Bitcoin Defies Selling Pressure as $75K Holds the Line
Summary
Bitcoin rebounded from a seven-week low of $75,618 to about $78,039 after election-related uncertainty triggered selling. The recovery followed roughly $288 million in crypto long liquidations and mirrored a partial rebound in U.S. stock futures. Bitcoin’s 50-week moving average near $75,700 is a key support level; holding it could support another attempt to clear $78,000, while a break below it may renew downside pressure. The article says the outlook depends on risk appetite, regulatory developments and sustained buying, and cautions that the rebound alone does not confirm a broader recovery.
