Bitcoin Holds Near $71,500 Resistance With Risk of Drop Toward $68,000

Bitcoin has repeatedly failed to clear resistance in the $71,500–$73,000 area after briefly trading above $73,000, keeping price capped near $72,000 and raising the risk of a move down toward $68,000, Bitcoinsensus reports. The $71,500 level, which acted as the top of a trading range before a rally toward about $126,000 by October in mid-2025, is again proving pivotal as BTC struggles to hold above $70,000 and forms lower highs. From the current high-volume POC region, BTC could either extend gains from around $70,500 or be rejected and revisit the lower POC zone near $63,000, while rising oil prices, higher Treasury yields and only moderate support from Bitcoin ETF inflows continue to weigh on risk appetite.