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The price of Bitcoin continues to trade under sustained pressure, as it struggles to recover the $70,000 level. BTC remains locked in an ongoing downward trend that has limited upward attempts for several weeks.
Data from the historical cycle and current signals on the chain indicate that the negative conditions will not be over. While short-term increases are occurring, structural indicators suggest that Bitcoin may be restricted below $70,000.
Bitcoin history indicates continued pressure
The BP Cycle Peak indicator provides important context forThe current stage of Bitcoin. This measure uses the 111-day moving average and twice the 350-day moving average. When these averages meet, the market is considered to be overheating.
When the gap between the moving averages widens, the asset is often seen as undervalued. In the current session, Bitcoin shows neither extreme, but rather seems to be in the middle of a broader bearish phase.
History has shown that the average bearish periods in Bitcoin’s four-year cycle last a year or more. In previous cycles, similar structures kept the price low before eventually recovering.
The current gap between the 111 average and the 350 average multiplied by 2 indicates a continuation of the trend rather than a recovery.
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The rate of profit on the spent production also reinforces the cautious outlook. SOPR remains below the critical level 1, which indicates that many investors are selling at a loss. A sustained SOPR reading below 1 indicates limited profitability among market participants.
This situation prevents recovery attempts. He often reflects Bitcoin investors sell and lose Behavior driven by fear. Until SOPR moves consistently above 1, the price of Bitcoin may struggle to build sustainable upward momentum.
The downward trend of Bitcoin price continues
Bitcoin is trading at $66,443 at the time of writing, and remains trapped below a resistance line that has been active for nearly a month. Repeated failures to break through this barrier highlight persistent weakness. In the absence of strong buying pressure, BTC may settle below this trend line.
The Cash Flow Index reading indicates active selling pressure. Cash flow index data shows that capital flows still dominate inflows. Global global uncertainty and geopolitical tensions increase the tendency to avoid risk. This climate favors cautious positions and strongly limits the accumulation of new positions.
Under these conditions, the price of Bitcoin can continue to fluctuate within a limited range. If the $65,000 level is broken to the upside, the $62,893 support will be exposed to a possible test. This level has already been tested twice this week, increasing the risks if selling increases.
A change in general mood can change the course. If Bitcoin can maintain the support of $66,224 and attract new flows, it can test the resistance of $68,830.
A strong break above $70,000 will allow the invalidation of the current negative outlook, and indicate a return to the structural strength of the currency.
