Is Bitcoins Hold Above $70,000 the Start of a Recovery or Just a Pause in the Sell-Off?
Source: Kapitales Research
Highlights:
Bitcoin steadies near $70,700 after last week’s plunge to around $60,000.
$60,000 seen as key support; $75,000 viewed as bullish breakout level.
US-listed Bitcoin ETFs attracted about $221 million in inflows as investors moved in to purchase during the market dip.
Market Stabilises After Sharp Swings
Bitcoin (CRYPTO: BTC), the world’s largest cryptocurrency, steadied above the key $70,000 mark after a turbulent week of heavy losses and sharp rebounds. At the time of writing, the token was trading around $70,700 in Asian trading, holding near its opening levels after briefly dipping below $70,000 earlier in the session. The calmer tone comes after dramatic price swings last week. Bitcoin plunged to nearly $60,000—its lowest level since October 2024—before staging a rapid recovery and reclaiming the $70,000 threshold by the end of the week.
Investors Focus on Crucial Price Support and Resistance Zones
Even with the recent recovery, overall market sentiment continues to remain cautious. Analysts say the cryptocurrency still faces uncertainty, with $60,000 viewed as a critical support level. A sustained break above the $75,000 mark, however, could signal that the broader bear phase is nearing an end. Bitcoin’s recent volatility comes after a steep pullback from its October 2025 peak near $126,000. The downturn has led to fresh concerns about whether it can truly function as a safe-haven asset, particularly during periods of global political and economic stress.
Institutional inflows provide cautious support to the market.
In a sign of renewed confidence, US-listed Bitcoin exchange-traded funds recorded inflows of about $221 million as investors used the recent sell-off as a buying opportunity. Analysts suggest that as long as Bitcoin remains above its long-term moving average near $58,000, the rebound could extend toward the $73,000–$75,000 zone, with further upside possible if sentiment improves.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Is Bitcoins Hold Above $70,000 the Start of a Recovery or Just a Pause in the Sell-Off?
Highlights:
Market Stabilises After Sharp Swings
Bitcoin (CRYPTO: BTC), the world’s largest cryptocurrency, steadied above the key $70,000 mark after a turbulent week of heavy losses and sharp rebounds. At the time of writing, the token was trading around $70,700 in Asian trading, holding near its opening levels after briefly dipping below $70,000 earlier in the session. The calmer tone comes after dramatic price swings last week. Bitcoin plunged to nearly $60,000—its lowest level since October 2024—before staging a rapid recovery and reclaiming the $70,000 threshold by the end of the week.
Investors Focus on Crucial Price Support and Resistance Zones
Even with the recent recovery, overall market sentiment continues to remain cautious. Analysts say the cryptocurrency still faces uncertainty, with $60,000 viewed as a critical support level. A sustained break above the $75,000 mark, however, could signal that the broader bear phase is nearing an end. Bitcoin’s recent volatility comes after a steep pullback from its October 2025 peak near $126,000. The downturn has led to fresh concerns about whether it can truly function as a safe-haven asset, particularly during periods of global political and economic stress.
Institutional inflows provide cautious support to the market.
In a sign of renewed confidence, US-listed Bitcoin exchange-traded funds recorded inflows of about $221 million as investors used the recent sell-off as a buying opportunity. Analysts suggest that as long as Bitcoin remains above its long-term moving average near $58,000, the rebound could extend toward the $73,000–$75,000 zone, with further upside possible if sentiment improves.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au