Safe

JD Vance

Bitcoin

Safe Haven

<p>Bitcoin dipped below $72,000 after Vice President JD Vance announced that the US failed to reach a deal with Iran during negotiations in Pakistan. The market reacted with a big sell‑off, pushing BTC to a low near $70,500.</p>
<p>Despite the geopolitical headline, the $70,000 level continues to act as strong support. Buyers stepped in quickly, and price has already bounced back toward $73,500 as of the latest 4‑hour candle.</p>
<h2 class="wp-block-heading" id="850-000-btc-accumulated-in-the-60k-70k-range-glassnode-data-confirms">850,000 BTC Accumulated in the $60K‑$70K Range – Glassnode Data Confirms</h2>
<p>Crypto Patel shared a Glassnode Entity‑Adjusted URPD (UTXO Realized Price Distribution) chart on X. The data shows that roughly 850,000 Bitcoin (more than 9% of the total supply) was accumulated in the $60,000‑$70,000 price range this year. These coins are locked up, bought, and held.</p>
<p>The URPD chart highlights massive volume clusters between $60,000 and $70,000, with a noticeable peak near $67,000‑$68,000. This is conviction accumulation. Crypto Patel calls it the foundation of the next bull run being built in real time.</p>
<figure class="wp-block-image aligncenter size-large"><img width="1024" height="576" src="https://captainaltcoin.com/wp-content/uploads/2026/04/image-663-1024x576.png" alt="">
 <figcaption><strong>Source: <a href="https://x.com/CryptoPatel/status/2043199937257591234?s=20" rel="noopener noreferrer nofollow">X/@CryptoPatel</a></strong>
 </figcaption>
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<p>When a big portion of supply changes hands inside a range and does not move higher or lower, it creates a strong support zone. That range now acts as a launchpad for the next leg up.</p>
<p><em><span><strong>Read also: <a href="https://captainaltcoin.com/is-bitcoin-still-a-safe-haven-in-2026-or-has-that-changed/" rel="noopener noreferrer nofollow">Is Bitcoin Still a Safe Haven in 2026, or Has That Changed?</a></strong></span></em></p>
<h2 class="wp-block-heading" id="against-wall-street-the-downtrend-is-officially-over">Against Wall Street: The Downtrend Is Officially Over</h2>
<p>The analyst account “Against Wall Street” posted a bullish 4‑hour Bitcoin chart on Coinbase. The tweet reads: “Bitcoin’s new bull trend just started. The downtrend is OFFICIALLY over. For this rally to be the real, sustained one… we need to smash above $75K and hold a daily close there. Momentum has finally flipped in our favor. WAKE UP, the train is leaving the station.”</p>
<figure class="wp-block-image aligncenter size-large"><img width="1024" height="677" src="https://captainaltcoin.com/wp-content/uploads/2026/04/image-662-1024x677.png" alt="">
 <figcaption><strong>Source: <a href="https://x.com/aganstwallst/status/2043044602173702409?s=20" rel="noopener noreferrer nofollow">X/@aganstwallst</a></strong>
 </figcaption>
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<p>The attached 4‑hour chart shows Bitcoin breaking above a descending trendline that capped price action since the January highs. The chart also displays higher lows forming near $70,000, with resistance now being tested at $73,500‑$74,000.</p>
<p>The analyst marks key buy signals and a shift in market structure from lower highs to higher lows. The immediate condition for confirmation is a daily close above $75,000. Until then, the downtrend is considered broken on the 4‑hour timeframe, and momentum has flipped bullish.</p>
<p>Overall, the combination of massive accumulation in the $60K‑$70K range and the technical breakout above the 4‑hour downtrend suggests that <a href="https://captainaltcoin.com/bitcoin-btc-price-could-be-ready-for-a-new-low-below-50000-if/" rel="noopener noreferrer nofollow">Bitcoin’s bearish phase</a> is behind us, but a confirmed daily close above $75,000 remains the final green light for a sustained rally.</p>
<p><em><strong>Subscribe to <a href="https://www.youtube.com/@Captain-Altcoin" rel="noopener noreferrer nofollow">our YouTube channel</a> for daily crypto updates, market insights, and expert analysis.</strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/crypto-experts-warn-bears-bitcoin-price-downtrend-is-over/" rel="noopener noreferrer nofollow">Crypto Experts Warn Bears: Bitcoin Price Downtrend Is Over</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Crypto Experts Warn Bears: Bitcoin Price Downtrend Is Over

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