Bitcoin Caps at $75,000 While Nasdaq and S&P 500 Reach Record Highs

Bitcoin capped at $75,000 as Nasdaq and S&P 500 fly to new record highs.

“Bitcoin capped at $75,000 as Nasdaq and S&P 500 fly to new record highs The Nasdaq was higher for the 11th consecutive session as investors looked past the conflict in the Middle East”

@coindesk

Bitcoin has turned more positive but remains capped below $75,000.

@coindesk

U.S. stocks notched record highs with the Nasdaq logging an 11-day winning streak.

Crypto-related equities rallied alongside the broader risk-on mood.

Trading recently around $75,134, bitcoin was higher by 1.45% over the past 24 hours.

Coinbase rose 6.2%, Robinhood jumped more than 10%, and bitcoin treasury firm Strategy gained 4.4%.

Trader Jasper de Maere said they've rejected from the top end of this two-month range.

Analyst Antoine Andreani identified a critical resistance zone around $76,000.

CoinDesk

If the price breaks through, a possible acceleration toward $93,000 to $108,000 could occur.

A failure could bring the cryptocurrency back to $50,000.

Andreani emphasized the importance of Fibonacci retracements.