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According to the analyst, since the ceasefire announcement, Bitcoin has attempted three times to break through this level.
However, each attempt ended with a rise that faded within a few hours.
At this stage, the analyst stated that for Bitcoin and the overall market, including altcoins, to enter an upward trend, $BTC it is necessary to surpass the $75,000 mark.
Kupcykevich noted that repeated rejections at the $73,000 level are an obstacle that must be overcome before Bitcoin's rally can continue.
Similarly, Mike Novogratz claims that for Bitcoin to reach the $80,000 level and continue its growth, it first needs to break through and stay above $74,000.
Novogratz stated: “A breakout above these levels could create a new wave of optimism and restart the upward trend.”
In addition to Bitcoin, Alex Kupcykevich also studied Ethereum ($ETH).
The analyst stated that Ethereum has a similar structure and that the price $ETH is also moving within a similar range.
The analyst characterized Ethereum’s recent movements as market volatility in a consolidation zone between $2,000 and $2,400, saying: “A breakout $ETH beyond this calm consolidation zone will signal the start of an upward movement.”