- Bitcoin price rebounded above $70K after geopolitical easing.
- Analyst roadmap points to possible move toward $44K level.
- Resistance near $89K to $98K could shape next price direction.
Bitcoin price moved back above $70,000 on Monday, gaining over 3% in 24 hours. The rebound followed comments from Donald Trump confirming productive discussions with Iran. In a post on Truth Social, he announced a five-day pause on planned strikes targeting energy infrastructure, easing market concerns.
The recovery pushed Bitcoin price to around $70,400 after a recent low near $67,600, based on CoinGecko data. Despite the bounce, retail sentiment weakened. Data from Stocktwits shows a shift from neutral to bearish, with low engagement levels. This suggests traders remain cautious despite the short-term recovery.
Bitcoin Price Roadmap Signals Potential Drop Toward $44K
Analyst Crypto Patel argues that the Bitcoin price is moving according to a predefined roadmap. He highlights a confirmed rising wedge breakdown that led to the drop toward $60,000. His two-week chart from TradingView outlines the next possible moves.
According to the projection, Bitcoin price could rally into the $89,300 to $98,000 bearish order block. This zone may act as strong resistance. Patel expects rejection there, followed by a decline toward the 0.5 Fibonacci retracement level near $44,000.
He describes this level as a reset rather than a collapse. In his view, such a move could offer a strategic accumulation zone for long-term investors. Patel maintains a broader target of $300,000, suggesting current volatility fits within a larger cycle.
Bitcoin Price Structure Reflects Weak Momentum and Resistance
From a technical standpoint, Bitcoin price still shows fragile momentum. The recent bounce does not yet confirm a trend reversal. Price action continues to reflect lower highs and limited buying strength.
Traders are watching whether Bitcoin price can sustain levels above $70,000. Failure to hold this range could reinforce bearish expectations. At the same time, macro developments remain influential, particularly geopolitical signals affecting risk sentiment.
Market participants are also monitoring volume trends and liquidity conditions. Weak follow-through during rebounds indicates hesitation among buyers. This aligns with Patel’s roadmap, where the Bitcoin price may face rejection before its next major move.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
