TMAD Crypto: Time to Accumulate Bitcoin?

$BTC $ETH $SOL $XRP $IREN $CIFR $BITF

Hi Traders,

Bitcoin surged to a six-week high near $76,000 on Tuesday as oil eased and the Strait of Hormuz showed signs of reopening. However, by Wednesday afternoon, ongoing geopolitical tensions alongside a stronger-than-expected US inflation print erased the entire move and then some.

Market Overview

By early Tuesday, BTC had reached $75,912, its highest level since early February. Analysis from 10x Research attributed the move primarily to the unwinding of large bearish put positions in the $55,000 to $60,000 strike range, with market-maker hedging amplifying gains rather than a fresh wave of spot buying. That distinction matters as the rally lacked the organic demand normally needed to sustain a breakout.

Driven by negative PPI and FOMC data, Bitcoin has retraced to $70,000. To reclaim the uptrend, we must break through the heavy resistance clusters between $78,000 and $80,000. If we breakdown this bear flag, we might get down to 50k, which would be my ultimate buying spot, down almost 60% from highs.

We are now entering the sixth month of this decline. While some suggest this aligns with standard 8–12 month halving cycle drawdowns—pointing toward a May recovery and a potential rate cut under a new Fed chair—my theory is that institutional involvement has tethered Bitcoin to macro trends as a high-beta asset sensitive to inflation.

Time To Accumulate Bitcoin?