Bitcoin Breaks Nine-Month Downtrend

The Bitcoin ($BTC) price has broken through its nine-month downtrend and is currently trading around $75.2K, marking a notable shift in momentum.

This comes after a steep vertical rally, with the price moving between $69,320 and $75,527 over the past 24 hours, reflecting the strength within the market.

The dominant asset has also reached the $75K resistance area, which could provide a strong foundation if it enters a period of consolidation.

If Bitcoin decisively clears $75,733, the next significant supply cluster appears around $83,307-$84,569, where 1 million $BTC previously changed hands.