Bitcoin pushed toward the $75,000 level on Monday, April 13, 2026, as traders covered short positions following President Trump's order to blockade the Strait of Hormuz, sending the price from a morning low of $70,741 to intraday highs above $74,900.
Bitcoin is looking like it might be turning bullish above $70,000 again, but technical analysis shows that something bad may be coming soon for the price action.
Bitcoin price topped $74,000, and Ethereum moved above $2,300 as the broader crypto market turned bullish, with trading volumes rising across major assets.
Bitcoin climbed toward $72K after a $160M short squeeze and easing Middle East tensions, with forced liquidations driving much of the rally.
Bitcoin is trading near $74,000, and CryptoQuant analyst Darkfost says its 18.5% Power Law quantile places it near extreme undervaluation. The macro backdrop remains hostile: failed US-Iran talks, a Hormuz blockade, and a $83 billion market drop pushed BTC down $3,200.
The Bank of Korea (BOK) has urged the cryptocurrency industry to adopt stronger safeguards after a major operational failure at crypto exchange Bithumb earlier this year.
Bernstein says recent Bitcoin volatility already reflects “real but manageable” quantum‑attack risk, giving developers roughly 3–5 years to roll out a post‑quantum migration path anchored around BIP‑360.
A crypto analyst has announced that Bitcoin (BTC) has hit its last bull trap, signaling that the price of the flagship cryptocurrency could fall much further before a potential reversal begins. The analyst has shared a chart highlighting key accumulation areas at levels below $60,000, the lowest price BTC has reached since its all-time high in 2025.
Two technical indicators now suggest that Bitcoin (BTC) is entering a bottoming-out phase that precedes the next market rally. However, certain conditions must be met before the final major breakout occurs. Just today, Bitcoin fell below $71,000 following news of the US blockade at the Strait of Hormuz.
Bitcoin ETFs drew roughly $786 million last week, far ahead of Ethereum's $187 million, showing institutional capital concentrated back into BTC. Outside the two largest assets, flows were mixed and relatively small, with XRP, LINK, DOGE, HBAR, and DOT positive, while Solana and Litecoin posted outflows.
Peter Brandt believes Bitcoin may delay its next all-time high until 2027 as the market enters a prolonged consolidation phase. He highlights a potential drop below $66,000 as part of a necessary reset. The current cycle reflects historical commodity patterns, pointing to accumulation over immediate breakout, while Bitcoin's long-term fundamentals remain strong.
Bitcoin ($BTC) whales accumulate $2.1B in March — Bitcoin price prediction sees potential path to $80,000 as a reversion to the mean move advances.