Bitcoin Hits Resistance Near $70,000 After Post-Attack Rebound

Bitcoin's rebound after the US-Israeli strikes on Iran faltered near $70,000, with sentiment the most fearful since 2022.

“Bitcoin rebound has hit a wall at $71,000 with sentiment at most fearful since 2022 Trading data show a broad risk-off unwind, with spot volumes on major exchanges down about 30% since late 2025 and retail participation fading What to know: - Bitcoin’s sharp rebound from last week’s plunge into the low-$60,000s has stalled near $70,000, leading traders to view the move as a classic bear-market relief rally rather than the start of a new uptrend”

CoinDesk

Spot volumes on major exchanges were down about 30% and retail participation was fading.

CoinDesk

Bitcoin was approaching a heavy resistance band around $70,000, a key pivot zone.

XTB observed Bitcoin had risen about 10% since the US attack on Iran after initially dropping to $63,000.

MarketPulse attributed momentum fade to escalating Middle East tensions and risk-off sentiment.

Institutional investors continued to buy the dip despite fragile technicals.

The post-attack rally was a momentum-driven bounce evaporating at key resistance.

FOREX

Heavy overhead supply, fragile sentiment and thin liquidity could trigger another test of long-term support.

Bitcoin behaved more like a high-risk asset as traders fled to safety.

“Referenced assets - Bitcoin failed its second attempt at a $70,000 breakout”

MarketPulse

USD strength had not triggered declines in crypto, suggesting oversold conditions.

The broader trend remained under pressure despite the rebound.