Bitcoin bear market may end if bulls reclaim $74.5K: Here’s why

CoinTelegraph

by Biraajmaan Tamuly

February 26, 2026

AI-Generated Deep Dive Summary

Bitcoin's recent rebound of 7.45% over two days has brought hope to bulls as the cryptocurrency approaches a critical price level. After dropping to $62,400, Bitcoin now faces a pivotal test at $74,500—a threshold that could determine the short-term market structure. This level is significant because it represents the average cost basis for holders who purchased their Bitcoin between six months and two years ago. If bulls manage to reclaim this price point decisively, it could signal stronger demand and potentially mark a turning point in the bear market. The concentration of supply around $74,500 makes it a key resistance level. Historically, on-chain data shows that Bitcoin's realized price tracks the average acquisition cost for different UTXO age bands. For coins aged 18 to 24 months, this level currently hovers near $64,200. However, the broader market dynamics suggest that the bulls face a tough challenge as they aim to push prices above $74,500. This would not only test the current trend but also influence whether holders who bought at higher prices are willing to hold or sell. For crypto enthusiasts and investors, this price level matters because it could indicate whether Bitcoin is entering a phase of sustained recovery or if the bear market will persist. If

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Originally published on CoinTelegraph on 2/26/2026