Top Analyst Reveals the Level That Will Launch the Real Bullish Move for Bitcoin (BTC)!
Bitcoin ($BTC) continues its struggle to rise above $70,000 as the US-Iran conflict continues at full speed.
At this point, the market is awaiting the end of the five-day deadline given by US President Donald Trump to Iran. Yesterday, Trump announced a five-day pause in operations targeting Iran’s energy infrastructure.
At this point, analysts predict that Bitcoin’s direction will depend on events that occur at the end of this period, while one senior analyst pointed to the $75,000 level for $BTC to enter an upward trend.
Speaking to CoinDesk, FxPro’s chief market analyst, Alex Kuptsikevich, stated that while Bitcoin may continue to recover amid geopolitical uncertainty, a sustained move above $75,000 is necessary for a full-fledged bull market.
While the upward movement is encouraging for bulls, according to the analyst, the real test for $BTC will be around $75,000.
This level is very critical for Bitcoin and has been a significant turning point at least twice in the last 12 months. During the March-April 2025 decline, Bitcoin lost its downward momentum around $75,000, and the rally in early 2024 also encountered resistance here. Furthermore, $75,000 corresponds to retracement levels according to the important Fibonacci pattern.
At this point, the Fxpro analyst believes that Bitcoin needs to break above $75,000 to confirm its transition to a bull market.
“While Bitcoin may not immediately benefit from the upward momentum and increase its gains, its ability to remain at current high levels indicates confidence among bulls. They are gradually developing a more optimistic outlook.”
However, it would be too early to say the downtrend is over until prices break above $75,000, where the March turning points and the 61.8% Fibonacci retracement level resulting from the January-February decline are concentrated.
*This is not investment advice.
