Over the past few weeks, Bitcoin (BTC), has been steadily increasing. The first crypto had a difficult time breaking through the resistance of $72,000 to $73,000 earlier in this year. The asset does not face resistance around $78,000. We will discuss the reasons why Bitcoin (BTC’s) resistance has reached $78k and whether we can expect continued growth in the next few weeks.
Why has Bitcoin’s resistance risen to $78,000?
Bitcoin’s (BTC) passing the $78k barrier has brought relief to many investors. BTC actually reached its highest level of $79-321 on April 22nd, 2026. According to CoinGecko’s Bitcoin dataBTC’s price has not changed in the past 24 hours. However, it is up 4,2% on the weekly charts and 9.9% on the 14-day charts. It also gained 10.7% in comparison to the prior month. BTC’s recent rally has triggered an overall market recovery, as several crypto assets have seen healthy gains in the past few days.
Bitcoin (BTC), the cryptocurrency, could have risen due to a positive outcome in a nuclear deal that may be reached between Iran and US. It could be that the market is anticipating a more favourable environment for May 2026. Next month we may see a reduction in interest rates, as well as the passage of the Crypto Market Structure Bill by May’s end. These two developments may trigger a new bull market in the crypto markets.
You may also like: BlackRock Buys 3352 Bitcoin, Now Has $61 Billion Worth
Bitcoin (BTC’s) increasing resistance could signal that Bitcoin is slowly gaining momentum. BTC struggled in the past to break the $72,000-73,000 price range, and experts noted that several investors had a cost that was just above this level. BTC’s price was not pushed beyond $73,000 due to low demand. BTC’s attempt to break through $80,000 (a price last seen in mid-January 2026) has boosted demand.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
