Bitcoin (BTC) hovered just under $70,000 during Monday’s Wall Street open, with analysts attributing the pause to profit-taking pressure.
Data from TradingView showed BTC briefly hitting $70,275 on Bitstamp before consolidating. Analysts noted that approaches to the $70K–$80K range have consistently met thin liquidity and profit-taking, capping gains. Glassnode reported realized profit spikes above $20 million per hour as price neared $70K, signaling local exhaustion.
Crypto trader Michaël Van de Poppe said breaking $71,000 could act as a springboard toward $80,000, highlighting strong momentum despite market volatility. “Given oversold conditions, a relief rally may quickly shift sentiment,” he noted.
Meanwhile, US-Iran tensions added uncertainty. Former President Donald Trump warned Iran would face severe consequences if no deal is reached, intensifying investor caution.
Traders also observed weekly patterns, with Mondays and Thursdays historically marking highs and lows in 2026’s trading ranges, suggesting short-term volatility could continue.
