Will bitcoin be able to sustain $70000

[dansus021]

Will bitcoin be able to sustain $70000 this is to early to decide but one thing for sure that we already break from 60K level and now become a major support line. if we can stay above 60K for perioud of time I do believe that bear market is done haha

[JeffBrad12]

It failed to breakout the nearest resistance at 74k and the chart seems to point for another bearish, maybe a continued consolidation.
I feel like we're gonna be seeing another $60k range very soon but I might be wrong about this. It could be  another sideways between $70k and 60k.

[LogitechMouse]

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Also will the bear market continues?

I think the bears could have turned bulls and turn bears back within a short period of time but I might be wrong about this.

Not fall more to below $70,000? I don't think so.

Let's not forget that we are in a bear market currently, and when the market doesn't go in one move only. Same during the bull run when we've seen corrections here and there, it's the same during the bear market. I expect higher lows and lower lows being created because... we are in a bear market. I haven't seen a bear market which only lasted for 5 months only. The average is around 12 months so for me, this pump is just a relief bounce creating a higher low before it goes down yet again.

$70,000 could be a strong psychological support for the short-term, but that will not last long. I still expect for Bitcoin to reach as low as around $50,000. Of course, I'm always wrong on my predictions.

[maydna]

The market now getting correction and makes the price down to $70,000. There are pressure to makes the price down so we will see what happens in the next weeks.

The bear market can continues so you need to be careful and don't be rush deciding. But no one know if bear will still on the market or will leave in the rest of this month.

[Don Pedro Dinero]

The market now getting correction and makes the price down to $70,000. There are pressure to makes the price down so we will see what happens in the next weeks.

The bear market can continues so you need to be careful and don't be rush deciding. But no one know if bear will still on the market or will leave in the rest of this month.

Basically, I agree with you. I don't know if it will fall below that figure or not, but what I do know is that we are very close to it and that the year has started bearishly. So, if I had to bet, I would say that the price will fall below that figure at some point in the coming months. I would like it to be the other way around, for a floor to have formed and for the price to rise from now on, but that does not seem likely.

[Asuspawer09]

Looking at the market it is already trying to recover from the recent huge drop, being able to reach 74k$ again was huge meaning it could easily go back up as long as there was no other factors, but seems like the world is going on a lot of things right now a lot of fear and dumps is happening so it would easily make sense for the market to drop, Recovery in my opinion is going to be easy as long as we already see news, articles etc, great news for sure is going to pump it back easily.

I think the question here is how long it is going to take to get back up, because for sure, a lot of us are thinking that Bitcoin can easily recover from this. But bear market could continue for years and that could make investors lose hope prolonging the cycle, Personally I want the market to continue to drop since it would make it easier for us investors to buy at a discount, but seems like its already getting a lot of momentum, but for sure there will be a lot of manipulations that is waiting to happened so market price is going to be dump again so for months in my opinion it is going to stay at the 50-80k range.

[Oshosondy]

$70000 has been beached already

I will unlock the vote if it rises back above $70000 early.

[Marvelockg]

It failed to breakout the nearest resistance at 74k and the chart seems to point for another bearish, maybe a continued consolidation.
I feel like we're gonna be seeing another $60k range very soon but I might be wrong about this. It could be  another sideways between $70k and 60k.

Between the $70k and $60k is a region that can be touched at any point even though the direction of bitcoin is more towards a positive side than it is that bitcoin will go low before the $60k region it has sat on for this long period of time. $74k looks like the current short term resistance by then, it is still something that will not take too long before bitcoin will break pass it and get to something high than that into a $80k+ region which is what we are looking towards at this point ion time.

[NeuroticFish]

In the last cycle, bear market started from April and before then, the price was coming down gradually. I am still predicting the price to hit $55+k. Bitcoin hit All Time High ($67+k) in 2021 and in 2022, the price came down to $42k and they was also a Bear market as of then and in April 2023, the price drastically come down and I that the same year, the price of Bitcoin declined to $15k and in 2024, the price rise again. So I am using that experience to predict this now.

OK, now I understand your point. Imho they are just different stages of the same bear market.
Also keep in mind that each cycle is softer (20k->3k, 69k->16k) and imho there are not really enough iterations to provide sufficient data for accurate prediction where the low will be (or was?).

[GeorgeJohn]

Bitcoin increased to $74000 many hours ago, but it has decreased since that time till now. Right now bitcoin is at $72500 but will bitcoin be able to have a strong support at $70000 and not fall more.

The rising is not stable, right now it has fall to sixty eight thousand [68k]..Nobody can predict accurately the price of Bitcoin, because the market always fluctuate...

Also will the bear market continues?

This is what we can't predict accurately, if the bearish market will continue or not...they're possibilities that it may fall to fifty thousand [50k] or lesser than that....or it rise..that's why it's been says that bitcoin price is unpredictable

[colinistheman]

Bitcoin increased to $74000 many hours ago, but it has decreased since that time till now. Right now bitcoin is at $72500 but will bitcoin be able to have a strong support at $70000 and not fall more.

The rising is not stable, right now it has fall to sixty eight thousand [68k]..Nobody can predict accurately the price of Bitcoin, because the market always fluctuate...

Also will the bear market continues?

This is what we can't predict accurately, if the bearish market will continue or not...they're possibilities that it may fall to fifty thousand [50k] or lesser than that....or it rise..that's why it's been says that bitcoin price is unpredictable

Yes, Bitcoin has dropped to $70k, and the global financial market situation over the past 24 hours is that gold is rising again, while Bitcoin and the stock market are falling.

Its true that Bitcoin is very unpredictable and anything can happen. But looking at the current situation and what is happening, it is highly likely the bear market is not over yet and will not end anytime soon. Because the geopolitical situation remains very unstable, and it is not an ideal environment for risky assets like bitcoin.

[asriloni]

I guess it was a bull trap. It's just the same pattern showed when Bitcoin looked like bullish after it broke 95k last months. Yet it's dumping even lower than 80k. If you're watching it closely, it forms the same pattern.

That's my reason i think Bitcoin won't be able to sustain above 70k for so long. It's caused by the bearish is still here. We have not yet reached the lowest rate for BTC. So, the pull down happened, and i think another dump may occur very soon.

However, a different scenario can happen only if bitcoin will able to bounce back and convincingly stay above 76k. But i'm still remain bearish atm.

[Silikiem]

Considering the high volatile nature of bitcoin it’s very difficult to say what will happen next especially with the price movement, but if we should judge by what the price is at now i think there’s a little bit of progression in terms of the price coming down from 62k to 70k. Not to say that the price will continue to be in an upward trend but there’s a possibility it will add more and then back forth to remain at 70k and probably take off from there to even 80-90k.

[jcojci]

The price is down to $67k. So we can say that Bitcoin price will moves between $63k-$73k for some time. This situation seems looks as sideways for me because the price is not increase or decrease so high or low.

We could see this situation continue this month but we don't expect the situation turns badly.

[Zigabel]

Bitcoin increased to $74000 many hours ago, but it has decreased since that time till now. Right now bitcoin is at $72500 but will bitcoin be able to have a strong support at $70000 and not fall more.

Also will the bear market continues?

I think the bears could have turned bulls and turn bears back within a short period of time but I might be wrong about this.

We can only speculate at this point because in most recent times, we have seen the strong support around  $65k, except we want to speculate it builds a new support around the $70k but I see more of liquidity around that zone and my expectations are mostly to see a sweep before an up ward move, so $65k may be retested again, remember the bear market is not over yet and we are still in the early phase of the supposed new cycle.

[Pandorak]

Also will the bear market continues?

I remain steadfast and firmly believe that this downturn is not yet over. In other words, we will see a deeper decline. The current price of $67k is not the lowest price. Soon we will see Bitcoin reach the $55k - $50k, my analysis indicates this price, coupled with the ongoing war, which will undoubtedly impact the market, especially if Iran seriously closes the Strait of Hormuz, which would be a more serious issue.

[Shinpako09]

That’s what I thought too when I saw the price declining. I figured it would at least hold around $70k, but I was wrong. Now it’s back below $70k. It was just a short pump that only lasted about three days. The bears are still strong since it can’t even stay above $70k for a whole week. It’s starting to look like the last bull run we’ve been waiting for might not happen anymore, and the bears have already taken control.