yes Bitcoin

Bitcoin keeps knocking on $71,500, sooner or later the door opens $BTC
Bitcoin made a familiar but stressful move this week; it bounced hard enough to make the skeptics quiet and the dip buyers loud again.
After the crash down to around $60,000, the price clawed its way back to the a spot that has become the center of gravity, the $71,500 zone.
It has already been there three times.
Each time, the market hesitated, traders leaned in, and the rally ran out of oxygen. Now Bitcoin is back around $70,900, it looks like it wants to test $71,500 again, and this is the moment worth paying attention to, even if you don’t trade, even if you only check the price once a week.
Because some levels are more like shared memories than simple numbers on a screen.
$71,500 is one of those.
Why $71,500 keeps showing up
When a level gets tested again and again, it becomes a kind of public square.
Everyone sees it on their chart. But not everyone discusses it in group chats or has a plan for it.
That matters because Bitcoin is a market that runs on emotion as much as math.
When price approaches a level like $71,500 after a violent drop, you get a mix of people who want out, people who want in, and people who want confirmation. That creates friction, and friction creates the stalling you can see on the chart.
For traders, this is where decisions get made quickly, stops get placed tightly, and leverage gets bold.
For long-term holders, this is where the story gets rewritten. A market that couldn’t get above $71,500 starts to feel weak, a market that reclaims it starts to feel repaired.
That difference in feeling is why the zone matters.
The lines on my chart are not decoration
They are areas where Bitcoin has repeatedly found support or slammed into resistance. They are built from a blend of historical leverage behavior, order-book dynamics, psychological price levels, and the familiar entry and exit points many traders use when trading with size.
I’m not pretending this is a magic formula, it’s a map. It gives me a way to stop guessing and start planning.
And right now, that map says $71,500 is the next major checkpoint.
If you’ve been following my work this cycle, you’ll recognize the theme. I’ve spent months writing about how cycle highs form, how risk leaks out of the system, and how bear markets often feel obvious in hindsight but rarely feel obvious in the moment
Back in the fall, I argued that the market was showing signs the cycle had already topped, even while the mood was still euphoric. That case is laid out in ‘Time is up: The case for why Bitcoin bear market cycle started at $126k
I also talked about the time window that tends to surround a cycle peak, and whether ETFs could bend that history, in ‘Bitcoin’s cycle clock points to a final high by late October, will ETFs rewrite history
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