Bitcoin holds $75k base, tests $76,750, targets $78k on breakout

Bitcoin holds above $75,000 and coils under $77,000. A break over $76,750–$77,000 would unlock the next leg up for Bitcoin.

Bulls reclaimed $76,000 and $76,200 after a base above $75,500, kicking off a recovery wave.

Price sits below $77,000 and the 100‑hour SMA. A bearish trend line caps at $76,750 on the hourly BTC/USD chart from Kraken.

The move retraced over 50% of the downward leg from $77,888 to $74,940. The $76,750 area aligns with the trend line and the 61.8% Fib.

Key levels to watch:
- Resistance $76,750 and $77,000
- Upside targets $78,000 then $78,500; next barrier $80,000
- Support $76,000; $75,650; $75,000; deeper $74,250; main $73,200

Signals: Hourly MACD turns up. RSI stays above 50.

Setup hinges on a close above $77,000. Failure at $76,750 risks another dip toward $76,000–$75,000.