Market expert Frank Cappelleri has identified a pivotal threshold for Bitcoin to re-enter a robust “risk-on” phase. He asserts that for $BTC to confirm an upward trend, it must reclaim the $75,000 mark.
Cappelleri’s technical review indicates that Bitcoin has bounced back from a recent low of approximately $60,000 and is now testing the $75,000 territory. He observes that this movement resembles a “cup-and-handle” formation on price charts, similar to what was noted between November 2025 and January 2026. However, he cautions that the breakout in January was fleeting and followed by a return to downward momentum.
The analyst emphasizes that the recent rebound signals healthier trends from a technical standpoint. Notably, he points out how the Relative Strength Index (RSI) has risen from oversold conditions up to around 60. Nevertheless, he highlights that the RSI hasn’t yet entered overbought territory and stresses that maintaining an upward trajectory necessitates ongoing strong price movements.
Cappelleri also underscores the significance of Bitcoin trading above its 50-day moving average (50-DMA). Historically, recoveries above this level have triggered swift price surges—propelling Bitcoin from below $75,000 all the way up to $126,000. Conversely, failed breakouts have led to sharp downturns as well; thus it remains crucial to observe how prices behave relative to this average moving forward.
<pFurthermore, Cappelleri notes that reaching or surpassing the $75,000 level holds both psychological and technical importance since it represents the neckline of a significant bearish pattern previously breached. A successful move beyond this point could indicate renewed market risk appetite.
<pIn addition to these factors, Bitcoin’s performance compared with the S&P 500 is showing signs of recovery too. The analyst mentions how $BTC/SPX ratio is bouncing back from oversold levels—a historical indicator often preceding bullish phases for both cryptocurrencies and equities alike. However，the limited pullback in S&P 500 suggests we are not yet fully assured of this scenario unfolding.
In summary，Cappelleri concludes by stating that regaining control over the $75，000 threshold represents an essential first step in determining Bitcoin’s future direction.
*This content does not constitute investment advice.