Bitcoin price soars to 4 week high passing multiple resistance levels within hours with eyes on $77k

Bitcoin has experienced a significant surge, breaking through the $71,500 resistance and trading above $73,500, reaching a four-week high. This upward movement has occurred rapidly, with Bitcoin climbing through several previously identified resistance levels. The market is now focused on consolidating above the $73,518 to $73,764 zone, which now acts as potential support. If this level holds, the next resistance targets are $77,056 and $78,959. The current rally is supported by a favorable macro environment, including easing geopolitical tensions and a pullback in crude oil prices, which has boosted risk appetite for assets like Bitcoin. The article emphasizes that this technical breakout is also influenced by these broader economic factors, creating a balanced setup for further price action.

(Source：CryptoSlate)