbed roughly 12% in March, touching a six-week high of around $76,000 on March 17. But momentum has stalled right where analysts warned it might.
Large Deposits Flood Into Exchanges
What makes the stall more significant is what’s happening behind the scenes. On March 16, hourly Bitcoin inflows to centralized exchanges surged to 6,100 BTC — the highest single-hour reading since February 20.
Data shows that large deposits made up over 60% of that total, the biggest share since mid-October 2025.
When traders move Bitcoin onto exchanges, it usually means one thing: they’re getting ready to sell. Moreno said that historically, spikes in large exchange deposits have been tied to rising selling pressure.
The timing — right as Bitcoin ran into resistance — is hard to ignore.
The question now is whether that selling pressure will be enough to push prices back down, or whether buyers will absorb it and push through the $75,000 wall.
Fed Decision Adds To Market Uncertainty
Broader financial conditions are adding another layer of complexity. The Federal Reserve is set to announce its rate decision Wednesday, and based on CME futures, traders are pricing in a 98.9% chance that rates stay where they are — with just a 1.1% chance of a hike.
But holding rates steady may not be the most market-moving part of the announcement. Reports indicate the Federal Reserve could signal that no rate cuts are coming at all in 2026, citing ongoing inflation concerns and the fallout from the US-Iran war. That kind of guidance tends to weigh on risk assets.
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The Harder Wall Still Lies Ahead
Even if Bitcoin manages to clear $75,000 with enough conviction to hold, there is another obstacle waiting higher up.
The full Realized Price — which reflects the average break-even level for active traders — currently sits near $84,700. That figure acted as resistance in both October and January.
Clearing $75,000 would be a start. Getting to $84,700 would be a different challenge entirely.
Featured image from West Coast Trial Lawyers, chart from TradingView
New Crypto: Pepeto Cross Chain Bridge Update While Bitcoin Price Hits $75K Leading Dogecoin, XRP and Ethereum Higher markets.businessinsider.com
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New Crypto: Pepeto Cross Chain Bridge Update While Bitcoin Price Hits $75K Leading Dogecoin, XRP and Ethereum Higher The Manila Times
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Bitcoin reacted negatively yesterday, after the U.S. Bureau of Economic Analysis released delayed December 2025 PCE inflation data. The report showed hotter-than-expected price pressures, reinforcing the Federal Reserve’s higher-for-longer rate stance. BTC price has since recovered and is trading at $68,212, up by 2% in the past 24 hours. Bitcoin Options Data Flags $58K Risk
The post Will Bitcoin Crash To $58k or Rally to $75k After Hot PCE Inflation Data? appeared first on CoinGape.
]]>The pioneer cryptocurrency’s recent dip below the $75k level has pushed Michael Saylor’s Bitcoin treasury firm, Strategy, into unrealized losses. The company, which boasts more than 712,000 BTC, is now sitting at an unrealized loss of over $900 million as the Bitcoin price continues to slip. Strategy Slips into Unrealized Loss as Bitcoin Tests $75K
The post Michael Saylor’s Strategy Faces $900M Unrealized Loss as Bitcoin Hovers Near $75K appeared first on CoinGape.
]]>7 Best Meme Coins to Invest in Now: Shiba Inu, Popcat, and a Cat’s Raising $75k in Opening Week MoneyCheck
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- Bitcoin spiked to above $75,400, a new all-time high.
- This came as Donald Trump clinched the US presidency, beating Kamala Harris.
Bitcoin rose to new all-time high above $75,000 as world leaders began to congratulate Donald Trump as the winner and president-elect in the 2024 US election.
As Trump took a decisive lead with key wins in Pennsylvania, Georgia and North Carolina, pushing his Electoral College votes past the 270 mark, Bitcoin price rocketed past $75k to hit a new all-time high above$75,400.
The flagship cryptocurrency has since retraced below $74k, but its sharp surge had over half a billion dollars liquidated. Per Coinglass, 124,734 traders saw their positions liquidated in the past 24 hours, with total liquidations at more than $557 million.
BTC liquidations stood at over $273 million, with more than 70% of that – $211 million – in shorts. Crypto is overall extremely bullish on a Trump presidency and analysts say dips in coming months will offer buy opportunities.
Trump’s pro-crypto stance
As the election cycle slowly comes to an end, key to the crypto industry is that the most “pro-crypto” candidate has won. World leaders, including Israeli Prime Minister Benjamin Netanyahu, India’s Narendra Modi and El Salvador President Nayib Bukele, have all congratulated Trump on his victory.
Dear Donald and Melania Trump,
Congratulations on history’s greatest comeback!
Your historic return to the White House offers a new beginning for America and a powerful recommitment to the great alliance between Israel and America.
This is a huge victory!
In true friendship,… pic.twitter.com/B54NSo2BMA
— Benjamin Netanyahu – בנימין נתניהו (@netanyahu) November 6, 2024
The US president-elect has also given a victory speech.
But while the market celebrates, what remains to be seen is whether he keeps the pledges he made during the campaign. These include two pledges for “day one” in office: fire US Securities and Exchange Commission Chair Gary Gensler and commute the sentence of Ross Ulbright.
Last night, Donald Trump pledged to commute my sentence on day 1, if reelected. Thank you. Thank you. Thank you.
After 11 years in prison, it is hard to express how I feel at this moment. It is thanks to your undying support that I may get a second chance.
— Ross Ulbricht (@RealRossU) May 26, 2024
He also said he’d make the US the world’s BTC mining hub, support a strategic Bitcoin reserve effort and never allow the creation of a central bank digital currency (CBDC).
Despite these pledges, industry experts say a Trump White House will be more supportive of crypto in general. The number of pro-crypto Senate and House Representaives has also increased significantly to suggest the road to regulatory clarity has likely opened up.