Bitcoin Price Breakout Puts $78,000 in Sight, But One Risk Remains
Bitcoin price is trading above $73,700 at press time after rising almost 11% over the past seven days, driven by a breakout from a classic cup-and-handle pattern. The move has pushed the crypto market’s largest asset toward a key resistance zone. While technical momentum and strong buying pressure support the rally, several indicators suggest the next leg toward $78,000 is possible but may face resistance. Bitcoin Price Breakout From Cup-and-Handle Pattern Targets $78,000 Bitcoin’s latest rally accelerated after the price broke above the handle resistance of a cup-and-handle pattern on March 13, as predicted in our previous BTC analysis
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