Bitcoin reaching $73K could signal the beginning of the ‘escape velocity’ phase.

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Bitcoin reaching $73K could signal the beginning of the ‘escape velocity’ phase.

BTC returning to the $73,000 price range may encounter resistance from short-term holders but could also signify a pivotal moment for the asset.

A potential return of Bitcoin to $73,000 could mark the beginning of the asset’s acceleration to “escape velocity,” according to a crypto analyst. The term “escape velocity,” borrowed from astrophysics, refers to the minimum speed needed for an object to break free from the gravitational pull of a celestial body, such as a planet or moon, without additional propulsion.

Crypto analyst James Check used this term in a May 21 market report to describe the potential trajectory of Bitcoin (BTC) once it reclaims the $73,000 price level. Check refers to the short-term holder (STH) market value to realized value (MVRV) metric, indicating that the market is not yet “overstretched, overbought, or oversaturated.”

Short-term holder MVRV indicator. Source: James Check

While the transition from enthusiasm to euphoria can happen quickly, it feels like we have not yet reached the point of euphoric escape velocity,” Check explained.

“We are still within a steady, stable, enthusiastic, but importantly NOT euphoric phase of the bull market,” he said, suggesting strong foundational support for a price rally at $73,000.

However, he also warned that this price point is where short-term holders (STH) — wallets that have held Bitcoin for less than 155 days — are now in “sufficient profit,” which could lead to a sell-off and create “some resistance.”

Several other crypto analysts agree that market euphoria has yet to materialize.

“Bitcoin is at $70k and there is little excitement and no euphoria; you have to like it,” crypto trader Matthew Hyland declared in a May 22 post on X.

“Bitcoin is just a sneeze away from entering price discovery,” added pseudonymous crypto trader Jelle.

Pseudonymous crypto trader Yoddha believes that Bitcoin will reach its peak price before March 18, 2025: “Bitcoin has been consolidating in the current range for the past 84 days. In my opinion, from the current price, BTC will hit the top within the next 300 days,” they wrote in a May 22 post on X.

A jump to $73,000 from its current price of $69,088 represents an increase of about 5.6%, according to CoinMarketCap data.

Bitcoin is up 5.22% over the past seven days. Source: CoinMarketCap

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