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I just noticed that Bitcoin is once again hitting that price zone of the cryptocurrency we've all been watching. It has risen nearly 10% this week and is around $74K, driven by ETFs. But here’s the interesting part: it’s approaching a level that has been decisive over the past two years, between $73,750 and $74,400.
Looking back, I remember that in Q1 of 2024, people talked a lot about this range as strong support. Then in April of last year, it was where the bearish rally that started from $100K ended. The cryptocurrency’s price has bounced off these levels several times, but it has also broken through them. The important thing now is to see if Bitcoin manages to decisively break above or if it gets trapped.
If it does, we would be seeing a serious bullish push. If not, the downward trend that began in October would remain in control. So these upcoming days will be critical in watching how the cryptocurrency’s price moves in that zone. Personally, I’m paying close attention to every move.