Traders eye $78,000 as the next technical hurdle. A clean break above this level would confirm the rally has legs and target previous May 2026 highs near $80,500.
On the downside, the $75,000 level (50-day moving average region) offers solid support. A close below $75K would signal loss of momentum and invite fresh selling to the $73K zone.
Trading volume spiked during the rally to $77K, a bullish signal that money is flowing in, not just short-covering. Declining volume into resistance would warn of exhaustion.
Treasury buyback expansion and bipartisan crypto regulation support (Trump's CLARITY Act, SEC framework) reduce headwinds. Watch Fed rate-cut odds and year-end inflation data for the next catalyst.
Ethereum trades $2,426 (up 5.1%), Solana at $87.56 (up 3%). Altcoins have not participated equally in the rally, signaling potential catch-up moves if Bitcoin holds $77K.
The next 48 hours are critical. A weekly close above $78K would confirm breakout; a drop to $75K would reset the trend and require fresh buy signals before further upside.
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