Bitcoin Price Plateaus Below $76,000 Due to Strong Sell Wall

Bitcoin, currently trading at $75,440, is making its third attempt to breach the $76,000 threshold, with bullish investors gradually eroding the $450 million worth of sell orders between $75,900 and $76,300, according to CoinGlass data. These orders are primarily placed by traders seeking to short the high end of the range in anticipation of a downturn to around $68,000, as well as those protecting against a potential breakout with associated liquidation risks above. On Thursday, U.S. equities reached record highs as the conflict in Iran appears to be subsiding following a ceasefire between Israel and Lebanon. Since the onset of the war, the crypto market had outperformed equities but is now taking a secondary role. Derivatives positioning indicates a cautious stance. Token talk