Bitcoin Defends $76K Amid Weak Momentum and Liquidation Zones

Bitcoin's price defended $76,000 on Thursday after slipping below that level earlier in the day. The cryptocurrency dropped as low as $75,605 before recovering toward $76,900.

The daily Supertrend remains bullish, but the 4-hour momentum lacks a clear direction. Analysts view $75,500-$76,000 as the key zone separating a rebound from a deeper fall.

According to crypto.news, Bitcoin's price traded near $76,863 at the time of writing after dropping 1.7% during the session. The cryptocurrency opened at $78,189 and reached an intraday high of $78,250 before falling to $75,605.