BTC must top $75K for altcoins to turn bullish, says analyst

Major altcoins are showing weakness as Bitcoin has failed three times to break out of its $70,000 to $73,000 range, CoinDesk reported. Alex Kuptsikevich, an analyst at FxPro, said that Bitcoin needs to surpass at least $75,000 for the broader market, including altcoins, to enter a bullish phase. Similarly, Mike Novogratz suggested that Bitcoin must secure a foothold at $74,000 before it can break through the $80,000 level.