Bitcoin struggles to break $75,000 resistance level

Bitcoin is facing significant resistance at the $75,000 mark, hindering its ability to sustain upward momentum. Recent price volatility appears to be driven by market makers rebalancing their positions, rather than strong directional bets. Major altcoins like Ether and Solana are also experiencing declines, mirroring Bitcoin's struggles. While easing geopolitical tensions generally support risk assets, Bitcoin's inability to decisively break the $75,000 ceiling is leading to profit-taking and choppy market conditions. Derivatives data indicate a balance between long and short liquidations, reflecting market uncertainty.