Bitcoin’s 72,000-Dollar wall signals the most difficult phase of its cycle yet

BitcoinBTCOnchain data showed that BTC entered the top 10 most volatile currencies on Tuesday. “challenging” The cycle phase.

Takeaways from the conference:

• Bitcoin prices remain range bound after another rejection of $72,000.

• The most recent data on the rise in supply of loss suggests that it is likely to be the highest. “psychologically challenging” We are now in the phase of the bear markets.

• Bitcoin has to break through the resistance of $72,000 in order for it to be able stop its downtrend.

Bitcoin’s cycle is at its most challenging phase

Bitcoin enters a phase of rapid growth. “elevated uncertainty” Where market participants are more hesitant than confident. according CryptoQuant analyst MorenoDV_.

“A combination of 3 key onchain metrics suggests that the market may be navigating one of the most psychologically challenging phases of the cycle,” MorenoDV_ said.

Related: Arthur Hayes says he’s waiting to buy Bitcoin until Fed eases policy

The Bitcoin Bull-Bear Market Cycle indicator is one of them. It tracks investor sentiment on the BTC markets and shows that the market has entered a phase of bearish consolidation after the rapid decline from the cycle high.

The following is a list of all the languages that are spoken in this country. “a period that historically tends to frustrate both bulls and bears,” The analyst stated.

It is also backed up by apparent demand. Chart above shows the short-lived spike in Bitcoin demand that occurred in February. “with demand quickly slipping back into negative territory,” MorenoDV_ said.

Lack of persistent buying pressure suggests that participants on the market are still cautious and reluctant to accumulate aggressively at current levels.

The Long-Term Holding SOPR has fallen below the critical threshold of 1 indicating that even the long-term holders are experiencing losses.

“Historically, this phase tends to emerge in the later stages of bear markets, when prolonged uncertainty begins to erode even the strongest conviction.”

Meanwhile, Bitcoin supply in loss is rising again, currently approaching the 40–45% range, up from 22% in mid-January.

Historically, levels like these have appeared in deep correctional phases as we saw in 2015 and 2019, or 2022. This reflects a market under stress, and sellers capitulating.

In the chart below, it is shown that historically macromarket bottoms form when loss in supply rises to 50%.

“Supply in loss is increasing again, indicating rising market stress,” CryptoQuant analyst, Woominkyu said, adding:

“If historical patterns repeat, the current level may represent the early phase of a bear market rather than the final bottom.”

The following are some of the ways to get in touch with us. Cointelegraph reportedAnalysts predict that Bitcoin’s bear market will continue into 2026. Some predictions are as low as $30,000

Bitcoin’s major resistance level remains at $72,000

Bitcoin made several failed attempts to climb above $72,000. This level has suppressed its price since early march.

“Another rejection at the range high for the time being,” said Daan crypto Trades posted a X on Tuesday referring to Bitcoin’s pause below $72,000 Additions to the Tuesday:

“Still in the range and markets are in general very indecisive.”

The chart in the accompanying article showed that $72,000 is the critical level on BTC’s chart for four hours. Breaking this level can attract new investors if the market price breaks its range.

BenCrypz is a fellow analyst said Clean breakouts above $72,000 “could trigger stronger bullish momentum and open the path toward higher levels.”

“However, if this resistance holds again, BTC could rotate back toward the $69K mid-range or even revisit the $66K support zone.”