Bitcoin may be entering a critical turning point as seller exhaustion signals begin to emerge across on-chain data. After finding a floor near $60,000 on February 5, the leading cryptocurrency has spent over two months consolidating and steadily climbing toward the $70,000 resistance level all while navigating a turbulent macro environment marked by Middle East tensions and oil prices surging past $100 per barrel.
Debate is growing over reports Iran may accept Bitcoin tolls at the Strait of Hormuz, with traders eyeing sovereign BTC use but little proof so far.
Bitcoin could be gearing up for its next bull phase as a crypto analyst has outlined the timeline for when the BTC price may reach its bottom. Contrary to widespread belief, the analyst does not consider the previous cycle low around $60,000 to be the final bottom.
Cryptocurrency markets traded in a mixed range early Saturday ET, with Bitcoin (BTC) and Ethereum (ETH) both slightly lower as broad risk appetite appeared steady but cautious. The data suggested price action was muted, while activity indicators—particularly derivatives and stablecoin volumes—pointed to a cooling in short-term positioning.
Bitcoin price analysis shows a possible MACD bottoming signal while the $73,000 to $74,000 zone remains critical resistance.
After seeing multiple weeks of little to no fresh capital intake, it appears that momentum is returning to the Bitcoin ETF ecosystem as this week has come with a positive switch.
Dogecoin is flashing renewed signs of weakness as its BTC pair breaks down sharply, dragging the price structure into bearish territory. With momentum fading and key support levels giving way, attention now shifts to confirmation on the USDT pair.
The Bitcoin price and the general cryptocurrency market received a major boost over the past week, as the geopolitical tensions in the Middle East seemingly reached a temporary halt. The premier cryptocurrency has maintained relatively strong momentum since breaking the psychological $70,000 resistance on Tuesday, April 7.
BlackRock's 3,741 BTC single-day inflow drives the bulk of spot ETF demand as Grayscale keeps leaking, and ETFs now hold 721,090 BTC.
While Bitcoin may be down 20% in 2026, broad-based crypto market indices are down even more. Multi-crypto ETFs have not shown the ability to outperform single-crypto ETFs in the current market environment.
Visa now processes stablecoin settlements in more than 50 countries. JPMorgan Chase is letting customers buy crypto through Coinbase, though CEO Jamie Dimon remains skeptical of Bitcoin.
Arkham data shows 8,285 BTC in Coinbase Prime custody as the company swings from $8 billion profit to nearly $5 billion loss ahead of its IPO push.