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Bitcoin cannot break 73,000 dollars. After the ceasefire, it tried this level for the third time but was met with selling pressure each time. It is currently stuck between $70,000 and $73,000. There is a weekly gain of 7.9%, but psychologically, we cannot enter a new bull phase until this $73,000 resistance is broken.
Ether and SOL are also moving in tandem with the sector. ETH is at $2,189, and SOL is above $95. However, the question of why altcoins have fallen is one of the most interesting topics of recent days. Algorand lost 11%, and Aptos and Polkadot also declined similarly. This indicates that investors are rotating rather than adding new money. Money is flowing into major coins, while smaller ones are stagnating.
Of course, geopolitical tensions also have an impact. Iran's ceasefire is easing, and the Strait of Hormuz is only partially open. Oil prices plunged wildly and then recovered. This uncertainty makes the markets cautious. Analysts say Bitcoin needs to hold above $74,000 and break $80,000, but reaching these levels doesn't seem easy at the moment. If the ceasefire continues over the weekend, it might succeed on the fourth attempt, but if Tehran's complaints increase, the easiest path will be a return to the $68,000-$70,000 range.