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Bitcoin Rejected at $72,000 Again: How Long Until the Next Breakout to $71K?

Bitcoin Rejected at $72,000 Again: How Long Until the Next Breakout to $71K?

WatcherWGuru
Release Time:
2026-04-09 06:02:00
0

Bitcoin faces a critical warning after another sharp rejection at the $72,000 resistance level, signaling a potential 10% correction is imminent. The flagship cryptocurrency has failed to sustain momentum above this key psychological barrier multiple times in recent months, with price action now showing a 1% drop over 24 hours and a 6.3% decline since April 2025. Despite near-term pressure, broader bullish structure remains intact with weekly gains of 6.5%, keeping the path open for the next major breakout attempt.

Bitcoin price chart

Source: CoinGecko

How Long Until Bitcoin’s (BTC) Next Break Out?

bitcoin btc rocket rally

Source: WatcherGuru

Bitcoin (BTC) climbing to the $71,000-$72,000 mark and then facing a rejection has become a recurring pattern in the 2026 market cycle. Many experts point to BTC’s average buying cost being higher than its current resistance level. This leads to less demand above the $72,000-$73,000 level, consequently, leading to a price rejection.

The crypto market showed some promise after the US and Iran agreed to a two-week ceasefire. Bitcoin (BTC) displayed a healthy momentum, pulling the larger crypto market along with it. However, the momentum did not last, and demand fizzled out.

Moreover, the chances of an interest rate cut from the Federal Reserve after its April meeting are quite slim. Higher interest rates often leads to less risky investments. Bitcoin (BTC) may not see increased inflows until the Federal Reserve lowers interest rates, which may not happen till later this year.

Moreover, the US-Iran conflict may not be completely over just yet. The two-week ceasefire could come to an end, and military operations could re-escalate. Such a scenario may lead to further price corrections for the crypto market.

The crypto market is far from recovered, and risk appetite among investors is extremely low. Bitcoin (BTC) and the larger cryptocurrency market will likely continue to oscillate around current levels until the larger economy improves, and geopolitical tensions cool off.

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