The $75000 line in the sand: What it’ll take for bitcoin to go “full bull”

By Omkar Godbole (All times ET unless indicated otherwise)

Cryptocurr Bitcoin $BTC$71,238. However, despite the geopolitical whiplash, 09 and the wider crypto market are growing in popularity. The resilience is impressive, but a bullish trend change needs to be hard-pressed above $75,000.

President Donald Trump announced a five-day delay in strikes on Iran Monday, saying talks are underway. That cooled markets and brought bitcoin to more than $71,000 with over-$71,000. This optimism was not long enough for the spokesman, . Iran resisted talks, and Israel continued its attacks on the country, which responded by attacking Tel Aviv overnight overnight.

Nevertheless, bitcoin was holding steady and will be hoping to extend yesterday’s 4 by another four-year-old. a surge of 47 per cent, the largest since March 4 and is fourth highest in s. As is the case with a 24-hour jump of 4% in the CoinDesk 20 Index, Ether ($ETH), $XRP ($XPR) and solana ($SOL) follow $BTC’s lead.

While the move is a positive test for bulls, it will be about $75,000 — one of the biggest turning points in the last 12 months at least twice. The March-April 2025 slide ran out of steam at around $75,000, while the early 2024 rally was resisted there. In addition, $75,000 is equivalent to major Fibonacci retracement levels of .

Despite the fact that the top cryptocurrency did not immediately capitalize on the upward momentum and increase its gains, “just staying at these high levels now means confidence among bulls.” Alex Kuptsikevich, chief market analyst at the FxPro said in an email that they are slowly developing a more optimistic outlook.

Yet it would be premature to say the end of this trend is coming down until prices go above $75K, where the March pivot points and the 61-yearsold are at their lowest. It is concentrated on the level of Fibonacci retracement (8%) from the January-February decline that has been associated with this term. , “It’s a phrase that says.

A convincing move above $75,000 would confirm a bull revival, in other words, “bull.” Solana’s $SOL token, which is trading near $90, could be a star performer in that case.

Sol is the more bright spot for ,’ he said in a statement. It is a statement that risk appetite is not dead, it’s showing near 91$ to . But the longer term is about making Sol tradable for larger pools of capital, not just faster for retail,” Marex’s research team, led by crypto trading analyst Louis De Backer, said.

Meanwhile, demand from crypto investors for traditional assets is urging exchanges to expand their offerings with a race underway that will see 24/7 stock perpetual futures. Today, OKX announced the launch of more than 20 equity perpetual swaps — giving traders round-the-clock access to some of the world’s most popular stocks.

The focus is still on volatility in U.S. currency in traditional markets, where . S S. In the near term, Treasury yields could be a way to limit upside in risk assets. However, sustained volatility may prompt the Federal Reserve to intervene over time and potentially set the stage for a stronger risk-on environment. Keep up alert!

Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today

What to Watch

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.

• Crypto

• Nothing scheduled.

• Macro

• March 24, 8:15 a.m.: U.S. ADP Employment Change Weekly (Prev. 9K)
• March 24, 945 a + march 24. m, ? Paraphrasing U.S. S S. A March (Prev) PMI Flash for S&P Global Composite PM I Flash is a with the same name. 51 . Manufacturing PMI (Prev) 9); Manufacturing PI(Prec. 51. 51, SERVICES PMI (Prev) 6); Services PM I (prev). 51. 51, 7 s).
• March 24 630 p) + march 24, 630. m,. The is Fed Gov. National Community Investment Conference, Phoenix — Michael Barr Speech on “Economic Outlook and Communities Development”.

• Earnings (Estimates based on FactSet data)

• March 24: GameStop (GME), post-market, $0.31

Token Events

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.

• Governance votes & calls

• StakeDAO’s dSPECTRA is voting on the weight allocation of Spectra gauge for March 26 to April 1, 2026. It ends March 24 at Voting, .
• March 24: Axie Infinity to host a Lunacian lounge with updates on what’s ahead for the ecosystem.

• Unlocks

• No major unlocks.

• Token Launches

• No major launches.

Conferences

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.

• Day 2 of 7: Polish Blockchain Week (Warsaw)
• Day 1 of 3: Digital Asset Summit 2026 (New York City)

Market Movements

• $BTC

is up 0.57% from 4 p.m. ET Wednesday at $71,224.20 (24hrs: +4.30%)

• $ETH

is unchanged at $2,159.68 (24hrs: +5.85%)

• CoinDesk 20 is up 0.34% at 2,046.50 (24hrs: +4.15%)
• Ether CESR Composite Staking Rate is down 2 bps at 2.81%
• $BTC

funding rate is at 0.0063% (6.8602% annualized) on Binance

• DXY is up 0.34% at 99.29
• Gold futures are up 0.28% at $4,416.60
• Silver futures are up 1.44% at $70.04
• Nikkei 225 closed up 1.43% at 52,252.28
• Hang Seng closed up 2.79% at 25,063.71
• FTSE 100 is down 0.20% at 9,874.59
• Euro Stoxx 50 is down 0.47% at 5,548.16
• DJIA closed on Monday up 1.38% at 46,208.47
• S&P 500 closed up 1.15% at 6,581.00
• Nasdaq Composite closed up 1.38% at 21,946.76
• S&P/TSX Composite closed up 1.81% at 31,883.81
• S&P 40 Latin America closed up 2.07% at 3,222.70
• U.S. 10-Year Treasury rate is down 6 bps at 4.33%
• E-mini S&P 500 futures are down 0.18% at 6,623.00
• E-mini Nasdaq-100 futures are down 0.10% at 24,383.75
• E-mini Dow Jones Industrial Average futures are down 0.23% at 46,415.00

Bitcoin Stats

• $BTC

Dominance: 59.12% (0.07%)

• Ether-bitcoin ratio: 0.03033 (-0.06%)
• Hashrate (seven-day moving average): 983 EH/s
• Hashprice (spot): $33.61
• Total fees: 2.45

$BTC

/ $171,175

• CME Futures Open Interest: 116,490

$BTC

• $BTC

priced in gold: 16.1 oz.

• $BTC

vs gold market cap: 4.75%

Technical Analysis

Ether’s daily chart (TradingView)

• The chart shows ether’s daily price swings in candlestick format since May 2025.
• The

$ETH

price appears stuck in a choppy back-and-forth trading range, within a broader bearish trend.

• A potential move past $2,440 would confirm a dual breakout, signaling a bullish shift.

Crypto Equities

• Coinbase Global, Inc. (COIN): closed on Monday at $200.62 (+1.58%), +0.78% at $202.18 in pre-market
• Galaxy Digital (GLXY): closed at $21.70 (+4.73%), +0.28% at $21.76
• MARA Holdings, Inc. (MARA): closed at $8.91 (+5.32%), +0.56% at $8.96
• Riot Platforms, Inc. (RIOT): closed at $14.37 (+7.40%), +0.42% at $14.43
• Core Scientific, Inc. (CORZ): closed at $16.58 (+4.87%), –0.18% at $16.55
• CleanSpark, Inc. (CLSK): closed at $9.98 (+6.17%), +0.50% at $10.03
• Exodus Movement, Inc. (EXOD): closed at $8.12 (+10.03%), unchanged in pre-market
• CoinShares Bitcoin Mining ETF (WGMI): closed at $39.40 (+4.56%), +0.15% at $39.46
• Circle Internet Group (CRCL): closed at $126.64 (+0.48%), –0.39% at $126.15
• Bullish (BLSH): closed at $39.55 (+4.16%), –0.96% at $39.17

Crypto Treasury Companies

• Strategy (MSTR): closed at $138.20 (+1.87%), +0.61% at $139.04
• Strive Asset Management, LLC (ASST): closed at $10.44 (+4.19%), –0.48% at $10.39
• Sharplink, Inc. (SBET): closed at $7.51 (+1.49%), unchanged in pre-market
• Upexi, Inc. (UPXI): closed at $1.17 (+10.38%), +0.85% at $1.18
• Lite Strategy, Inc. (LITS): closed at $1.18 (+0.85%)

ETF Flows

Spot $BTC ETFs

• Daily net flows: $167.2 million
• Cumulative net flows: $56.38 billion
• Total

$BTC

holdings ~1.29 million

Spot $ETH ETFs

• Daily net flows: -$16.2 million
• Cumulative net flows: $11.74 billion
• Total

$ETH

holdings ~5.8 million

Source: Farside Investors

While You Were Sleeping

• Iran sends waves of missiles into Israel, dismisses Trump’s talk of negotiations as ‘fake news’

One day after U. Aviv, Iran hit apartment buildings in the attack on Tel Avr (Reuters) Iran smashed into apartments and struck at Tel Anviv’s address yesterday as it attacked its own country. S, meanwhile. President Trump said he had been “productive discussions about stopping the conflict.”

• Gulf states edge toward joining fight against Iran

U.S The Wall Street Journal (The Wall street journal) . S. Allies in the region have not yet deployed their militaries, a line the Gulf’s rulers have long hoped they would never cross, but pressure rises as Iran threatens to exert more power.

• Balancer Labs will shut down as corporate entity became ‘a liability’ after $110 million exploit

In a statement Tuesday, Balancer Labs — the company that built decentralized finance (DeFi) powerhouse BalanceR — is closing down its own business building chain the firm which was founded by balancer co-founder Fernando Martinelli to close Wednesday. Protocol will restructure as a decentralized autonomous organization (DAO) under the protocol.

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