Bitcoin repeatedly frustrated by the $72,000 wall, when will a true rebound come?

▲ Bitcoin (BTC) ©

Bitcoin (BTC), the market leader, has once again been frustrated by its inability to breach the strong $72,000 resistance level, leading to a pessimistic outlook that it will be difficult to escape the current boring sideways trading range until macroeconomic conditions improve and geopolitical tensions ease.

According to cryptocurrency media outlet Watcher.Guru on April 8 (local time), Bitcoin has repeatedly reached the $71,000-$72,000 range only to fall back due to selling pressure throughout the 2026 market cycle. According to CoinGecko data, Bitcoin's price has fallen by 1% over the past 24 hours and by 6.3% since April 2025. However, it still maintains limited gains over other timeframes, rising 6.5% weekly, 0.1% over 14 days, and 2.1% over the past month.

The main reason Bitcoin consistently struggles at this particular price level is closely related to investors' average purchase price. Many market experts analyze that the current average purchase price of Bitcoin is higher than the strong resistance level, which means that new buying demand quickly dries up in the $72,000 to $73,000 range, inevitably causing the price increase to stall.

The deep uncertainty in the macroeconomic environment is also strongly holding Bitcoin back. Although the recent agreement between the U.S. and Iran on a two-week temporary ceasefire seemed to inject healthy upward momentum into the overall cryptocurrency market, the rally was short-lived as demand quickly faded. Furthermore, the likelihood of the U.S. Federal Reserve cutting interest rates at its April meeting is very low. A high-interest rate environment significantly reduces investors' preference for risk assets, making it difficult to expect significant capital inflows into the market until a full-scale interest rate cut is implemented in the second half of this year.

The possibility of military conflict between the U.S. and Iran, whose embers have not completely died out, also acts as an undeniable downward pressure. If the promised two-week ceasefire period ends and military operations escalate again, the virtual asset market is likely to face a deeper price correction and suffer from selling pressure.

Consequently, the current virtual asset market is far from a complete recovery, and investors' willingness to take risks has bottomed out, leading to an extremely cautious state. It is expected that the cryptocurrency market, including Bitcoin, will continue to fluctuate uneasily within its current narrow range until macroeconomic indicators clearly improve and geopolitical tensions originating from the Middle East fully subside.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*