$74K Bitcoin Local Peak? Traders Divided on Next Move

Bitcoin traded about 4.5% below the $74,000 high reached on Thursday, leaving traders divided over whether that level marked a local peak. Charts still show similarities to the 2022 bear cycle, suggesting another leg down below $60,000 is possible, while others say the bottom is in and expect a breakout rally to $75,000–$80,000.

Some analysts point to a repeating pattern: the latest rise to $74,000 came 149 days after the bull market peak of $126,000 in October 2025. “$BTC made a local high around 140–150 days after its all-time high in the previous two cycles before pushing lower,” wrote Bitcoin Hyper.

Pseudonymous trader Bitcoin Isaiah called the rally a "perfect local top indicator," citing the 2022 collapse from $48,200 to $15,500 and warning of a possible revisit to sub-$60,000 levels.

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