Bitcoin (BTC) has been in consolidation between $62,000 and $75,000 over the 25 days of the US-Iran military conflict.
Source: CoinMarketCap
At press time, the flagship cryptocurrency was trading at $70,748, having gained 1.3% in the day following reported peace talks between the rival nations.
The positive price action is also attributed to a year-to-date reversal in Bitcoin ETF outflows, with $2.5 billion in inflows over the past month alone.
A short squeeze could have triggered further buying pressure as investors sought to cover their losses (short-position liquidations rose to $48.2 million on the day).
Another reason is increased investor accumulation, as shown by blockchain intelligence firm Glassnode. 10,485 BTC has been offloaded from exchanges in the past week, bringing Bitcoin balances to an all-time low of 2.4 million. Long-term holders have expanded their BTC portfolios, adding about 33,000 BTC in the past month.
Still, prices remain below $75K due to insufficient buying pressure despite tight supply.
In the past, Bitcoin prices have plunged roughly 850 days after a halving. At around 700 days post the 2024 halving, it would appear we are almost due for a repeat in history.
Source: Crypto Rover
Crypto market intelligence division K33 Research supports this theory, identifying $60K as a likely upcoming bottom fueled by negative funding.
To add on to that, Bitcoin’s “electrical cost” (break-even mining price) has declined below $60K from $70K in Q4 2025. Historically, reduced miner profitability coincided with price floors. This has been the argument among analysts, including those at Kalshi prediction markets, in their forecasts of a low of $48K.
Source: Trading View
Gold permabull Peter Schiff warns of a financial crisis brought on by inflationary pressures from rising oil prices.
The more optimistic traders argue that BTC could be poised for an uptrend, which has historically coincided with a rise in gold prices.
Source: Trading View
Which direction the coin will take remains to be seen, with looming geopolitical tensions and Fed action as key catalysts for price movement.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
A 40x return target isn't something Wall Street throws around casually. Yet that's exactly what…
The AAVE price is back on traders’ radar after rallying 15% intraday, bouncing from the…
T. Rowe Price, the 89-year-old investment giant that manages approximately $1.9 trillion in assets for…
AAVE price is back in focus after climbing to around $77, recovering sharply from its…
The market loves momentum, and AERO price had plenty of it today. The token surged…
SpaceX closed its first trading day at $161 a share, up more than 19%, and…
