The post Why is crypto up today? Bitcoin pushes towards $76K despite fakeout risk appeared on BitcoinEthereumNews.com.

Crypto today is sitting at a key level where the next move could be driven by FOMO. On the technical side, high-cap assets are seeing steady inflows, which is keeping prices stable near key resistance zones. With the weekend ahead and the stock market closed, crypto could see more inflows. The next 48 hours will be important in deciding whether the market builds a local bottom at these levels. On the sentiment side, things are turning more bullish. The Crypto Fear and Greed Index has moved up two points and is now just two points away from entering the “greed” zone, which often signals stronger risk appetite. Technically, Bitcoin’s [BTC] push toward $76k shows this momentum may already be playing out. Source: TradingView (BTC/USDT) Interestingly, crypto today also saw a liquidity flush, adding to the current setup.  According to CoinGlass, total liquidations came in at $539 million, with over 55% coming from shorts. Bitcoin alone saw $56 million in short liquidations as it broke $75.7k, marking one of the largest short squeezes in over a month. However, the key question is whether crypto can carry this momentum into next week. From a technical standpoint, short squeezes are bullish; however, for the move to sustain, strong underlying bid support is necessary. Otherwise, this could simply turn into another deleveraging event. AMBCrypto believes that this is where FOMO begins to play a key role. On the sentiment side, conditions are clearly supportive, but the real test is whether it’s translating into actual on-chain demand. If so, crypto’s momentum today could extend into next week, with $80k as the near-term target. On the other hand, if demand weakens, the move could quickly lose strength. Market still lacks clear follow-through After several weeks of sideways chop, Bitcoin reclaiming key levels is starting to hint…

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Filed under: News - @ April 18, 2026 1:27 am