Market analysts suggest that even if Bitcoin revisits higher resistance levels, those zones may attract bearish positioning rather than sustained upward momentum.
Over the past week, Bitcoin has shown weak price action, repeatedly failing to break above 70000 dollars. This has left the asset trading within a narrow range between 66000 and 68000 dollars. On Monday, it recorded a modest gain of about 2 percent, briefly moving above 67700 dollars.
Analysts caution that geopolitical tensions are undermining bullish momentum, making traders less confident about a sustained rally despite short term recovery signals.
Capital Outflows Continue to Pressure Bitcoin
On chain analyst Willy Woo stated that based on traditional valuation models, Bitcoin could find a bottom between 46000 and 54000 dollars, with a potentially longer recovery period. In a recent post, he noted that capital held in Bitcoin has been declining since November, indicating ongoing outflows.
He also pointed to the CVDD Floor model, currently near 45500 dollars, which continues to trend upward and may act as a support level.
However, Woo warned that these models rely on historical data from only four previous bear markets, all of which occurred during a broader long term uptrend in global risk assets. If that macro environment weakens, Bitcoin could move into unfamiliar territory, increasing the likelihood of a deeper and more prolonged downturn.
Supporting concerns about the fragile macro backdrop, another well known analyst has dismissed the recent price rebound as temporary.
Bitcoin Bottom May Not Be Established Yet
Crypto analyst Doctor Profit maintains a bearish outlook, stating that recent price movements do not confirm a trend reversal. According to his analysis, Bitcoin is still in a consolidation phase and could see additional short term gains, potentially reaching the 79000 to 84000 dollar range.
Despite this possibility, he argues that the risk to reward ratio does not favor long positions. Instead, he continues to focus on short strategies, planning to add positions if Bitcoin approaches that higher range.
He estimates a moderate chance of Bitcoin reaching those levels but warns that ongoing geopolitical risks make bullish exposure less appealing. Doctor Profit also emphasized that he does not believe the market has reached its bottom and still considers Bitcoin to be in an active bear phase. In a separate view, he suggested a likely bottom range between 35000 and 45000 dollars.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
