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Bitcoin price rebounds above key support, hinting at a possible rally toward $70K-$76K.

Technical Signals
17 Aug 2026
Crypto Daily
View Source
Bullish
Bitcoin price rebounds above key support, hinting at a possible rally toward $70K-$76K.

Bitcoin's price has recovered above its crucial bull market support trendline after dipping to $62,500, suggesting a potential rally toward the $70,000 to $76,000 range. Technical indicators like the Stochastic RSI and Fibonacci levels support the idea that the bottom may be in, with the price holding above major supports. An inverse head and shoulders pattern could drive further gains, but sideways movement might continue as the market builds momentum. The next significant resistance to watch is around $65,725.

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Bitcoin falls below $77K as Fed rate hike odds rise on hot inflation data.

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Cryptocurrency prices mostly fall, with Bitcoin down over 3% and several altcoins dropping more sharply.

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