Bitcoin is back in the driver’s seat today, surging over 7.5%—its strongest single-day performance since early February and the second-largest gain since April 2025.
The Technical Setup:
The spark for this rally was a successful defense of the 100- and 200-hour moving averages yesterday. Once the price reclaimed the channel trendline near $67,400, the short-term bias flipped decisively bullish.
Broken Barriers:
The momentum accelerated as buyers tore through a gauntlet of overhead resistance:
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$70,066: Reclaiming the Feb 25 high.
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$70,940: Clearing the Feb 9/15 peaks.
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$72,174: A definitive break that forced a wave of short-covering.
The Road Ahead:
The bulls are now eyeing the 38.2% Fibonacci retracement at $74,402. A clean break here opens the path to the 50% retracement at $78,872.
Watch the Floor: If the rally stalls at $74.4k, look for a dip back below $72,174. A failure to hold that level would be the first sign that this breakout is running out of gas.
