Bitcoin Trend Reversal May Confirm If BTC Closes Above $76K

Key points:

Bitcoin’s shallow pullback from the $76,000 resistance suggests that buyers are holding onto their positions, expecting the recovery to continue.

Select major altcoins are showing strength and are expected to break above their overhead resistance levels.

Bitcoin (BTC) pulled back after crossing the $76,000 level on Tuesday, but a positive sign is that bulls have not let the price dip below $73,500. That suggests the bulls are holding their positions as they expect the overhead resistance to be broken.

Another encouraging indication for the bulls is that BTC’s move toward $76,000 has been supported by $411.5 million in inflows into US spot BTC exchange-traded funds on Tuesday, according to SoSoValue data. That pushes the total net flows for 2026 into the positive territory at roughly $245 million.

Crypto market data daily view. Source: TradingView

While some analysts believe the bottom has been reached at $60,000, others remain skeptical. They anticipate BTC to collapse below $60,000 to as low as $50,000 before finally bottoming out.

Trend reversals could be tricky, but traders should be nimble when they spot one. Maintaining a negative view when the charts are screaming bullish is a recipe for disaster.

Could BTC and select major altcoins break above their overhead resistance levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

BTC turned up from the 20-day exponential moving average ($71,116) on Monday and reached the $76,000 resistance on Tuesday.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

Sellers are expected to protect the $76,000 level with all their might, as a close above it will complete a bullish ascending triangle pattern. That clears the path for a rally to the $84,000 level.

Conversely, any pullback is expected to find support at the 20-day EMA. If the BTC price rebounds off the 20-day EMA with force, it suggests a positive sentiment. That enhances the prospects of a break above the $76,000 resistance. Sellers will be back in control on a close below the support line of the triangle.