Bitcoin is recovering its losses by surpassing $72,000.

Bitcoin Rallies After Decline

The leading cryptocurrency Bitcoin traded above $72,000 during the Asian session, recovering a significant portion of the losses incurred during the sharp fluctuations of the past weeks. Bitcoin reached a high of $72,217.50 and ended the day trading at $71,062.94, closing yesterday with a gain of %0.57.

Current Situation After Last Week's Decline

Last week, on Thursday, Bitcoin fell to $60,033, marking its lowest level since October 2024. However, on Friday, it surpassed the $70,000 threshold, regaining investor confidence.

Ethereum and Market Trends

The other major cryptocurrency, Ethereum, is currently trading at $2,089.43 after a %0.18 drop yesterday. However, a balancing trend is observed in the overall market. Experts note that the $60,000 level serves as a strong support point and that the $75,000 level is a critical threshold indicating the end of the bearish market.

Market Analyses and Investor Trends

Market analysts believe that the recent sharp sell-offs indicate that speculative bubbles have been cleared, and the market is now on a more solid ground. On February 6, the investment inflow of $221 million into Bitcoin ETFs in the U.S. suggests that investors viewed the pullback as a buying opportunity.

Potential Upswing and Targets for Bitcoin

According to another expert analyst, Bitcoin has the potential for an upswing towards the $73,000-$75,000 range as long as it stays above its 200-week moving average of $58,000. If this range is exceeded, it is estimated that Bitcoin could rise to $81,000 with new momentum.