Bitcoin is approaching the key resistance level of $75,000, and several analysts say this level could be a watershed moment for the market to shift from consolidation to a new upward trend. Mati Greenspan, founder of Quantum Economics, points out that if BTC can effectively hold above $75,000, it will signify a structural breakout and could attract new funds; however, if it fails to hold this level, it could form a "bull trap," although there is still strong support around $65,000. Coinmetro CEO Kevin Murcko states that psychological levels like $75,000 are often areas where traders concentrate their efforts, easily triggering profit-taking and divergent opinions. Analysts further point out that if the breakout is confirmed, BTC could potentially test the $85,000 range, but the upside potential still depends on factors such as the macroeconomic environment, ETF inflows, and market liquidity. Meanwhile, some argue that $75,000 is more of a psychological barrier, and true structural confirmation may require holding above higher levels. (CoinDesk)
Alex
