Bitcoin profit taking keeps BTC below $70K as Trump doubles down on Iran

16 hours ago

Bitcoin (BTC) coiled beneath $70,000 astatine Monday’s Wall Street unfastened arsenic investigation blamed nett taking for terms inertia.

Key points:

Bitcoin and stocks wobble arsenic the US trading league begins amid nerves implicit the US-Iran warfare outcome.
Profit taking enactment is keeping BTC terms enactment distant from a $70,000 reclaim, says research.
A Trader says $71,000 volition enactment arsenic substance for a surge $10,000 higher.

BTC terms meets “profit-taking pressure”

Data from TradingView showed BTC terms enactment consolidating aft hitting caller April highs of $70,275 connected Bitstamp.

Market nerves implicit the US-Iran war resulted successful uncertain trading, with US stocks treading h2o astatine the open.

Speaking to the media astatine a subject event, US President Donald Trump reiterated earlier comments that Iran would “have nary bridges” and “no powerfulness plants” unless a woody was reached.

“I won’t spell further due to the fact that determination are different things that are worse than those two,” helium told reporters.

Trump antecedently stated that the deadline for a woody was 8pm Eastern clip connected Tuesday.

With terms pinned beneath the $70,000 mark, onchain analytics level Glassnode pointed to interior marketplace forces arsenic the crushed for the deficiency of continuation higher.

“As terms probed the $70K region, Realized Profit/hour spiked supra $20M, signalling a section exhaustion,” it noted successful a post connected X.

“A signifier accordant since February 2026: Every attack to the $70k–$80K set meets bladed liquidity and profit-taking pressure, capping the bounce.”

Pseudonymous trader LP added that Mondays and Thursdays had seen the precocious and little extremity of the week’s trading scope passim 2026.

“Price pushed higher into Monday, expanding the probability of this pivot forming a play high. If the correlation continues to play out, this would suggest Thursday forms the debased of the week,” they told X followers.

“Watch terms enactment intimately contiguous and tomorrow, it volition corroborate whether this intra-week pivot resolved arsenic a precocious oregon a low.”

Bitcoin trader eyes $71,000 springboard

Continuing, crypto trader Michaël Van de Poppe said the enactment successful soil for bears laic somewhat higher than Monday’s existent peak.

“Pretty beardown momentum connected the markets of Bitcoin,” helium wrote connected X astir the archetypal determination to $70,000.

“Volatility picking up, and I deliberation it's fireworks during this week arsenic we mightiness beryllium getting to the extremity signifier of the full concern successful the Strait of Hormuz. If Bitcoin breaks $71K, past markets are successful for a trial astatine $80K.”

Van de Poppe further cautioned connected pursuing broad marketplace statement implicit caller lows coming next.

“Given that each the markets are truthful oversold astatine this point, each on-chain indicators are looking overextended and are astatine akin levels to the bottommost areas successful 2018, 2020 and 2022, I wouldn't beryllium amazed that we're getting a alleviation tally that's going to crook the sentiment quickly,” helium concluded.

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