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🚀 Bitcoin rebounds to $78,000: heading for a new high or a liquidity trap?
Market sentiment has shifted 180 degrees in the past 24 hours. After weeks of uncertainty, optimism about a possible ceasefire between the US and Iran has injected the bulls with the necessary momentum.
📊 Quick Technical Analysis
BTC/USDT: Bitcoin has broken through the psychological barrier of $78,000, rising 2% in the past few hours. The current price has tested a key resistance level after a strong rebound from the $73,500 zone.
ETH/USDT: Ethereum follows suit but is more cautious, currently trading near $2,430. This is a major resistance level confirming a macro trend change.
Dominance and Market Cap: Global market cap has increased by 1.36%, reaching $2.54 trillion, indicating that capital flow is not only returning to Bitcoin but also flowing back into large-cap cryptocurrencies. $BTC