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Bitcoin has moved into the $75,000 area as traders monitor two bullish chart setups forming across monthly and daily timeframes. One view suggests BTC is holding above prior all-time-high levels, while another points to increasing pressure near a potential breakout route toward $80,000.
Bitcoin remains range-bound between major resistance and support zones tied to its old all-time highs in 2021 and 2024. According to a monthly chart from Rekt Capital, BTC/USD is holding above the 2021 peak near $69,185, but is still struggling to reclaim the 2024 high around $73,884. This has kept price compressed within a narrow historical band rather than triggering a fresh breakout.
On the weekly chart, Rekt Capital reports that Bitcoin has already retested the 2021 all-time high as support. This is important because prior resistance can turn into new support in a bullish market structure. However, the monthly chart has not yet confirmed the same retest, leaving the market without stronger higher-timeframe validation.
At the same time, Bitcoin continues to reject the 2024 all-time-high zone. The article notes that after price reached above $100,000, it pulled back and returned to the low $70,000 area. Even though buyers defended the lower band again, BTC has not closed above the 2024 resistance level on a weekly basis. Until that occurs, the market remains stuck between support near the 2021 high and resistance near the 2024 high.
If Bitcoin secures a weekly close above the 2024 all-time high, the next move could carry price into the upper $70,000 range. For now, the structure is described as range bound, with BTC effectively sandwiched between two former record highs.
On the daily timeframe, Bitcoin is pressing into a breakout area after spending months below a falling trendline. The article says this descending resistance capped price since late 2025. It also notes that BTC has pushed back into that zone while climbing through an upward blue channel, making the current structure appear stronger than during the earlier part of the downtrend.
The daily chart also highlights Bitcoin reclaiming the 100-day moving average and testing the point where the falling resistance and rising channel intersect. This area is described as a key decision point for whether the recovery continues or stalls.
If buyers maintain control and confirm a breakout above the compression zone, the next major target on the chart is near $80,000.
Still, the article emphasizes that confirmation matters more than anticipation. Until Bitcoin clears the descending trendline with follow-through, the move is characterized as a breakout attempt rather than a completed trend shift. Even so, the chart is presented as suggesting improving momentum as bulls work to turn a long period of lower highs into a stronger upside structure.

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