Bitcoin Technical Analysis: Bullish Checkmate Setup Near $76K

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is going quiet after a violent week, and chart watchers think that calm could be the setup for the next move higher. Our Bitcoin technical analysis shows that currently, BTC is trading at $75,865, down 0.41% on the day, inside a tight range between $75,645 and $75,979. That is a 0.4% daily range after a week in which Bitcoin was knocked back to the critical $76,000 level by the AI-driven sell-off. The price is still down 3.2% over the past week and 7.2% over the past month. But two well-followed analysts now see bullish signals building on both the short- and long-term charts. Below, we are showing a detailed BTC technical analysis and the current sentiment by traders on X.. Analyst Spots A 4H Bullish Checkmate Setup Crypto trader Cheds Trading took a bullish note and shared it on X, showing Bitcoin’s 4-hour chart and how it is now flashing a potential bullish checkmate setup. Source: @BigCheds (x.com) The chart shared by the analyst shows a large red capitulation candle that wiped out the early-November rally, followed by a series of small-bodied candles grinding sideways ne...