Key Takeaways:
Bitcoin pushes toward $78K as strong buying momentum drives continued upside. Chart confirms bullish breakout with higher highs supporting trend strength. Technicals remain supportive, but extended price levels raise the risk of a pullback. Bitcoin Price Holds Strong Near Resistance LevelsFurther attention is centered on the waterway after a 10-day ceasefire between Israel and Lebanon took effect yesterday. Iranian Foreign Minister Abbas Araghchi said this morning that the Strait of Hormuz is now open for the remainder of the truce. The reopening prompted an immediate response across global markets, with oil prices falling about 10% as expectations for supply stability improved. Shipping data from Kpler also showed the first loaded tankers beginning to exit the Gulf, including three Iranian tankers carrying roughly 5 million barrels of crude, the first such movement since the U.S. blockade was enforced.
Bitcoin Indicators Signal Strength With Volatility Risk
