Bitcoin’s Road to $75K: Will a Sharp Reversal Crush the Bulls?

Bitcoin’s journey in 2025 has been a rollercoaster, with its price teasing the $75K mark before showing signs of weakness. The bullish structure that propelled Bitcoin to record highs late last year is now faltering. Support levels have been breached, yet leveraged longs still dominate the market. If bid absorption holds firm, we could see a sharp reversal that catches traders off guard. In this blog, we’ll explore Bitcoin’s road to $75K, dissect its current technical setup, and uncover what’s next for the world’s leading cryptocurrency as of April 7, 2025.

Table of Contents

1. Introduction: Bitcoin’s Wild Ride in 2025
2. The Bullish Structure: Why It’s Weakening
3. Key Support Levels Breached—What It Means
4. Longs Dominate: A Risky Bet?
5. Bid Absorption and the Potential Reversal
6. Where Is Bitcoin Headed Next?
7. Expert Insights for Traders
8. Conclusion: Navigating the Uncertainty

Introduction: Bitcoin’s Wild Ride in 2025

Bitcoin’s road to $75K has been anything but smooth. After smashing past $100K in December 2024, fueled by post-halving hype and institutional ETF inflows, the crypto king hit a wall in Q1 2025. As of April 7, 2025, Bitcoin trades at $88,135, down from its January peak of $109,000. The bullish momentum that once seemed unstoppable is showing cracks, raising questions about whether $75K is a pitstop or a trap. Let’s break down the forces shaping Bitcoin’s trajectory and what traders should watch for.

The Bullish Structure: Why It’s Weakening

Bitcoin’s bullish structure—built on higher highs and higher lows since late 2022—has been a beacon for bulls. However, recent price action tells a different story. The 4-hour chart shows a downtrend forming, with Bitcoin struggling to reclaim $90K after a 9% pullback from $109,340 in January. The 200-day moving average remains upward-sloping, signaling long-term strength, but shorter-term indicators like the 50-day moving average sloping downward suggest fading momentum. Analysts note that the Relative Strength Index (RSI) is hovering in the neutral 30-70 zone, hinting at consolidation rather than a clear trend. This weakening structure could derail Bitcoin’s road to $75K if selling pressure mounts.

Key Support Levels Breached—What It Means

Support levels are critical checkpoints on Bitcoin’s road to $75K, and several have already crumbled. The $96,800 support—once a firm floor—gave way in late March, sending Bitcoin tumbling toward $88K. Posts on X highlight a “small HVN” (high volume node) at $75K that’s already been breached once, signaling vulnerability. If this level fails again, the next stops could be $68K or even $58K—levels that would wipe out recent gains and test the resolve of leveraged longs. These breaches suggest that buyers are losing conviction, leaving Bitcoin exposed to deeper corrections unless demand surges.

Longs Dominate: A Risky Bet?

Despite the breaches, leveraged longs still dominate the market. Data from futures exchanges shows retail traders piling into long positions near previous cycle highs, betting on a rebound to $100K+. This overcrowding is a red flag—Commitment of Traders (COT) data indicates retail is heavily long, a setup that often precedes sharp reversals. If Bitcoin’s road to $75K takes a bearish turn, these leveraged positions could face liquidation, amplifying downward pressure. The question is whether these bulls are visionary or simply overexposed.

Bid Absorption and the Potential Reversal

Here’s where things get interesting: bid absorption could determine Bitcoin’s next move. If strong buy orders at $75K–$77K absorb selling pressure, a sharp reversal might propel Bitcoin back toward $90K or higher. Technical analysis from 99Bitcoins suggests a reversal signal could emerge at $77K support, especially if Bitcoin forms a new higher low. However, if bids falter and sellers overwhelm the order book, a drop to $68K or lower becomes likely. This tug-of-war between buyers and sellers will define whether Bitcoin’s road to $75K ends in triumph or turmoil.

Where Is Bitcoin Headed Next?

So, what’s the destination on Bitcoin’s road to $75K? Analysts offer mixed outlooks:

• Bullish Case: A bounce from $77K could spark a rally to $94K, with $112K in sight by year-end if geopolitical tensions ease and U.S. rate cuts resume.
• Bearish Case: A breakdown below $75K might drag Bitcoin to $68K or $58K, especially if Trump’s trade war rhetoric reignites global risk-off sentiment.
  The 1-day chart shows consolidation between $96K support and $108K resistance, with $75K as a psychological pivot. Hashrate pullbacks from 817 TH/s to 785 TH/s indicate miner stability, but sentiment remains cautious amid macro uncertainty.

Expert Insights for Traders

Navigating Bitcoin’s road to $75K requires strategy:

• Watch Key Levels: Set alerts at $77K support and $90K resistance. A break above $90K could signal a bullish continuation.
• Monitor Sentiment: Retail FOMO near $75K could trigger a squeeze—be ready for volatility.
• Risk Management: Use stop-losses below $75K to protect against a deeper drop to $68K.
• Stay Informed: Follow credible sources like CoinDesk for real-time market updates.
  Patience is key—Bitcoin’s next move hinges on whether buyers step up or sellers take control.

Conclusion: Navigating the Uncertainty

Bitcoin’s road to $75K is at a crossroads. The bullish structure is weakening, support levels are failing, and leveraged longs are betting big despite the risks. If bid absorption holds at $75K–$77K, a sharp reversal could reignite the rally. But if selling pressure prevails, $68K or lower looms large. As of April 7, 2025, traders must weigh the technicals against macro wildcards like U.S. policy and global markets. One thing’s certain: Bitcoin’s journey remains a wild ride worth watching.