Bitcoin pulls back as $75,000 remains 'both the milestone and the ceiling'
CoinDesk·2d ago·Neutral
What Happened
Bitcoin pulled back to $73,900 after briefly approaching $76,000, with $75,000 remaining a key resistance level. Market makers rebalancing positions contributed to volatility. Analysts note the level is both a milestone and ceiling; breaking above it would extend gains. Altcoins XRP, ETH, and SOL declined 2% or more. Ethereum's onchain activity improved, pushing the ether-bitcoin ratio to 0.032, its highest since January 31.
Key Entities
BitcoinCoinDeskMarexEthereumXRPSolana$75,000 resistance levelether-bitcoin ratio