Bitcoin tapped $70,000 as markets looked beyond geopolitical tensions and broader sentiment improved on Monday.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $69,010
Ethereum (CRYPTO: ETH) $2,038
Solana (CRYPTO: SOL) $87.30
XRP (CRYPTO: XRP) $1.39
Dogecoin (CRYPTO: DOGE) $0.09534
Shiba Inu (CRYPTO: SHIB) $0.055626

Notable Statistics:

  • Coinglass data shows 113,307 traders were liquidated in the past 24 hours for $440.64 million.
  • SoSoValue data shows net outflows of $27.6 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $43 million.
  • In the past 24 hours, top gainers include NEAR Protocol, Virtuals Protocol and Morpho.

Notable Developments:

Trader Notes: Crypto chart analyst Ali Martinez said if Bitcoin breaks and holds above $68,160, the next significant resistance zone lies between $83,307 and $84,569, a region that could define the next major expansion phase.

CryptoCon added that a relief bounce following the first bear market low is historically expected. According to his Halving Cycles Theory, price action is aligning closely with prior cycles in both timing and structure, particularly around the first Bear Bands low.

However, he cautioned that the next major cycle low may still be months away. Under his framework, key downside levels include $44,500 for the second low band and approximately $28,500 for the projected cycle bottom band, suggesting the broader bear market structure may not be complete.

Daan Crypto Trades noted Bitcoin has reclaimed the high-volume region within its current range, signaling short-term strength. For sustained upside continuation, he identified $72,000 as the key breakout level. A decisive move above that zone could open the door for further expansion.

On the downside, $68,000 remains the critical support to hold. Losing that level would weaken the current bullish momentum sparked by the latest push higher.

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