Bitcoin climbed back above $75,000 on Monday, but the move did not settle the debate. The crypto Fear and Greed Index stayed cautious, with traders asking whether the rally is a dead-cat bounce. The top coin rose more than 2% from a 24-hour low near $73,748 to about $75,431. It later slipped to roughly $74,742. Trading volume jumped 262% to $31.2 billion, according to CoinMarketCap. That kind of activity points to fresh interest, though it does not prove lasting demand.
Relief Rally Meets Skepticism
The rebound came as the broader stock market recovered. Bitcoin had closed five straight weeks in red, and the bounce gave short-term traders some relief. The price also retested a major support area around $73,000. Pseudonymous trader Brick believes Bitcoin has hit its correction bottom and is preparing for a run toward $140,000. That call may prove right, but one trader’s target is not confirmation. The market still needs buyers to show up beyond a single session.
Chart Signals and Trader Targets
On the weekly chart, Bitcoin tested the middle Bollinger Band and the 20-week moving average. Both have acted as support in past cycles. If the weekly Relative Strength Index keeps rebounding, the macro mood could improve. Still, technical levels can fail. The $73,000 zone matters because a clean break below it would weaken the bottom argument. For now, the chart is giving mixed signals, perhaps leaning toward a pause rather than a clear trend change.
ETF Flows Remain a Drag
Spot Bitcoin ETFs in the United States recorded a net outflow of $1.177 billion over the last three weeks, based on SoSoValue data. Those funds held about $95.90 billion in total assets. BlackRock’s iShares Bitcoin Trust had $60.29 billion in net assets at publication time, down more than $400 million last Friday. ETF demand has been a key driver for Bitcoin this year. Renewed inflows could support an uptrend, while continued outflows may cap rallies.
What Comes Next
In the near term, Bitcoin needs to hold above $73,000 and reclaim $75,000 with volume. A failure to do so could invite another test of support. I think the next few sessions will depend on two things: whether stocks stay steady and whether ETF flows turn positive. Monday’s rebound is a start, but it is not proof that the correction is over.
