Bitcoin Eyes $71K As Bid-Side Pressure Builds Near Range Lows
Bitcoin continues to find buy demand near $65,000, and data suggests that bulls may make a push toward $71,000 this week.
Bitcoin continues to find buy demand near $65,000, and data suggests that bulls may make a push toward $71,000 this week.
Veteran trader Peter Brandt told Cointelegraph that Bitcoin is unlikely to reach new all-time highs in 2026 as the asset’s price continues to hover below $70,000.
Bitcoin and altcoins attracted buyers near their respective range lows, but the current global macroeconomic and geopolitical scenarios limit the upside of crypto market rallies.
A freshly opened Bitcoin short position shows traders are watching this week’s US economic data releases, along with the US and Israel-Iran war.
Long-term Bitcoin accumulators added to their balances, while a decline in BTC miner selling indicates the market is approaching equilibrium.
Although Strategy still reported holding more than $51 billion in Bitcoin as of Sunday, the company’s move to not purchase more last week has some raising eyebrows.
Bitcoin remains in bear territory with price indicators highlighting the $40,000–$50,000 range as the likely cycle low.
Bitcoin’s path back to $126,000 depends on whether $60,000 holds as the cycle low or if a deeper decline extends the recovery to 2027.
Bitcoin’s chance of trading above $75,000 in April decreased as Friday’s price action showed deepening negative sentiment from investors.
Charts show Bitcoin and altcoins hanging on to their last respective support levels as investors cut risk and wait to see how markets react to rising oil prices and the...
Analysts eye $65K-$66K support for a possible bounce, as surging exchange withdrawals and accelerated long-term holder buying support BTC’s recovery potential.
Bitcoin revisits a key profitability zone near 50% as exchange inflows fall and realized profits drop, aligning with historical BTC accumulation phases.
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