Market analysts are noting a significant shift in Bitcoin's (BTC) momentum following its recent rally to $76,000, which they believe confirms a short-term uptrend. According to data from Glassnode, the short-term holder (STH) supply in profit is currently at 43.2%, which is below the historical mean of 54.2%. This suggests that the current rally has not yet reached typical exhaustion levels, leaving potential for further upside toward the true market mean of $78,140. Analyst McKenna emphasizes that Bitcoin remains in 'deep under extension territory' relative to its 50-week simple moving average, currently at $96,800. The first major support level is identified at $72,000, where significant buying activity has occurred. A drop below $70,000 could indicate a bearish trend, increasing the likelihood of a decline toward $60,000.