#CanBitcoinReclaim$70K?

My Detailed View: Can BTC Reclaim $70,000 After Stabilizing Around $67,000, and Whether the Disappearance of the “10 o’clock Dump” Signals a Structural Shift in Market Control

From my point of view, Bitcoin stabilizing around the $67,000 level is a very important sign that the market is transitioning from a weak phase into a potential accumulation phase. Previously, the repeated “10 o’clock dump” created a pattern of predictable selling pressure, which appeared to be systematic and possibly driven by large institutional participants or automated trading systems. This kind of repeated timed selling usually prevents strong upward momentum because buyers lose confidence and expect further drops. However, the fact that this selling pattern has disappeared for several consecutive days suggests that the selling pressure may have weakened or paused. While it is not possible to confirm with certainty that the lawsuit directly caused this change, regulatory attention often forces large participants to act more cautiously. As a result, the disappearance of consistent timed selling could indicate that the market is becoming more balanced between buyers and sellers, which is a necessary condition before any sustainable upward move can occur.
In my analysis, the most critical resistance zone that Bitcoin must overcome is between $68,500 and $70,000. This range previously acted as a major supply zone where sellers entered aggressively and pushed the price downward. Many traders who bought near this level and experienced losses may attempt to sell once the price returns to this area, creating temporary resistance. In addition, the $70,000 level itself is a major psychological barrier. Psychological levels play a powerful role in financial markets because traders naturally focus on round numbers. Breaking above such a level requires strong conviction from buyers and significant volume support. If Bitcoin approaches $70,000 without strong volume, it is more likely to face rejection and temporary pullback. However, if strong volume enters the market and price closes firmly above this resistance, it would signal that buyers have regained control and that a new upward trend may begin.
Looking at the broader market structure, I believe Bitcoin is currently in a consolidation and accumulation phase rather than a distribution or bearish phase. During accumulation, large investors and institutions slowly build positions over time instead of buying all at once. This process often results in sideways price movement and volatility, which can appear uncertain or weak to smaller investors. However, this phase is actually constructive because it transfers assets from weaker hands to stronger hands. The longer Bitcoin can maintain stability above key support levels such as $65,000–$67,000, the stronger the foundation becomes for future upward movement. Stability at these levels indicates that buyers are willing to defend these prices, reducing the probability of a major collapse.
Liquidity and broader financial conditions also play an important role in this situation. Markets do not move based solely on technical levels; they are heavily influenced by capital flows and investor confidence. When large investors expect favorable conditions in the future, they begin accumulating during consolidation periods. This accumulation may not immediately push prices higher, but it reduces available supply over time. Once demand increases and supply becomes limited, upward price movements can occur more rapidly. The current stabilization suggests that selling pressure is no longer dominant, which increases the probability of gradual upward continuation if demand continues to strengthen.
In terms of my personal strategy, I prefer gradual accumulation rather than waiting completely or entering all at once. Entering gradually reduces the risk of poor timing and allows me to benefit if the market begins moving upward unexpectedly. At the same time, I am closely watching volume behavior near the $70,000 resistance level. A strong breakout with high volume would confirm that bullish momentum has returned and that the market may enter the next expansion phase. Waiting only for confirmation can reduce risk, but it also increases the chance of entering at higher prices. Therefore, gradual accumulation during consolidation provides a balanced approach between risk and opportunity.
Overall, I believe Bitcoin’s current behavior reflects strengthening market structure rather than weakness. The disappearance of the consistent “10 o’clock dump” suggests that aggressive selling pressure has reduced, and the market is becoming more stable. If Bitcoin successfully breaks and holds above the $70,000 resistance level with strong volume support, it would confirm that buyers have regained full control and that the next bullish phase is likely beginning. Until then, consolidation and gradual accumulation remain the most probable scenario before the next major directional move.

#BTC能否重返7万美元？