The price of Bitcoin is currently hovering around $77,700, marking a 1.8% increase since midnight UTC, following a rebound from the $75,650 level, which previously acted as a resistance point during the last week's rally. This rebound indicates a potential shift towards a bullish trend, with $75,650 now serving as a critical support level that could play a vital role in Bitcoin's potential push to break through the $80,000 barrier. Meanwhile, Ether is trading at $2,344, with its chart exhibiting more bearish signals than Bitcoin, characterized by a series of lower highs since April 17.
The overall market is experiencing an uptrend, driven by anticipation among US investors for the upcoming earnings reports from major tech companies, including Alphabet, Microsoft, Amazon, and Meta, all scheduled to report after the market closes on Wednesday. Nasdaq 100 futures are up 0.25% in pre-market trading, and derivatives positioning is also being closely watched.