Bitcoin (BTC) traders, alert: The rally is nearing a two-year 'make or break' price zone
CoinDesk
Bitcoin is approaching a critical $73,750-$74,400 zone that has historically acted as a major market turning point.Summary
Bitcoin (BTC) is surging, trading above $72,000 and approaching a significant price range between $73,750 and $74,400, which has served as a pivotal turning point over the last two years. In early 2024, this zone acted as resistance where an uptrend stalled, leading to a drop toward $50,000. Conversely, in April last year, it marked the exhaustion of a downtrend, leading to new highs. Although this area was recently cited as strong support before being breached last month, it is now the key battleground again. A decisive break above this zone would signal strong bullish momentum, while failure to breach it suggests the broader downtrend from October remains in control.
(Source：CoinDesk)