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Analysis: Bitcoin approaches the key level of $75,000, a new round of upward trend may begin
btc-42">Bitcoin is approaching the key resistance level of $75,000, with several analysts stating that this level could mark the turning point for the market from consolidation to a new upward trend.
Mati Greenspan, founder of Quantum Economics, pointed out that if BTC can effectively hold above $75,000, it would signify a structural breakthrough and could attract new funds into the market; however, if it fails to maintain this level, it may form a "bull trap," although there is still strong support around $65,000.
Coinmetro CEO Kevin Murcko stated that round numbers like $75,000 are usually areas where traders concentrate their bets, making it easy to trigger profit-taking and buying-selling discrepancies.
Analysts further noted that if a breakout is confirmed, BTC is expected to rise to the $85,000 range, but the upward potential still depends on factors such as the macro environment, ETF fund inflows, and market liquidity.
Meanwhile, there are also views that $75,000 is more of a psychological barrier, and true structural confirmation may require holding at a higher level.
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