A Decisive Moment for Bitcoin: The $74,000 Level Under Test
Bitcoin (BTC) lost the $80,000 level over the weekend. Analysts believe the cryptocurrency price must stabilize above the $74,000 – $75,000 range, as this area has served as a key support point over the last two years. This is reported by Cointelegraph.com reports .
Crypto analyst Ardi noted that the retesting of this level will be one of the most important events in the current market cycle. In 2024, Bitcoin struggled to break through this resistance during a seven-month consolidation period, while in the first quarter of 2025, this area served as a solid foundation for a rise to a record high of $126,000.
Bitcoin is currently trading around $77,900 following a 5.78% weekly decline. Another trader, Alex Wacy, advised focusing on the $70,000 level. According to him, maintaining this level could push the price back up to $85,000 – $90,000; otherwise, there is a risk of a deeper decline to the $50,000 – $60,000 range.
Researcher Axel Adler Jr. noted that Bitcoin's "bull-bear" market cycle indicator has shifted back toward a bearish outlook. This index analyzes ETF demand, trader activity, and exchange flows. Currently, CryptoQuant data shows that investors who bought Bitcoin 6-12 months ago are returning their assets to exchanges, further increasing selling pressure.
