Bitcoin hit a one-month high above $75,000 in early US trading hours on Tuesday, up 6% over the past 24 hours to $75,300.
The move is drawing increasing attention from analysts, who told CoinDesk that the level could mark a key change in the current market structure.
“A clean break above $75,000 would not simply be a new move higher; it would represent a structural break from consolidation and would likely move the market into a new uptrend,” said Mati Greenspan, founder of Quantum Economics and former senior market analyst at eToro.
Greenspan said the importance of surpassing the $75,000 level lies less in a brief move on it and more in whether Bitcoin can sustain these gains.
“The key question is not whether we will briefly trade above $75,000, but whether we can hold it,” Greenspan said, noting that acceptance above that threshold would signal strength and attract new capital.
A disadvantage would in any case be limited
However, he added, failure would risk turning the move into a bull trap, even if the overall market structure remains strong. He also believes that even in a negative scenario, the decline would likely be limited due to existing established support. “If this doesn’t hold, we will still have strong support at $65,000.”
Kevin Murcko, crypto analyst and founder and CEO of crypto exchange Coinmetro, said round levels like $75,000 can serve as focal points for market participants and could create a bid as investors who recently took positions look to take profits.
“Traders, especially those who are not very experienced, usually trade around round numbers,” Murcko said, adding that levels such as $25,000, $50,000 and $75,000 tend to attract buying and selling interest.
Whether Bitcoin can decisively move above that level will depend on the broader context of the moment, including the news flow driving the markets, Murcko said.
“In most cases, if we see news pushing the price to around $75,000, that same momentum can push it through,” Murcko said, emphasizing that price levels alone are less important than the balance of supply and demand and the strength of buying pressure.
BTC could reach $85,000
Han Tan, chief market analyst at Bybit Learn, said bitcoin is now re-entering a key battleground between the bulls and bears, with the $75,000 zone acting as strong resistance in recent weeks.
He believes that a significant breakout above this level would bring marginalized buyers back into the market and potentially pave the way for a rise towards the mid-$80,000 level. However, Tan said such gains would likely depend on a favorable macroeconomic backdrop, including an easing of geopolitical tensions and continued ETF inflows.
Other analysts, however, believe that $75,000 may be more of a psychological step than a true structural pivot.
Dessislava Ianeva, analyst at Nexo Dispatch, said that while a move above $75,000 could attract momentum buyers, stronger confirmation would come at higher levels.
She said, “$75,000 is psychologically significant, but $79,000 is the level that matters structurally,” pointing to the 100-day moving average and a prior rejection zone. Ianeva also said a sustained move above around $74,000 on a daily closing basis would provide an early signal that the breakout has “structural legs.”
The market intelligence research analyst noted that the current market positioning appears relatively stable, reducing the likelihood of a sharp reversal. Funding rates remain moderate and bitcoin has absorbed recent selling pressure, including exchange-traded fund (ETF) outflows, without falling, behavior not typical of a market on the verge of a major pullback.
US Spot Bitcoin ETFs only saw inflows in March, when these investment instruments saw $1.32 billion in net inflows, ending a four-month outflow streak.
Change Bitcoin behavior
Broader structural changes in the market could also alter bitcoin’s behavior during the current cycle, according to Jason Fernandes, market analyst and co-founder of AdLunam.
“Bitcoin does not trade as a purely retail-driven cycle,” Fernandes said, citing persistent ETF inflows, reduced free float and stronger holder cohorts.
Fernandes said that while BTC can still see sharp declines during liquidity shocks, it tends to rally based on expectations regarding central bank policy and liquidity conditions, often ahead of traditional risk assets.
“Rising oil prices and geopolitical tensions are keeping inflation expectations high and delaying policy easing,” he said. “This tightens financial conditions in the short term, but once real yields increase or liquidity stabilizes, crypto tends to revalue quickly and typically before traditional risk assets.”
