PANews reported on March 5th that, according to CoinDesk analysis, Bitcoin rose approximately 10% this week to above $72,000, briefly breaking through $73,900, PANews reported on March 5th that, according to CoinDesk analysis, Bitcoin rose approximately 10% this week to above $72,000, briefly breaking through $73,900,

Analysis: Bitcoin is approaching a key two-year "bullish/bearish dividing line" range; whether it breaks through or not may determine its future direction.

2026/03/05 16:03
1 min read
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PANews reported on March 5th that, according to CoinDesk analysis, Bitcoin rose approximately 10% this week to above $72,000, briefly breaking through $73,900, and is approaching a key price range of approximately $73,750 to $74,400—a range that has seen significant turning points multiple times over the past two years. This range previously suppressed the upward trend in the first quarter of 2024 and also marked the end of the downtrend in April 2025. A decisive breakout of this range would signal new bullish momentum; failure to do so could confirm that the overall downtrend that began last October continues. Traders should closely monitor price movements in the coming days.

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