Bitcoin price has moved back toward $76,000 for a third straight day as traders responded to easing geopolitical tension and rising activity in derivatives markets. The token traded around $75,440 after briefly moving above $76,000. CoinGlass data showed that bullish traders were pressing against about $450 million in sell orders stacked between $75,900 and $76,300, a zone that has become the main short-term resistance level. At press time, the BTC price had retraced to $75,342, a 1.39% surge from the 24-hour low. The latest move came as risk appetite improved across global markets. U.S. equities reached record highs on Thursday after reports pointed to a 10-day ceasefire between Israel and Lebanon. Market sentiment also improved after comments from President Donald Trump suggested that a deal with Iran could be nearing. Traders linked those developments to lower immediate pressure on inflation and interest rate expectations, which helped support risk assets including Bitcoin. Sell Orders Keep Bitcoin Near a Key Breakout Zone The area between $75,900 and $76,300 remains important because traders have placed heavy sell orders there. Some of those positions appear to be short bets built on the view that Bitcoin may fail again near range highs and return toward lower support levels. Others may reflect defensive positions from traders trying to protect against liquidation if Bitcoin breaks higher. CoinGlass data showed that Bitcoin’s repeated tests of this zone are forcing traders to reassess near-term direction. A clean move above that range could remove a large block of overhead supply and open room for a push toward $80,000. At the same time, another rejection would keep the market inside a range that has already shaped recent price action. Crypto markets have also trailed equities in the latest phase of the rally. During the earlier stage of the Middle East conflict, digital assets outperformed stocks. That pattern shifted as U.S. equity indexes moved to fresh highs and Bitcoin paused near resistance. Bitcoin Futures Activity Points to Rising Short-Term Pressure Activity in crypto derivatives rose as Bitcoin tested resistance again. Total market volume increased 28% to $225.8 billion, while open interest climbed more than 1.5% to $126.68 billion. Liquidations also jumped 140% to $529 million, with short liquidations slightly above long liquidations. That mix suggested a mild short squeeze as Bitcoin moved higher. Some traders said the latest price action had already cleared out a large group of bearish positions. According to crypto analyst Ali Charts, Bitcoin's move toward $75,300 erased about $80 million in shorts this week. He added that traders are now leaning more to the long side, while large clusters of long positions sit below the market near $70,000, $65,000, and $57,000. Source: Coinglass Those levels are being watched because they may attract price if momentum weakens. Traders often look at such zones as areas where leverage can be flushed out before another directional move begins. For now, the rise in open interest and liquidations shows that positioning is becoming more active as Bitcoin approaches a major technical test. BTC Price Technical Resistance Leaves $80,000 in Focus Bitcoin is also testing its 100-day simple moving average as resistance for the third time in six months. Previous tests in October and January both ended in sharp pullbacks, according to market commentary cited in recent trading notes. Those earlier failures made the current attempt more important for traders looking for confirmation of trend direction. Source: X A rejection at the same level again would increase attention on the possibility of another move lower, with the yearly low near $59,800 still in view. A close above the 100-day moving average would shift focus toward a possible advance into the $80,000 to $84,000 area. That is why the current range near $76,000 is drawing close attention from both bullish and bearish traders. Alongside the geopolitical backdrop, another factor supporting sentiment was news that Charles Schwab plans to let clients trade crypto and traditional assets side by side through Schwab Crypto. That development added to the broader improvement in market mood. Even so, Bitcoin remains at a make-or-break level as traders wait to see whether the ceasefire-driven rebound can carry through resistance.
