Bitcoin Struggles to Break $70K Amid Profit-Taking, Trump's Iran Remarks Add Uncertainty

Bitcoin (BTC) faced resistance at the $70,000 level following a push to new April highs, with analysts attributing the price stagnation to profit-taking activity. As the U.S. trading session began, BTC consolidated below $70,000 on Bitstamp after reaching $70,275. Market nerves over potential U.S.-Iran conflict also contributed to cautious trading behavior.\n\nOnchain analytics firm Glassnode highlighted internal market dynamics as a key factor in the price stall, noting a spike in Realized Profit/hour above $20 million as traders locked in gains. Pseudonymous trader LP observed that Mondays and Thursdays have historically marked the weekly trading range extremes in 2026, with Monday's price action increasing the likelihood of forming a weekly high.\n\nMeanwhile, U.S. President Donald Trump reiterated his stance on Iran during a military event, stating the country would 'have no bridges' and 'no power plants' without a deal. Trump set a deadline of 8 p.m. Eastern time Tuesday for a resolution, though no immediate escalation signals emerged.\n\nCrypto analyst Michaël Van de Poppe noted strong momentum in Bitcoin's initial push to $70,000 but warned against following blanket market pessimism. He pointed to oversold conditions and on-chain indicators resembling past market bottoms in 2018, 2020, and 2022 as potential precursors to a relief rally.\n\nWith price action consolidating near critical technical levels, traders remain watchful for potential breakouts or reversals. The interplay between profit-taking pressures and geopolitical developments continues to shape market sentiment as Bitcoin approaches key resistance zones.