Will Bitcoin price reclaim $75,000 ahead of Fed rate decision?

The 20-day SMA is also on the cusp of completing a bullish crossover with the 50-day SMA, a classic signal often referred to as a golden cross that typically precedes sustained upward momentum.

At the same time, the Aroon lines also added to the bullish outlook with the Aroon Up at 100% in comparison to the Aroon Down at 0%. This is a powerful configuration that hints at a strong emerging uptrend and suggests that buyers are in complete control of the current price action.

For now, the $75,000 zone, which has historically acted as a psychological barrier for traders, will serve as key resistance that would decide the short-term trajectory of the asset. A break above it could embolden bulls to target the next resistance pivot at $80,665.

On the contrary, a drop below the $70,000 support level could invalidate the current breakout and lead to a period of consolidation.