Bitcoin Battles $76,000 Resistance; ETH, Altcoins Test Recovery

Bitcoin attempted to break the $76,000 level but encountered heavy selling and retreated after climbing above $73,000 earlier in the session. Data from Farside Investors showed U.S. spot Bitcoin ETFs logged two days of inflows and two days of outflows this week, with inflows exceeding outflows and producing $576.5 million in net weekly inflows.

Short-term technicals on Bitcoin show mixed signals. The 20-day exponential moving average has begun to slope upward and the relative strength index moved into positive territory. A daily close above $76,000 would complete an ascending-triangle pattern and open a potential extension toward $84,000. If sellers force prices lower, support sits in a $62,500–$60,000 zone. Glassnode’s Week Onchain newsletter noted Bitcoin must clear a True Market Mean at $78,000 and the short-term holder cost basis at $81,600 before a sustained recovery can be confirmed, and that rallies into that zone could meet selling from recent buyers.

Ether found support around $2,200 and showed early signs of base-building. The Capriole Macro Index Oscillator recorded a -2.42 reading, a level some analysts have associated with past lows. A rise above $2,274 would target $2,400 and then $2,800. A break below the moving averages could expose a slide to $1,916.

XRP repeatedly failed to clear its 50-day simple moving average near $1.38; a break below $1.27 would point to $1.11 and then the descending channel support near $0.90. BNB struggled at its 50-day SMA around $626; selling that pushes it under $570 would target $500 as the next support. Solana traded in a $76 to $98 range; a decisive move above $98 would target $117, while a drop below $76 would target $67.

Smaller tokens showed varied setups. Dogecoin stayed under a downtrend line and faced support at $0.09, with a failure under that level pointing to $0.06 and a break higher targeting $0.11. Hyperliquid moved toward a resistance zone near $41.60–$43.76, with a close above that area opening a path to $50 and a fall under its 50-day SMA near $35.27 exposing $29.42. Cardano held near $0.25 with a 50-day SMA at $0.26; weakness below $0.23 would risk $0.22 and deeper support near $0.16. Bitcoin Cash met resistance at its 20-day EMA near $451, with upside targets at $465 and $486 and downside risk to $375 if sellers regain control. Chainlink remained range-bound between $8 and $10, with a break above $10 pointing to $11.61 and a close under $8 exposing $6.

Market participants continued to monitor ETF flows and short-term technical indicators for signs of follow-through buying or renewed selling. Farside Investors’ data and Glassnode’s on-chain metrics were cited as the basis for the ETF and holder-cost figures reported above.