Bitcoin (BTC) and major altcoins jumped after headlines confirmed a ceasefire between the US and Iran ๐๐๏ธ.
Despite the initial momentum, BTC struggled once again to break past the $73,000 mark โ marking its third failed attempt since the announcement โ ๏ธ๐
This $73K zone has consistently acted as a strong resistance level throughout every upward move since tensions with Iran began in late February ๐
Even with the rejection, analysts point out that Bitcoinโs pullback has been relatively mild. In fact, BTC just recorded its strongest weekly performance since the conflict started, gaining around 7% over the week ๐๐ฅ
Experts now believe that a decisive break above $75,000 is crucial for the market to truly enter a bullish phase ๐
In an interview with , FxPro analyst highlighted that the $73K level remains a key barrier for Bitcoin.
According to him, BTC has tested this resistance three times since the ceasefire news, but each breakout attempt quickly lost strength and faded within hours โณ
He emphasized that for Bitcoin โ and the broader crypto market โ to establish a clear uptrend, the price must push beyond $75,000. Repeated rejections near $73K continue to hold the market back from further gains ๐ง
Meanwhile, shares a similar outlook. He believes Bitcoin needs to break above $74,000 and maintain that level to build enough momentum toward $80,000 ๐ก
โOnce those levels are cleared, we could see a fresh wave of optimism that reignites the uptrend,โ Novogratz explained ๐โจ
Kuptsikevich also analyzed , noting that ETH is showing a similar pattern to Bitcoin.
According to him, Ethereum is currently fluctuating within a consolidation range between $2,000 and $2,400 ๐
He added that a breakout above this range could be the trigger for Ethereumโs next upward move ๐๐ #BTC #ETH
