Bitcoin Enters Buy Zone That Sparked 660% and 1,700% Rallies

Crypto analyst Vivek reports Bitcoin has entered a buy zone that preceded rallies of 660% and 1,700% in previous cycles. This comes as BTC dips to the lower $70,000 range amid stalled U.S.-Iran peace talks.

Analyst Altcoin Sherpa expressed low confidence in BTC's near-term price action, predicting a potential drop to $70,000 or lower. BTC briefly surged above $73,000 after President Trump announced lifting the Strait of Hormuz blockade, but uncertainty remains.

Meanwhile, analyst Colin reiterated a bearish thesis, noting Bitcoin has historically dropped 77% from peak to bottom. A 70% decline from its October high of $126,000 would put BTC near $38,000. He links potential further downside to delayed effects of low oil reserves and the U.S.-Iran conflict.

Currently, Bitcoin trades around $73,300.