Bitcoin has surged approximately 6% over the past week, reaching the critical $79,000 resistance level. Crypto trader Michael van de Poppe suggests that if Bitcoin maintains support at $75,000, it could rise to $85,000–$88,000 within the next two weeks. Van de Poppe highlights that the $79,468 level is saturated with sell orders and short positions, which may cause Bitcoin to pause or dip slightly before attempting another breakout. Market data from CoinGlass indicates a potential short squeeze, with Bitcoin's funding rate at -0.0092% and open interest at $60.54 billion. This setup suggests that short sellers might be forced to close positions, potentially driving prices higher. Analysts are also monitoring key support levels, with immediate support at $76,000 and further levels at $75,650 and $75,400. A drop below $73,200 could challenge the bullish outlook.