In the past few days, Bitcoin’s price has been quite volatile. I noticed that BTC has rebounded from its lows and has already held above 72K. The current trading price is around $77.36K. After the U.S. inflation data was released, market sentiment seems to have improved, and this rally has made many people start paying attention to the resistance levels above.

Several analysts have recently shared different views. Some believe that Bitcoin’s price could move toward 75.3K because that range acts like a magnet attracting buy orders. And once the price breaks above it, short positions are forced to be closed, potentially totaling nearly $80 million. This could create fresh upward pressure. However, other analysts have cautioned against getting too excited too early. They noted that Bitcoin has recorded the largest short-position deleveraging event of 2026 recently. This kind of signal usually appears near local highs, so after the rebound there may be a risk of a reversal.

Interestingly, on-chain data suggests that investor behavior appears to be quietly changing. Bitcoin’s realized capital has improved from negative $28.7 billion as of late February to negative $3 billion now, and the stablecoin market cap has shifted from an increase of more than $6 billion to a decline of nearly $1 billion. This indicates that after going through a defensive phase, capital is gradually re-entering the market. If this rotation continues, Bitcoin’s price may extend the rebound from the 60K lows earlier this year, but for now the trend is still relatively mild, so it’s worth continuing to watch.