Bitcoin Tests Key $73,750–$74,400 Zone After ETF-Fueled Rally to $72,000

Bitcoin has risen about 10% this week to trade above $72,000 and briefly touched $73,900 on Wednesday, supported by ETF inflows, CoinDesk data show. The rally is now testing a pivotal band between $73,750 and $74,400 that has marked turning points over the past two years. In Q1 2024, an ETF-driven advance faded near $73,750 before prices fell toward $50,000, while in early April last year a decline from above $100,000 exhausted near $74,400 before bitcoin pushed to new highs above $126,000 in October. Bitcoin slipped through this zone early last month and dropped to nearly $60,000, leaving traders focused on whether the current test will produce a breakout or reinforce the downtrend that began in October.