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Analysis: Bitcoin approaches a key "bull-bear watershed" range not seen in two years, and whether it breaks through may determine the direction of the market
According to CoinDesk analysis, Bitcoin has risen about 10% this week to above $72,000, briefly breaking through $73,900 during the day, and is approaching a key price range that has seen significant turning points multiple times over the past two years—approximately $73,750 to $74,400.
This range previously suppressed upward trends in the first quarter of 2024 and marked the end of a downward trend in April 2025. If Bitcoin can decisively break through this range, it will signal a new bullish momentum; if it fails to break through, it may confirm that the overall downward trend that began last October is still ongoing. Traders need to closely monitor price movements in the coming days.
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