BTC must secure $75K to turn bullish, says analysis

While Bitcoin has continued to rebound amid geopolitical uncertainty, it must secure a position above $75,000 to transition into a full-fledged bull market, according to an analysis by CoinDesk. The publication noted that Bitcoin temporarily recovered the $71,000 mark after President Donald Trump delayed the bombing of an Iranian power plant by five days, creating expectations for negotiations. Geopolitical tensions later escalated again after Iran denied the negotiations and Israel continued its military actions. Despite this, BTC has maintained its upward momentum, rising approximately 4.5% yesterday. Major altcoins such as ETH, XRP, and SOL also posted gains. The analysis highlights that the market views the $75,000 level as a crucial pivot point, as this range has historically acted as a reversal zone and is a concentration of major Fibonacci retracement levels and technical resistance.