The key support level at $ 74,000 determines Bitcoin Bull or Bear Future

Since January 31, bitcoin (btc) has experienced a significant correction, with the leading cryptocurrency of chopped to 27.52%.

Currently valued around $ 79,000, the price of bitcoin is precariously balanced above a crucial support level called “the magic line”, which is established at $ 74,000, is essential to determine the market trajectory: abrupt or bassist.

A historical shock absorber against bears markets

In a recent one <a target="_blank" href="https://x.com/DrProfitCrypto/status/1899065853804462586″ target=”_blank” rel=”nofollow”>publication on social networks In x (previously twitter), the market of the market market, Profit, emphasized that “the magic line” was placed at $ 74,000 in its analysis is not only a number, but a key indicator of the feeling of the market.

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According to the expert, this line has historically acted as a buffer against the conditions of the bearish market. For example, during the 2020 market correction, bitcoin remained above this support level to a Bear market It was confirmed. The doctor's gain states: “Mass correction, even 30-50%, does not mean a bearish market.”

This market volatility is exacerbated by <a target="_blank" href="https://edition.cnn.com/2025/03/10/investing/us-stocks-drop-after-trump-says-he-wont-rule-out-a-recession/index.html” target=”_blank” rel=”nofollow”>Fears of a recessionPartially promoted by the aggressive tariff policies of President Donald Trump aimed at countries such as China, Canada and Mexico.

These actions have turned on concerns about a possible commercial war, further damping the feeling of investors and leading to a more risky assets, including cryptocurrencies.

However, btc is not alone in this downward trend. Pares such as ethereum (eth), XRP, Solana (Sol) and Cardano (ADA), have also followed bitcoin's lead in this regard, experiencing 10%, 6%, 5% and 6% of falls respectively in the 24 -hour period.

Optimal bitcoin entry point between $ 52,000 and $ 60,000?

In another recent one <a target="_blank" href="https://x.com/DrProfitCrypto/status/1899281447447412772″ target=”_blank” rel=”nofollow”>mail On the x Social Network Platform, Dr. Profit discussed a possible recession scenario, suggesting that the optimal entry point for investors could be between $ 52,000 and $ 60,000.

This prognosis implies a worrying potential fall of another 34% of $ 79,000 towards the worst case for the price of btc at $ 52,000 if this occurs, increasing concerns between merchants and investors equally.

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The doctor's gain remains attentive, monitoring not only bitcoin movements but also the influence of the stock market on crypto prices. He has set his look in a short critical position with an objective level of profits (TP1) aligning with the magical line.

“If bitcoin bounces hard, I will enter again,” said the market expert. Dr. Profit concluded his analysis by saying that “if it shows weakness, I will remain in cash and look for lower tickets between $ 50,000 and $ 60,000.”

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While finding at least one temporary support point in the $ 79,460 brand, the largest digital asset, btc, has dropped 14% in the last two weeks, reaching its lowest level since November 2024.

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