Bitcoin Tests $71.9K – Bull or Bear?

[bilgikripto]

BTC reclaimed key moving averages recently and is now testing a significant resistance zone near ~$71,979, with the recovery supported by buyers above key support levels. However, resistance pressure around the current price range could determine whether the bounce continues or consolidates further.

Some highlights from the analysis:

📌 BTC price trading near ~$71,780 after a solid daily gain.
📌 Key support remains above ~$64,972, giving downside a buffer.
📌 RSI holds a neutral stance (not overbought/oversold).
📌 MACD shows early bullish momentum setup.

Technical levels are always crucial in the current market — breaking above resistance could open room toward the next fib cluster, while failure may shift attention back to support zones.

🔗 Read the full breakdown here:
https://coinmindai.com/bitcoin-technical-analysis-april-8-2026/

What are your thoughts on BTC’s next major move? More upside continuation, or is this just a short‑term recovery before another retracement?

Let’s discuss! 💬

[EarnOnVictor]

Bitcoin has been so unstable in recent weeks, and I believe it will continue like that for a while. I predicted a ranging market for almost 2 months now, and that is what has been happening; no upper boundary has been able to break successfully.

But now, the market is stabilising above the EMA50 on the monthly chart, which could be instrumental in further understanding what it would do. For now, my bias is flipping towards a bullish sentiment, but cautiously, especially this time that the US/Israel-Iran war has helped it rise again shortly after Trump declared a two-week ceasefire. It hit almost $73,000, with the monthly, weekly and daily charts all being bullish. This is a good bullish sign!

[Asuspawer09]

A lot of articles are connecting this recent pump to the US and Iran war because of the cease fire that was announced by Trump I think it was probably a good sign that a lot of investors are still holding even though there was a war that is going on in that part of the globe, Last time as I remember it has a huge effect in the market and actually cause a huge price dump in the history of Bitcoin, as far as I can remeber it was the ukraine and russia war I think, dropping the Bitcoin market, but we didn't see that kind of fear in this latest market, meaning there where a lot of trust this time in the crypto space and a lot of investors are actually trusting there wealth in Bitcoin or maybe protecting in using Bitcoin.

Support is going to hold, and it is going to easily go back up, even though it might drop in the coming months. I think it might be no time, when this war is over we might see some new high again in the market easily.

[Oshosondy]

What are your thoughts on BTC’s next major move? More upside continuation, or is this just a short‑term recovery before another retracement?

I still think we are not yet in bull run. This will only be a mild price increase and do not be surprised later that bitcoin price will go below $70000 again. I think bitcoin is not going above $75000 and it is not going below $60000. It is good that the price of bitcoin and some other cryptocurrencies increased today.

[Nathrixxx]

Even when we test $80,000 or more doesn't indicate that we are in the bull season, sometimes the market may just react and fake out in such a way that we think otherwise, whereas bitcoin is not like that when we are speculating, every other necessary indicators must be used to know the market direction and we also have to consider the current season and how far we've gone in needs before determining weather a particular reaction is for bull or just a usual volatility that will soon turn bearish.

[Ambatman]

I still think we are not yet in bull run. This will only be a mild price increase and do not be surprised later that bitcoin price will go below $70000 again. I think bitcoin is not going above $75000 and it is not going below $60000. It is good that the price of bitcoin and some other cryptocurrencies increased today.

I think for the first time this year
I would have to disagree
Because the month Chart is looking nice and gaps has been filled
I believe we would cross above price level we haven't for sometime
Before we might be seeing a correction
And yeah below $60K gets more unlikely as time goes on.

[terrific]

What are your thoughts on BTC’s next major move? More upside continuation, or is this just a short‑term recovery before another retracement?

Short term and retracement probably IMHO.
We cannot still break cycles and that's what I think will dominate still for this year. Even with so much good news if we don't see it reaches back to the former ATH.
What can we say about it? it has to break the former ATH for us to believe that we're back in a bull run.
So no matter what increase we see at this point, if it won't break that back then it's still in a bearish moment.

[aoluain]

Are we going to be asking this question - Bear or Bull? everytime the market moves?

The market moved because of the ceasefire on the war with Iran, its a ceasefire, Isreal is
still bombing Lebanon, Iran is still bombing Isreal. Anything could happen in the next two
weeks let alone the next 2 days.

Cant believe people are making analysis on the market just because it has moved in less
than 24 hours after an announcement from Trump who has shown that he can do and say
literally anything, and also the big pink elephant in the room - Israel who do not want a
ceasefire and will likely continue their war on their neighbours.

[aylabadia05]

What are your thoughts on BTC’s next major move? More upside continuation, or is this just a short‑term recovery before another retracement?

Let’s discuss! 💬

It's not yet clear that Bitcoin's current price of $71,600, which has reached $72,850, is a bullish trend, as I still believe it won't reach above $80,000 this April.
Bitcoin hitting $72,850 early in the second week of April will fuel speculation. It would be a good thing if it could eventually reach $80,000, providing a support level for Bitcoin, which could provide new insights into its May price assessment.

[Mpamaegbu]

What are your thoughts on BTC’s next major move? More upside continuation, or is this just a short‑term recovery before another retracement?

Well, I won't get overly excited whenever I see Bitcoin price spikes until the US–Israel war with Iran eases off or completely comes to an end. I believe the war has made Bitcoin so much erratic than it was last year. So, it's not yet uhuru for Bitcoin now as it's now with $70k level. Though it's good to see price push up, it can still go down. All I see now is a range. If it drops from here again, I won't in any bit be perturbed. I expect that. I can only feel comfortable to say the bull has taken over when I see price around $90k.

[mindrust]

Depends on the time horizon. If we are thinking about the next 10 years, it is bullish af because it is almost certain that bitcoin will hit a million usd in the next decade. So these prices are very cheap when you factor in the events that will likely to take place in the future. (massive inflation, cental banks losing their shit, wars etc...)

For the short and medium term, who knows. The environment is quite shaky at the moment but btc went down a lot from its ATH too and it is making quite a stance at 60-70k usd levels.

[Yaunfitda]

What are your thoughts on BTC’s next major move? More upside continuation, or is this just a short‑term recovery before another retracement?

Well, I won't get overly excited whenever I see Bitcoin price spikes until the US–Israel war with Iran eases off or completely comes to an end. I believe the war has made Bitcoin so much erratic than it was last year. So, it's not yet uhuru for Bitcoin now as it's now with $70k level. Though it's good to see price push up, it can still go down. All I see now is a range. If it drops from here again, I won't in any bit be perturbed. I expect that. I can only feel comfortable to say the bull has taken over when I see price around $90k.

Well when the war started, the price of Bitcoin goes up and everyone says that we are not affected. But then the price goes on a dip as long as $65k or even lower at some point. Now, we've seen the price increasing again, so it's hard to say if it has something to do with the war or it's just that investors are putting their money on the market to hedge their wealth because of the noises behind. But in any case as what you have said, we shouldn't get excited. Maybe this is just another bull trap for all we know. And remember that we are still in the bear market so there are still a huge chance that the price is going to decline this year.

[davis196]

Neither bull nor bear. The price will remain volatile. There was a price pump, which was caused by the ceasefire in the Persian Gulf, but it seems that the Strait of Hormuz is still "closed" and Iran demands a fee for all the tankers and ships, that are going through the Strait. I'm hoping for a de-escalation of the conflict, but Israel won't agree to stop it's attacks over Lebanon. Bitcoin is far from going back to the 90K-100K USD price levels. We might not witness another 100K USD Bitcoin price in the next 2 or 3 years. There's no point of analyzing price charts right now.
Just HODL and keep accumulating.

[Mpamaegbu]

~snipped~

Well when the war started, the price of Bitcoin goes up and everyone says that we are not affected.

The reason price went up when the war started was because Iran's supreme leader, Ali Hosseini Khamenei, got killed within 24hrs the war started. Ordinarily, that would sound as good news that the war was almost over. Investors don't like investing in uncertainty. So, when that happened and Khamenei was taken out, investors rushed in.

But then the price goes on a dip as long as $65k or even lower at some point. Now, we've seen the price increasing again, so it's hard to say if it has something to do with the war or it's just ...

Just watch it closely. Any time there's a ceasefire, price rallies up. Any time it looks like the war may be ending, price rallies up. That goes to show that investors don't want uncertainty in their investments. They want the war to end so they can fully put down their money in whatever asset they want to invest in.

Maybe this is just another bull trap for all we know. And remember that we are still in the bear market so there are still a huge chance that the price is going to decline this year.

I doubt we're in a bear season yet. It's just the war causing all this panic.

[Ishicryptic]

What are your thoughts on BTC’s next major move? More upside continuation, or is this just a short‑term recovery before another retracement?

I still think we are not yet in bull run. This will only be a mild price increase and do not be surprised later that bitcoin price will go below $70000 again. I think bitcoin is not going above $75000 and it is not going below $60000. It is good that the price of bitcoin and some other cryptocurrencies increased today.

I also believe that we're still very much in the bear run because this is not the first time that Bitcoin will increase beyond $70k yet it dipped again and I wouldn't be surprised when it happens again. This is the crypto market and we don't expect price to be static, if it's swinging back and forth around the same correction and resistence being $65k to $74k thereabout then I'll say we're pretty much where we are. If we see anything above $80k that is when momentum will start to build whether we will gradually head to $100k and eventual enter bull season again but for now I see the rise as momentary.

[348Judah]

Maybe let's continue to watch and see if the bear will continue or the bull will succeed at last and we break even, the market already is showing more indication for bull, but we must not mistake this for the bull season because we are still in the bear season.

When something like this is happening, it calls for more intensifying speculation to know the direction the market is taken or going through before we make any decision, now is also the time that we may see the market settle at $70,000 and above and raise a support that will resist $69,000 or below.