Bitcoin faces a crucial juncture, its lowest level in two years, that could determine whether the rally continues or a pullback occurs.

Bitcoin rose approximately 10% this week, breaking through $72,000. Analysts point out that it is currently approaching the key "bullish/bearish" price range of $73,750 to $74,400. This area has served as a major turning point for the market multiple times over the past two years: the ETF-driven rally in the first quarter of 2024 stalled here, subsequently pulling back to around $50,000; while last April, this range acted as the end of a downtrend, supporting prices that subsequently surged to $126,000. Analysts indicate that a decisive break above this range would release a strong bullish signal; failure to do so could confirm that the overall downtrend since last October still dominates the market. (CoinDesk)