Bitcoin (BTC) attempted to hold the $75,000 level into Sunday’s weekly close but faced pressure as geopolitical tensions resurfaced. Fresh concerns around the US–Iran conflict and reports of Iran closing the Strait of Hormuz raised fears of rising oil prices and broader market uncertainty. Earlier optimism around a ceasefire quickly faded, highlighting how fragile sentiment remains. Technically, BTC is still struggling near a key 21-week resistance, with no clear breakout yet. Meanwhile, volatility picked up, with nearly $260 million in liquidations over the past 24 hours, mostly from long positions. Overall, the market remains highly reactive, with sentiment shifting quickly on geopolitical developments.
Also Read: 10 Best Cryptos to Buy Under $1 in April 2026
At the time of writing, BTC was trading at $74,435.
Bitcoin (BTC) established a low near $60,000, followed by a strong bullish candle that drove the price up to around $71,750. However, the upward momentum lacked continuation, with buyers failing to produce a sustained follow-through rally. Subsequently, BTC entered a consolidation phase, trading within a well-defined range between $65,000 and $75,000 on relatively low volume, forming a classic rectangular consolidation pattern. A breakout from this range occurred last week, with the price reaching a weekly high of $78,333. Despite this bullish breakout, momentum remained limited as BTC encountered strong resistance near the $80,000 level, leading to a modest pullback. A decisive breakout, accompanied by a strong close and sustained price action above the $80,000 resistance zone, would likely signal renewed bullish strength. In such a scenario, BTC could potentially extend its rally toward the $90,000–$93,000 range.
Key Levels
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2. |
| $60,000 | $65,000 | BTC | $75,000 | $80,000 |
Unravel everything that you need for your crypto journey via ZebPay blogs. Get started today and join 6 million+ registered users on ZebPay!
Disclaimer:
Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs. The views, thoughts, and opinions expressed in the article belong solely to the author, and not to ZebPay or the author’s employer or other groups or individuals. ZebPay shall not be held liable for any acts or omissions, or losses incurred by the investors. ZebPay has not received any compensation in cash or kind for the above article and the article is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.
Be the first to comment