Bitcoin rebounds to $74000, sparking divergence and market debate over whether it is a 'bull market trap' According to BlockBeats, on March 6th, Bitcoin recently rebounded to $74000 before falling back to around $70000. There is a clear divergence in the market regarding whether this position has formed a temporary peak. Some analysts believe that the current trend is highly similar to the mid-term structure of the bear market in 2022. Data shows that Bitcoin rebounded from its peak of $126000 in October 2025 for approximately 149 days, a time window similar to the previous two cycles. Some traders believe that this round of price increase may only be a liquidity induced bullish trend, and the price may still fall further below $60000, even testing the liquidity intensive area between $62000 and $65000. However, some analysts hold the opposite view, believing that a temporary bottom has formed around $60000. Unlike in 2022, this round of correction did not effectively fall below the 200 week moving average (EMA) of the index, but instead rebounded after completing a retracement, indicating a stronger market structure. In addition, the continuous inflow of institutional funds through spot ETFs and the tightening of market supply are also seen as important factors supporting prices. According to bullish analysis, as long as the key support level of $70000 remains effective, the market still has the opportunity to launch a new round of upward movement towards the $75000 to $80000 range.