Bitcoin Surges Past $75,000 as Market Sentiment Shifts Dramatically

Bitcoin has made a significant move, surpassing $75,000 after a powerful rebound that took it from below $60,000 to its highest level since late May.

The rally accelerated sharply this week, with Bitcoin gaining roughly 20% over four days. In the past 24 hours, it outperformed Ethereum (ETH) and Solana (SOL).

Popular trader DonAlt sees room for more upside, pointing to Bitcoin's reaction from major support. He noted that 'Very good reaction from support finally,' which could indicate that the recent low is the bottom of the current cycle.

The first resistance level for Bitcoin is $82,000, while $95,000 is considered the first 'actually good resistance.' However, DonAlt stopped short of declaring the bottom confirmed, not ruling out a potential bull trap.