{"id":522620,"date":"2026-03-05T19:10:31","date_gmt":"2026-03-05T19:10:31","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=522620"},"modified":"2026-03-07T17:17:21","modified_gmt":"2026-03-07T17:17:21","slug":"bitcoin-fails-again-at-71500-as-weakening-momentum-raises-risk-of-a-deeper-pullback","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitcoin-fails-again-at-71500-as-weakening-momentum-raises-risk-of-a-deeper-pullback\/","title":{"rendered":"Bitcoin rejected at $71,500 again as analysts warn the next move could send BTC sharply lower"},"content":{"rendered":"

Bitcoin has again failed to hold $71,500<\/a>, reinforcing the level as a long-term ceiling while global markets shift into a risk-off environment driven by rising oil prices and higher bond yields.<\/p>\n

The latest rejection came after Bitcoin briefly rose past $73,000<\/a>, then lost momentum and fell back below $71,500.<\/p>\n

\"Bitcoin
Bitcoin price chart showing BTC rejection near $73,000 and a drop below the $71,500 support level.<\/figcaption><\/figure>\n

The move extends a pattern that has now played out several times in recent sessions: price rallies into the same resistance zone, stalls, and reverses. The seventh attempt carried an additional signal. Instead of pressing directly into the ceiling, the rally printed a lower high before reaching it. Buyers slowed down earlier in the move.<\/p>\n\n

\n \n
\n \"Bitcoin\n <\/div>\n
\n Related Reading<\/span>\n

Bitcoin failing 7 times to break $71,500 is much more ominous than boring \u2018sideways action\u2019<\/h3>\n
The market printed a lower high during its latest run which suggests that buyers are finally getting tired.<\/div>\n
\n Feb 10, 2026<\/span>\n ·<\/span>\n Liam 'Akiba' Wright<\/span>\n <\/div>\n <\/div>\n <\/a>\n<\/div>\n\n

Markets tend to break resistance when pressure builds underneath it. When attempts weaken, traders begin to treat the level differently.<\/p>\n

That shift is already visible. Short sellers lean against the ceiling. Longs tighten risk near the same number that keeps rejecting price. Momentum fades candle by candle.<\/p>\n

Bitcoin now trades in the middle of a clearly defined structure: $71,500 overhead as resistance, and a ladder of support shelves beginning around $68,000.<\/p>\n

$71,500 returns as the market\u2019s pressure test<\/h2>\n

The $71,500 level carries historical weight.<\/p>\n

During mid-2025, it marked the upper boundary of a multi-month trading zone. When Bitcoin finally broke above that ceiling, the breakout accelerated into the rally that ultimately carried the asset to roughly $126,000 by October.<\/p>\n

Markets often remember those breakout points. When price revisits them later in a cycle, the level becomes a place where traders reassess positions.<\/p>\n

\"Bitcoin
Bitcoin chart showing multiple failed attempts to break above the $71,500 resistance level during summer 2025.<\/figcaption><\/figure>\n

The recent charts show that process unfolding in real time.<\/p>\n

Short-term price action shows repeated pushes into the $71,500 region followed by quick reversals. Medium-term charts show the broader pattern: several attempts at the same ceiling with no sustained acceptance above it.<\/p>\n

Acceptance matters more than a brief breakout. Bitcoin frequently wicks above levels before falling back. Structural shifts occur only when price holds above resistance long enough that traders stop treating it as a short.<\/p>\n

That has not happened yet.<\/p>\n

The most recent rally failing to reach the ceiling, the lower high, adds evidence that buying pressure may be fading.<\/p>\n

For now, the range remains intact.<\/p>\n\n\n\n\n\n\n\n\n\n
Price level<\/th>\nMarket role<\/th>\n<\/tr>\n<\/thead>\n
$73,700\u2013$73,800<\/td>\nUpper resistance band from recent rallies<\/td>\n<\/tr>\n
$71,500<\/td>\nKey resistance repeatedly rejecting price<\/td>\n<\/tr>\n
$68,000<\/td>\nFirst support shelf beneath the range<\/td>\n<\/tr>\n
$66,900<\/td>\nSecondary liquidity cluster<\/td>\n<\/tr>\n
Low $61,000s<\/td>\nMajor historical consolidation zone<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The repeated failures mirror earlier observations in my previous analysis<\/a> examining how multiple rejections at the same level can gradually shift market psychology.<\/p>\n

Each attempt that stalls adds weight to the next.<\/p>\n

\"Bitcoin
Bitcoin price chart showing recent repeated rejection near $71,500 with key support levels below and resistance levels marked above.<\/figcaption><\/figure>\n

ETF flows and macro conditions complicate the breakout attempt<\/h2>\n

The technical picture is developing alongside a shifting macro backdrop.<\/p>\n

Global markets moved into risk-off mode on March 5 as oil prices climbed following escalating tensions in the Middle East. Brent crude has traded in the mid-$80 range as traders price potential disruptions to Gulf energy routes.<\/p>\n

Higher oil prices often feed directly into inflation expectations. In this case, the market reaction has been unusual: instead of government bonds rallying as a safe haven, U.S. Treasury yields have moved higher.<\/p>\n

The U.S. 10-year yield has traded around the low-4% range, recently near 4.22%, as investors price the possibility that persistent energy inflation could delay interest-rate cuts.<\/p>\n

That environment tends to pressure risk assets.<\/p>\n

Higher yields raise financing costs and tighten financial conditions across markets. When the macro narrative shifts toward \u201crates higher for longer,\u201d speculative assets often struggle to maintain upward momentum.<\/p>\n

Bitcoin has increasingly traded in line with broader risk sentiment during such periods. When equities weaken and yields climb, crypto markets often follow the same direction in the short term.<\/p>\n

The pattern showed up again during the latest move, with equities slipping and volatility rising as oil prices climbed.<\/p>\n

Currency markets are also part of the picture.<\/p>\n

A stronger U.S. dollar tends to correlate with softer Bitcoin prices on the margin.<\/p>\n

Meanwhile, ETF flows have become more mixed.<\/p>\n

Spot Bitcoin ETFs recently recorded strong inflow days of $458 million on March 2, $225 million on March 3, and $461 million on March 4. Those inflows followed several weeks of outflows.<\/p>\n

Such bursts of demand can support rallies, but they do not always translate into sustained buying pressure.<\/p>\n

When price approaches a major resistance zone like $71,500, even strong inflow days may struggle to overpower existing supply.<\/p>\n

Support shelves beneath the range form the next roadmap<\/h2>\n

Bitcoin\u2019s broader structure still follows the liquidity grid that has guided price movement across much of the current cycle.<\/p>\n

The concept is straightforward. Markets tend to move between clusters of liquidity where traders historically placed orders, built positions, or triggered liquidations.<\/p>\n

One of my earlier frameworks<\/a> mapped several of those shelves across Bitcoin\u2019s recent trading history.<\/p>\n

Those levels remain largely intact today.<\/p>\n\n\n\n\n\n\n\n\n\n
Support zone<\/th>\nHistorical significance<\/th>\n<\/tr>\n<\/thead>\n
$68,000<\/td>\nImmediate support inside the current range<\/td>\n<\/tr>\n
$66,900<\/td>\nIntermediate liquidity cluster<\/td>\n<\/tr>\n
Low $61,000s<\/td>\nMajor structural support from past consolidation<\/td>\n<\/tr>\n
$55,700<\/td>\nDeeper historical support shelf<\/td>\n<\/tr>\n
$49,800<\/td>\nLowest major liquidity pool identified in the grid<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

If the $68,000 shelf breaks, price could begin moving toward those lower liquidity pockets.<\/p>\n

Markets often move quickly between such zones once a level gives way. The earlier drop from six-figure prices showed similar behavior, with Bitcoin falling rapidly from one shelf to the next.<\/p>\n

Derivatives positioning can amplify that process. Liquidations tend to accelerate declines when leveraged long positions unwind. That acceleration is not here yet. Over the past 24-hours around $340 million has been liquidated across the crypto market, according to Coinglass<\/a>.<\/p>\n

For now, Bitcoin sits between the ceiling and the first support shelf.<\/p>\n

The next attempt at $71,500 will reveal whether buyers can still reclaim the range or whether the market continues drifting toward the liquidity below.<\/p>\n

The level has already been rejected several times.<\/p>\n

The next test will determine whether the ceiling finally breaks or whether the staircase down becomes the market\u2019s next path.<\/p>\n

This recent rally had the potential to invalidate my $49,000 thesis<\/a>. So far, it has not.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin has again failed to hold $71,500, reinforcing the level as a long-term ceiling while global markets shift into a risk-off environment driven by rising oil prices and higher bond yields. The latest rejection came after Bitcoin briefly rose past $73,000, then lost momentum and fell back below $71,500. The move extends a pattern that […]<\/p>\n","protected":false},"author":1264,"featured_media":522626,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,77873,78665,77968,77911,79312],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nBitcoin rejected at $71,500 again as analysts warn the next move could send BTC sharply lower<\/title>\n<meta name=\"description\" content=\"Bitcoin fails again at $71,500, raising concerns about weakening momentum as repeated rejections push traders to watch lower support levels.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bitcoin-fails-again-at-71500-as-weakening-momentum-raises-risk-of-a-deeper-pullback\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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