Bitcoin Eyes $76,000 Resistance Amid Mixed ETF Inflows

Bitcoin is currently testing a pivotal resistance zone, with buyers attempting to sustain prices above the $72,500 level. A successful breach and close above $76,000 would complete a bullish ascending triangle pattern, potentially clearing a path for the asset to ascend toward $84,000. Conversely, a failure to hold current support could see the pair drop toward the $60,000 to $62,500 zone. Market sentiment is partially supported by US spot Bitcoin ETFs, which recorded weekly net inflows of $576.5 million despite a mixed performance of alternating daily inflows and outflows. However, on-chain data suggests a more difficult road to recovery; Bitcoin must surpass the True Market Mean at $78,000 and the Short-Term Holder Cost Basis at $81,600 to enter a sustainable bullish regime. Ethereum appears to be bottoming out, with the Capriole Macro Index Oscillator recording a reading of -2.42, signaling undervaluation. ETH is currently finding support at $2,200. If the asset can break above $2,274 and $2,400, it may surge toward $2,800, though a break below current moving averages would invalidate this outlook and potentially lead to a slump toward $1,916. Other major altcoins face steeper challenges. XRP has failed to push above its 50-day simple moving average of $1.38, with a break below $1.27 potentially resuming a downtrend toward $0.9. Similarly, BNB remains capped by its 50-day SMA at $626, with sellers likely to defend the $570 support level.