Bitcoin Holds Bullish Structure Despite Pullback from $76K

[mendez]

WTI oil futures (left) vs. S&P 500 futures (right). Source: TradingView

Bitcoin saw a 7% correction after nearing the $76,000 level, pressured by rising oil prices and weaker sentiment in US equities. The drop followed geopolitical tensions after Israel struck Iran’s largest gas facility and stronger-than-expected US inflation data.

Despite the pullback, Bitcoin’s broader bullish momentum remains intact. Analysts point to strong spot demand—particularly from US-listed Bitcoin ETFs and continued accumulation by MicroStrategy (Strategy)—as key support drivers.

Unlike previous rallies, the current uptrend is not fueled by excessive speculation, suggesting a more stable foundation for further upside.

[bonk]

hope it will go up to 100k