Bitcoin hits $75,000; analysts see fractal signaling parabolic rally ahead
Bitcoin hits $75k. Analyst sees “1974 gold” fractal with $62k line before $226k target
Bitcoin tapped $75,000. Analyst Merlijn says BTC just printed the “most powerful” fractal in markets now. Glassnode sees spot buying return and shorts building.
Tensions between the U.S. and Iran didn’t cap the move. BTC still pushed to $75k yesterday, per Bitcoinist. Source. Veteran trader Peter Brandt said price could clear $80k short term. Post.
Merlijn compares BTC to gold’s 1974 three-wave, Fibonacci extension, then parabolic run. He says BTC shows the same structure now. Post.
Key trading levels and triggers:
- $62,000 is the “last line” before the Fibonacci extension opens
- Above $62,000, the Fibonacci target points to $226,000
- Lose $62,000, and the fractal likely makes one more low first
Liquidity view stays bullish, per Merlijn. He notes global M2 is expanding, and BTC re-entered a green accumulation zone. A hold above $74,000 confirms the liquidity cycle. A drop below $65,000 implies one more compression, then upside. Post.
Market structure is stabilizing, says Glassnode. Spot CVD flipped decisively positive, signaling aggressive spot demand. Report.
Derivatives show rising engagement. Futures open interest edged higher as futures CVD rose. Funding moved further negative, indicating persistent short positioning. Report.
ETF interest renewed, but total ETF trading volumes cooled from prior highs. Report.
On-chain activity remains muted. Active addresses dropped below their lower band. Transfer volumes improved modestly but stayed subdued. Fee volume held stable. Report.
Geopolitics remain a watch item. Bitcoinist links the move with U.S.–Iran tensions backdrop. Analysis.
