Bitcoin has broken above its bear market trendline, currently trading at $75,476, a 5% increase in the last 24 hours. Ethereum has also seen gains, rising 9% to $2,379.60. Analysts emphasize the importance of Bitcoin consolidating above $73,000–$75,000 for a potential rally towards the $87,000–$90,000 range. Despite the positive momentum, the broader cryptocurrency market remains narrow, with only 51 of the top 100 cryptocurrencies trading above their 50-day moving averages. The easing of geopolitical tensions has contributed to a supportive macro environment, as the US dollar index has fallen to five-week lows, enhancing risk appetite for assets like Bitcoin and Ethereum. Institutional demand from firms such as MicroStrategy and Bitmine is also noted as a key factor in sustaining bullish momentum. However, analysts caution that Bitcoin requires a period of consolidation to confirm the sustainability of this upward trend.