Bitcoin (BTC) has reclaimed the $74000 price level after making multiple failed attempts over the last month. The crypto market saw quite a push over the weekend, with most asset’s following BTC’s upswing. According to CoinGecko’s Bitcoin data, BTC’s price has surged 0.6% in the last 24 hours, 6.7% in the last week, 8.4% in the 14-day charts, and 6.6% over the previous month. Let’s discuss why holding the $74k price level is vital for BTC to enter another bullish phase.
Can Bitcoin Hold On To The $74000 Price Level?
Bitcoin (BTC) struggled to breach past the $73,000-$74,000 price level for the last month. The asset faced multiple rejections at this price level. However, the latest upswing has proven successful, bringing much needed relief to investors. The $74,000 price level seems to have substantial resistance. Breaking past this resistance level paves the path for BTC to reclaim the $80,000 mark.
However, Bitcoin (BTC) is showing some signs of slowing down. The asset climbed to $75,000 earlier today, March 17, 2026, but has since lost some momentum. The development could be a sign of another rejection. Bitcoin’s (BTC) recent upswing may have been due to the possibility of a de-escalation of the US-Iran conflict. The rally may have also been triggered by the US removing certain sanctions against Russian oil, in an attempt to stabilize global energy markets.
Also Read: Veteran Investor Says Bitcoin’s Worst Sell-Off May Be Over
Bitcoin (BTC) ETF inflows have also picked up momentum over the last few days. According to Farside Investors, BlackRock’s IBIT Bitcoin ETF has seen six consecutive days of inflows. The development could signal the coming of a potential bullish breakout.
Despite the rally, the crypto market is still quite fragile and volatility is still high. Bitcoin (BTC) may see another price correction if investor risk appetite dips, or if market participants begin to book profits.