Bitcoin price prediction: BTC bounce to $71K possible?
Bitcoin price prediction signals a short-term rebound, but the broader trend remains bearish. Over the weekend, BTC bounced 8.6% from $59.1K to $64.2K, with bulls failing to break the same resistance zone around $64.2K on Monday.
Analyst Axel Adler noted net taker volume improved over the weekend, which helped lift prices toward $64K. However, this buying pressure is not strong enough to reverse the higher-timeframe selloff. The Bitcoin realized profit/loss 7DMA has stayed negative for 22 straight days and has not approached historical bottoms of realized losses, suggesting stressed conditions and continued capitulation behavior.
On the 4-hour chart, the structure remains bearish. The current bounce has not reached key Fibonacci retracement levels such as $66.8K or the reported $71.2K. Sellers are moving holdings at a loss, and sentiment is described as extremely bearish.
Bitcoin price prediction takeaway: a bounce up to ~$71.2K is technically possible, but traders should watch the more likely scenario—bearish continuation from the overhead supply zone near $65K–$66K. A move above $70K would not automatically imply a trend reversal.
(Informational only; not investment advice.)
Bearish
The article frames the move as a bounce inside a bearish market structure rather than a full reversal. Even though weekend net taker volume improved and BTC rebounded from ~$59.1K to ~$64.2K, the higher-timeframe bias remains firmly bearish. The key confirmation is the realized profit/loss 7DMA staying negative for 22 consecutive days without reaching historical loss-capitulation bottoms—this often aligns with periods where sell pressure continues to dominate and rallies get sold.
Technically, the 4-hour chart has not reached major Fibonacci levels ($66.8K and $71.2K). With overhead supply expected near $65K–$66K, traders are likely to treat any push toward $70K as a potential selling opportunity unless demand expands meaningfully.
Short-term: volatility may increase as price tests resistance ($64.2K) and potential upside targets ($66.8K/$71.2K). Long-term: unless realized losses stabilize near historical bottoms and demand/flows persist beyond the bounce, the market could continue the broader bearish continuation. This resembles prior “relief rally then supply zone rejection” patterns where brief buying traction fails to flip trend.