The level that has capped every rally during the six-week war remains intact, with analysts saying $75,000 needs to break before the market enters a genuine bullish phase. Bitcoin pulled back to $71,843 on Friday after a third attempt to breach $73,000 was met with selling on Thursday, a level that has now rejected the price on every rally since the Iran conflict began in late February. The retreat is modest. Bitcoin is up 7.9% on the week, its strongest weekly performance of the war so far, holding above the 50-day moving average which has turned upward for the first time since the conflict started. Ether held at $2,189, up 6.6% on the week. Solana's SOL gained 5.1% to $83.09. XRP added 2.8% to $1.34. Dogecoin climbed 2.4% to $0.092. The entire top 10 is green on the weekly chart for the
The level that has capped every rally during the six-week war remains intact, with analysts saying $75,000 needs to break before the market enters a genuine bullish phase. Bitcoin pulled back to $71,843 on Friday after a third attempt to breach $73,000 was met with selling on Thursday, a level that has now rejected the price on every rally since the Iran conflict began in late February. The retreat is modest. Bitcoin is up 7.9% on the week, its strongest weekly performance of the war so far, holding above the 50-day moving average which has turned upward for the first time since the conflict started. Ether held at $2,189, up 6.6% on the week. Solana's SOL gained 5.1% to $83.09. XRP added 2.8% to $1.34. Dogecoin climbed 2.4% to $0.092. The entire top 10 is green on the weekly chart for the first time in over a month. But $73,000 is seemingly a wall. The level has capped bitcoin three times since the ceasefire was announced on Tuesday — each attempt producing a rally that faded within hours. The pattern is identical to the pre-ceasefire range, just shifted higher. Instead of grinding between $65,000 and $73,000, bitcoin is now grinding between $70,000 and $73,000. "We will need to wait for the price to rise above $75,000 before we can speak of the market entering an active bullish phase," said Alex Kuptsikevich, FxPro's chief market analyst, in a note