Analysis: Bitcoin approaches the two-year critical "bull-bear dividing line" range; whether it breaks through or not may determine the future market direction.

GateNews

2026-03-05 08:06:00

BTC-2,96%

ChainCatcher reports that, according to CoinDesk analysis, Bitcoin has risen about 10% this week to above $72,000, briefly surpassing $73,900 during the session, approaching a key price range—approximately $73,750 to $74,400—that has seen multiple significant turning points over the past two years.

This range previously suppressed upward momentum in Q1 2024 and marked the end of a downtrend in April 2025. A decisive breakout above this zone would signal a new bullish trend; failure to break through could confirm that the overall downtrend that began last October is still ongoing. Traders should closely monitor price movements in the coming days.

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