World Liberty Financial USD

Bitcoin’s relief rally is facing selling pressure near $72,000, but technical charts suggest a bullish bias. Will altcoins follow in BTC’s footsteps?

Bitcoin gained momentum as data showed buyers are starting to dominate volumes on Binance, with a $90,000 BTC price target on their radar.

Bitcoin buy-side activity in the spot and futures markets supports the current rally toward $72,000, while short-term holders eased up on selling, increasing the chances of bulls taking control of BTC's price direction.

Bitcoin bulls failed to stay above $72,000 for long as BTC price action already began to discount the impact of a US-Iran ceasefire agreement.

ZEC's latest rebound resembled bounces witnessed during the 2021 bear market, raising the odds of a 40% correction in the coming weeks.

Bitcoin rose toward $72,000 after US President Donald Trump confirmed a ceasefire agreement with Iran, sending oil prices crashing below $100.

Ethereum analysts said buyers were back in control, but holding the $2,000 support was key to reversing the market structure.

The Bitcoin supply held in long-term investor wallets moved above 4 million BTC, while a network activity index flashed a “bull phase” signal.