Analysts Warn Weak Relief Rally Above $71k, Bitcoin Risks $50k Drop

Analysts say Bitcoin’s latest pop above $71,000 is a weak relief rally. They warn of heavy resistance overhead and room for a deeper pullback.

In an X post, Crypflow said relief rallies are losing strength each cycle. He compared prior bear markets to now and flagged a lower peak bounce this time.

- 2014 bear: rallies up to 100% source
- 2018 bear: 50% to 90% source
- 2022 bear: up to 45% Bitcoinist
- Current cycle: largest ~26% so far Bitcoinist

Bitcoin briefly pushed above $73,000 as U.S.–Iran peace talks took place, then slipped back near $71,000 after talks broke down NewsBTC. Donald Trump said the U.S. will impose a blockade in the Strait of Hormuz after the failed talks Truth Social.

Benjamin Cowen wrote that BTC likely remains in a bear market despite countertrend rallies. “The hardest part of mid-term years is just not believing in every single rally” X.

Doctor Profit expects a large downside move in the coming weeks. He warned of a bull trap that could drive BTC into the $50,000 range and lower X Bitcoinist. He said the bottom isn’t in, assigning high odds to a relief rally toward $76,000 before rejection, and medium odds to $79,000–$84,000, while also calling for an S&P 500 crash within two months Bitcoinist.

BTC trades around $71,000 at press time price.

Headline: Analysts flag weakening Bitcoin relief rallies; downside risk persists near $71,000