Bitcoin is back in the driver’s seat today, surging over 7.5%—its strongest single-day performance since early February and the second-largest gain since April 2025.The Technical Setup:The spark for this rally was a successful defense of the 100- and 200-hour moving averages yesterday. Once the price reclaimed the channel trendline near $67,400, the short-term bias flipped decisively bullish.Broken Barriers:The momentum accelerated as buyers tore through a gauntlet of overhead resistance:$70,066: Reclaiming the Feb 25 high.$70,940: Clearing the Feb 9/15 peaks.$72,174: A definitive break that forced a wave of short-covering.The Road Ahead:The bulls are now eyeing the 38.2% Fibonacci retracement at $74,402. A clean break here opens the path to the 50% retracement at $78,872.Watch the Floor: If the rally stalls at $74.4k, look for a dip back below $72,174. A failure to hold that level would be the first sign that this breakout is running out of gas. This article was written by Greg Michalowski at investinglive.com.