BTC at $76K: Breakout or Rejection?Bitcoin vs US DollarCFI:BTCUSDCFIPrice is currently in an ascending triangle, characterized by higher lows pushing up against a flat resistance level near $76,000. The Resistance: The highlighted area represents a supply zone where sellers have historically stepped in. The Support: The grey ascending trendline shows consistent buying pressure at increasingly higher levels since early February. The 200-day Simple Moving Average (SMA) is currently sitting around $87,000. The price is trading below this long-term average; the broader trend remains bearish or in a recovery phase. The 200 SMA is sloping downward, which may act as "dynamic resistance", if Bitcoin manages a breakout from the current triangle. RSI and Momentum: The Relative Strength Index (RSI) at the bottom is currently at 65.93. This indicates bullish momentum is building, as it holds above the 50 midline. It is approaching the 70 level, suggesting that while there is strength, a breakout attempt might face some exhaustion unless backed by significant volume.