What comes after the return of 70 thousand dollars for BTC?

Bitcoin is pushing into a more decisive part of its recovery. After spending weeks recovering from February’s dip, the market is no longer just holding back. Now it’s pressing against a key resistance cluster around $80k, which is the kind of area where a simple terrain rally will either turn into something bigger or be rejected into the range.

Bitcoin Price Analysis: Daily Chart

The daily chart is improving, but it is not yet fully up. BTC was able to rise above the blue demand area near $60k to $62k and is now moving into the old breakout zone around $75k to $80k. This is an important development because this yellow zone acted as support before the market lost it during the broader decline. Reaching it again indicates that buyers have regained some control, but taking it back is a different matter altogether.

The wider structure still requires caution. The price remains below the 100-day and 200-day moving averages, and both are still lower, which means that the macro trend is yet to be repaired. In other words, BTC is consolidating into oversupply while sitting below major trend filters. If buyers can force daily acceptance above the $75k level, the technical picture will materially improve. Otherwise, this update remains part of a larger correction phase.

4-hour BTC/USDT chart

On the 4-hour chart, the recovery is much cleaner. Bitcoin is carving out an ascending structure with lows, and the last leg of the higher push brings the price right back to the upper boundary of this formation. The market is no longer moving up. It suppresses active resistance, and this usually occurs before a breakdown or severe reaction.

Momentum supports the idea of ​​short-term strength and the RSI pushes to the upper end of the range. However, this also means that BTC is reaching resistance at a rate that has already been extended. So the next move is important. A fresh break above the channel and supply band between $73,000 and $75,000 suggests continuation of the upper future zones. A rejection here, on the other hand, is likely to bring the price back to the average and keep the market in consolidation for a long time.

Chain analysis

The background of the chain adds an interesting twist. Bitcoin’s adjusted SOPR is still below 1, which means that coins moving on the chain are still spending at a loss on average. This usually occurs during correction or transition phases when the market has not yet fully returned to profit-taking behavior. So, despite the recent price recovery, network data shows that the broader recovery is not completely over.

At the same time, aSOPR is recovering from its recent lows, which is the first sign of improving conditions. This does not automatically confirm a new phase of expansion, but it does indicate that the worst of the capitulation pressure is already behind the market. In other words, the price is testing the resistance while the chain behavior is trying to recover. If these two match through a confirmed breakout on the chart and bounce back from 1 on the aSOPR, the outlook for Bitcoin will be much stronger.