“Bull Market Coming Soon”… Bitcoin Sets Sights on $75,000

▲ Bitcoin (BTC)

Bitcoin (BTC) temporarily reclaimed the $70,000 level. At the same time, its market capitalization surged by $30 billion in a single day, igniting a strong rebound after a prolonged downturn.

According to cryptocurrency-focused outlet BeInCrypto on February 15 (local time), the total global crypto market capitalization increased by $30 billion over the past 24 hours to reach $2.38 trillion, entering a stable recovery phase. As Bitcoin successfully secured the psychological support level of $70,000, overall market volatility has eased and buying pressure is gradually flowing in. Experts interpret this consolidation phase as a short-term balance that could serve as a stepping stone for further gains.

Bitcoin is firmly reinforcing its key support levels, and settling above $70,000 is considered a decisive milestone that could determine the short-term trend. If Bitcoin maintains this range, a full-scale rally toward $75,000 may become possible. Should buying pressure strengthen further, Bitcoin could quickly recover recent losses and build strong momentum to restore investor confidence.

In the Ethereum (ETH) market, significant capital inflows are also signaling positive momentum. BitMine recently took advantage of market volatility to acquire approximately 20,000 ETH worth about $41.98 million, expanding its Ethereum holdings. The firm is reportedly aiming to secure 5% of Ethereum’s total circulating supply and currently holds more than 4.29 million ETH. Such aggressive accumulation by major institutions reflects confidence in Ethereum’s intrinsic value and expectations for future price appreciation.

In the altcoin market, STABLE has entered a stabilization phase after plunging 43% over the past week, followed by a rebound of more than 9%. The token continues attempting to break through the $0.0189 resistance level, and a successful breakout could open the way to a recovery toward $0.0225. However, with buying pressure still relatively weak, maintaining support at $0.0165 is expected to be crucial in determining short-term performance.

Overall investor sentiment in the digital asset market is recovering, but the pace of capital inflows remains moderate, indicating that additional momentum is needed. If total market capitalization surpasses $2.45 trillion, a broader recovery is likely to accelerate. Conversely, if selling pressure resumes, there is a risk of falling back to the $2.3 trillion level. Investors should closely monitor whether Bitcoin maintains the $70,000 level and track institutional fund flows while preparing cautious strategies to navigate ongoing volatility.

Disclaimer: This article is for investment reference only and we are not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only.