en.bitcoinsistemi.com
Market analyst Frank Cappelleri pointed to a critical level for Bitcoin to re-enter a strong “risk-on” environment. According to the analyst, $BTC regaining the $75,000 level will be decisive in confirming the uptrend.
According to Cappelleri’s technical analysis, Bitcoin has recovered from a low of around $60,000 in recent weeks, testing the $75,000 range. The analyst notes that this movement has formed a “cup-and-handle” pattern on the charts, recalling a similar structure seen between November 2025 and January 2026. However, he argues that the breakout in January was short-lived, and the price has since re-entered a downtrend.
Cappelleri stated that the recent recovery has given healthier signals from a technical perspective, particularly highlighting the positive impact of the Relative Strength Index (RSI) rising from the oversold region to the 60 level. However, the analyst noted that the RSI has not yet reached the overbought region, emphasizing that a sustained upward trend requires continued strong price action.
According to the analysis, Bitcoin’s performance above its 50-day moving average (50-DMA) is also critically important. In the past, recovering from this level has led to rapid price increases, taking Bitcoin from below $75,000 to $126,000. However, unsuccessful breakouts have also resulted in sharp declines. Therefore, whether the current momentum is sustainable will become clear with the price behavior above this average.
Cappelleri also stated that the $75,000 level is not only psychologically significant but also technically critical, as it is the neckline of a major bearish pattern that was previously broken. A break above this level could signal a renewed increase in risk appetite in the markets.
On the other hand, Bitcoin’s relative performance to the S&P 500 is also showing signs of recovery. According to the analyst, the $BTC/SPX ratio is recovering from the oversold region, and historically, such lows have signaled the beginning of strong bullish periods for both Bitcoin and stock markets. However, the fact that the S&P 500 has only experienced a limited pullback from its peak indicates that this scenario has not yet been fully confirmed.
In conclusion, Cappelleri states that the first and most critical step in clarifying the direction for Bitcoin is the recapture of the $75,000 level.
*This is not investment advice.