Bitcoin Tests $71.9K – Bull or Bear?

[macson]

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 don’t see this as a bull run because the market remains bearish, and this is only temporary. It wouldn’t be surprising if Bitcoin drops back below $70k in the coming weeks, as there’s no momentum left to drive the price higher. So there’s no need to get too excited about the current market situation, it’s just a temporary reaction from investors to the Iran-U.S. ceasefire.

[tygeade]

While I know that this sounds crazy to many people, I still think that going lower is the way to go . I know that not many people believe this, not anymore at least, most people think that we are going to go up and we have gone up a bit so that is why many are hopeful about a big increase. On top of that, this war and higher gas prices are causing for inflation which means devalued dollar which means higher price for bitcoin. But even with all of that in mind I still think that bitcoin price will fall.

Because I believe that no matter what happens in the world, there is a four year cycle of bitcoin and this year is the bear year and nothing will change that, many things happened in the past during bear years as well and yet it still fell, same should be expected from this year.

[philipma1957]

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.

80k in may why not?

[Asiska02]

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! 💬

A recovery should have boom the price by now, but for it to keep consolidating on that zone, I’m expecting some bearish move more and the market could face more downturn in the coming weeks. Bitcoin is not showing a clear path to move towards an uptrend, but rather it’s focused more on the consolidation. I feel the market bearish run is not satisfactory enough but the market sentiment looks to want the market to recover quickly but it’s finding it hard to happen. We are still stuck in this range but until a clear direction to the upside, I feel the market is still going to face more move to the downside for now or face consolidation for a longer period that expected.

[Iranus]

While I know that this sounds crazy to many people, I still think that going lower is the way to go . I know that not many people believe this, not anymore at least, most people think that we are going to go up and we have gone up a bit so that is why many are hopeful about a big increase. On top of that, this war and higher gas prices are causing for inflation which means devalued dollar which means higher price for bitcoin. But even with all of that in mind I still think that bitcoin price will fall.

Because I believe that no matter what happens in the world, there is a four year cycle of bitcoin and this year is the bear year and nothing will change that, many things happened in the past during bear years as well and yet it still fell, same should be expected from this year.

I agree with the prediction that Bitcoin will continue to fall rather than surge as many people are expecting. But it is not that many people do not believe it. It is simply that they do not want it to happen because most of them bought at a high price or have not yet taken their profit.

However, I disagree with the view that market cycles will never change. Although market cycle repeat once, but it can be broken at any time. There are currently no regulations requiring Bitcoin to follow a 4year cycle indefinitely.

[alankasman]

I agree with the prediction that Bitcoin will continue to fall rather than surge as many people are expecting. But it is not that many people do not believe it. It is simply that they do not want it to happen because most of them bought at a high price or have not yet taken their profit.

The reason they don't want to is certainly because there are problems they experience. Sometimes when some of them buy Bitcoin the price is rising so they clearly don't want the risk of losses. Essentially they don't want the price to decline but rather because they don't want to accept the losses they incurred when accumulating BTC when the price was still quite high at that time. It's clear that they haven't yet experienced any profits regardless of what they've already accumulated.

[cryptomaniac_xxx]

While I know that this sounds crazy to many people, I still think that going lower is the way to go . I know that not many people believe this, not anymore at least, most people think that we are going to go up and we have gone up a bit so that is why many are hopeful about a big increase. On top of that, this war and higher gas prices are causing for inflation which means devalued dollar which means higher price for bitcoin. But even with all of that in mind I still think that bitcoin price will fall.

Because I believe that no matter what happens in the world, there is a four year cycle of bitcoin and this year is the bear year and nothing will change that, many things happened in the past during bear years as well and yet it still fell, same should be expected from this year.

I agree with the prediction that Bitcoin will continue to fall rather than surge as many people are expecting. But it is not that many people do not believe it. It is simply that they do not want it to happen because most of them bought at a high price or have not yet taken their profit.

But for me, it's better to accept that, instead of just still 'hoping' for the best when we all know at the back out our minds that we are in the bear market already. The sooner we accept it the better.

However, I disagree with the view that market cycles will never change. Although market cycle repeat once, but it can be broken at any time. There are currently no regulations requiring Bitcoin to follow a 4year cycle indefinitely.

What will it take though to change the cycle? Because I still believed that the 4 cycle will take effect because that's how everything works. The halving happens every 4 years and that's what the catalyst for the next cycle to change, from bear market->bull run->all time high->bear market again.

[AprilioMP]

🔗 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! 💬

It has even reached $73,400, and to me, this is just a test—I don’t yet consider it a bull run. With prices above $70,000, I can currently view this as evidence that the Bitcoin market doesn’t behave like other markets when war breaks out.
The war is indeed in a ceasefire phase, and some people say the rise in Bitcoin prices is related to that situation.
But for me, this rise is proof that the Bitcoin market is still heavily influenced by the laws of supply and demand.

[Bitcoin_people]

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

The price of Bitcoin has changed a lot compared to before, we can already see the market fluctuating between $73k. Currently, the support in the Bitcoin market seems to be very positive, it may soon move higher. We saw that the market had a slight decline last month, but what is currently being seen is that it is starting to move upwards again. The market has recovered a lot from the level it was at before, so my opinion is that the market will rise further. Since it is April, I think the market is likely to stay above $80k and we can see a strong support. There was a short-term increase earlier, but given the stable situation of the market at the moment, it seems that it is very unlikely to go down.

[Majestic-milf]

80k in may why not?

We haven't really seen something that will make us feel it will happen. I like to be optimistic, but if I'm being realistic, I feel there'd be more bearish signals especially now that the "grace period" Trump gave to the Iranian government to lift the ban is expiring today the 11th of April, it's normal to say that we should expect more drops than surges. Although a lot can happen in a day, talk more of a month but for us to say Bitcoin price will rise to $80k, I feel that's a lot.

[STT]

Till it not only beats but confirms with confidence the Feb 5th red candlestick pricing we cannot be sure but BTC is setting up for an attempt higher with regular higher lows and higher highs on the 4hr chart.
   You can observe quite easily a plateau exists here, because of the prior trades and volume in this area it will easily represent as volume resistance now.   So its pivotal, moving up to resistance and selling off once again would still be normal occurrence.

I dont play games with bears, the standard rules should be followed till confident.  As a trade it remains with risk, that much alone can be a self fulfilling prophecy for traders hence the break up action that often happens, I do think BTC is good longer term but with a declining 200 day average you should remain cautious first.

[Doan9269]

With the way I'm seeing the market recently, it is likely to maintain the $70,000 range before we see a breaking out or further fall from the market at any time, but for now we can be rest assured that the market could be more bullish irrespective of the market condition that may trigger for any sudden change, while we should still never forget the ongoing season, because we cannot pretend not to know why we should remain on the deep even when the market is fast rising due to the current season we are into.

[Pandorak]

With the way I'm seeing the market recently, it is likely to maintain the $70,000 range before we see a breaking out or further fall from the market at any time, but for now we can be rest assured that the market could be more bullish irrespective of the market condition that may trigger for any sudden change, while we should still never forget the ongoing season, because we cannot pretend not to know why we should remain on the deep even when the market is fast rising due to the current season we are into.

For the time being, the market is indeed entering an uptrend phase. After previously moving in a sideways phase or within a specific price range, Bitcoin is now attempting to reach higher prices, with the target lying within the daily supply zone (resistance) in the $76k–$79k range, this is a key level, at the very least, the weekly candle must close above this price if Bitcoin is to resume its journey toward the SBR (support become resistance) level at $84k. On the other hand, this is a breath of fresh air, especially for traders, who can profit from the price difference resulting from this rise. Meanwhile, for investors, since their focus is long-term, not much has changed, they will simply continue buying as usual.

[Awaklara]

With the way I'm seeing the market recently, it is likely to maintain the $70,000 range before we see a breaking out or further fall from the market at any time, but for now we can be rest assured that the market could be more bullish irrespective of the market condition that may trigger for any sudden change, while we should still never forget the ongoing season, because we cannot pretend not to know why we should remain on the deep even when the market is fast rising due to the current season we are into.

Previously, there was speculation about Bitcoin's price being in the range of $65k-$75k. I think that's what will happen at least for a few weeks until the end of this month. 
We know that previously, Bitcoin was stuck for quite a while moving sideways in this bear market. When it crosses $70k, a decline will happen again in a short time. 
Currently, Bitcoin is at $73k, it might also move sideways around this price range. We might not be out of the bearish season yet.

[Cryptoprincess101]

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! 💬

We are in a bear season so don't expect that the price of bitcoin will continue with an uptrend when the market begins to show recovery signs. There is no solid support for the price to experience a prolonged uptrend so what we will just be seeing is an upwards and downwards movement which means that the price of bitcoin might be fluctuating around a familiar price until the end of this bear market. Whatever recovery you see now is just for the short term because it will still fall back again.   

[Iranus]

However, I disagree with the view that market cycles will never change. Although market cycle repeat once, but it can be broken at any time. There are currently no regulations requiring Bitcoin to follow a 4year cycle indefinitely.

What will it take though to change the cycle? Because I still believed that the 4 cycle will take effect because that's how everything works. The halving happens every 4 years and that's what the catalyst for the next cycle to change, from bear market->bull run->all time high->bear market again.

Bitcoin reached its ATH before the halving in this cycle, something that had never happened before. Is not that a change?

Have you heard anyone else in the market talking about how the halving was the catalyst for Bitcoin's surge in this cycle?  Instead, the market is interested in interest rate, inflation, geopolitics...right? Sooner or later, market cycles will change.

Market volatility depend on cash flow, investor sentiment, and macroeconomic factor. Once these factor change, the market cycle will also change, and that will happen because the economy does not follow any fixed pattern.