Bitcoin Price Prediction: BTC Eyes $70K Return as US-Iran Tensions Appear to Cool

Bitcoin survived. After a series of geopolitical nerves and market uncertainty, Bitcoin finally went back up to the $70,000 mark. What triggered this? The resolution of US-Iran tensions and a general relief in the markets. When the mood changes, so does the market, and Bitcoin certainly did so in a way you would expect.

Crypto analyst Crypto Patel put out a detailed chart breakdown that lays out two clear paths for the BTC price in the coming weeks. His analysis focuses on a couple of resistance zones that will likely determine whether this rally keeps going or hits a wall.

The order blocks sitting above Bitcoin that could define the next move

The BTC price spent weeks getting crushed under the weight of geopolitical fear. Every time tensions flared between the U.S. and Iran, risk assets sold off. It was the same story over and over. Investors ran to safety, and crypto took the hit. But the narrative flipped when things started calming down. The BTC price climbed back to $70,000, and suddenly the conversation changed.

That $70,000 level matters. It always has. It is one of those psychological lines in the sand where traders either get confident or get scared. Patel points out that reclaiming this zone tells us buyers are still willing to show up. The question now is whether they have enough firepower to push through what comes next.

Patel identifies two bearish order blocks sitting directly above current price. The first one lives between $75,000 and $79,000. That is a zone where sellers stepped in aggressively during the downtrend, and you can bet some of those orders are still sitting there waiting. 

The second block is higher, between $86,000 and $90,000, representing the next layer of supply if the first one gets broken. Patel’s advice is simple. Watch how price reacts at these levels before making any moves. Patience pays here.

The bearish structure has not gone away – the levels that actually matter

The daily chart shows a clear series of lower highs and lower lows dating back to the all-time high near $100,000. Every rally attempt made a lower high and then rolled over. The February breakdown to $60,000 confirmed that the structure is still alive.

The run-up from around $60,000 seems like a relief rally in a larger downtrend. Bitcoin would need to reclaim around the $97,000-$98,000 region for a true change in momentum.

On the downside, $60,000 is a key level for Bitcoin. While it held up a rapid fall in price previously, a fall through this region would likely lead to a rapid drop in price toward around $53,000, or even lower toward $50,000 if that region gives way.

What’s next for Bitcoin

The next few weeks will decide. If the BTC price clears $75,000 to $79,000 with conviction, higher targets open. Rejection there sends the price back toward $60,000. Buyers are back, but the structure hasn’t flipped. The levels will tell.

CoinCodex’s 1-month BTC price forecast places Bitcoin around $78,840, pointing to a measured climb toward the lower end of the $75,000–$79,000 resistance zone.