BTC must reclaim $75K to resume uptrend, CNBC reports

While Bitcoin has shown relative strength against major risk assets in recent weeks, reclaiming the $75,000 level is a key turning point for a full-fledged uptrend, CNBC reported. The outlet noted that Bitcoin appears to be forming a cup-and-handle technical pattern, similar to one seen from November 2025 to mid-January 2026. However, a breakout attempt from that previous pattern failed within about two days, leading to a three-week decline. The recent rebound began from an oversold condition, with the Relative Strength Index (RSI) rising to the 60 level at one point this week. While this is a positive technical signal, it does not yet indicate overbought conditions. Price action around the 50-day moving average (50-DMA) is also cited as a key variable for the short-term trend. Historically, after reclaiming this indicator in April 2025, Bitcoin rallied from below $75,000 to around $126,000. Conversely, when a subsequent uptrend pattern failed to hold the 50-DMA, a further correction of about 39% occurred.