Can Bitcoin's Rebound Hold? Traders Split on Whether $76K Floor Awaits

Market debate intensifies as Bitcoin navigates technical hurdles, with leading analysts issuing conflicting signals on whether the current recovery can gain traction or faces imminent pullback. The cryptocurrency currently trades near $96.91K, yet skepticism dominates trader sentiment regarding the sustainability of recent gains. Some market participants argue the rebound lacks conviction, while others remain fixated on downside targets if technical support breaks. Uncertainty defines Bitcoin’s near-term trajectory, as price action struggles to establish a convincing foundation above key resistance zones.

Analyst Warnings Signal Fresh Downside Risks

Roman, a prominent trader, continues backing his target of $76,000 as the logical destination if current weakness persists. He views ongoing price strength skeptically, interpreting recent movements as consolidation phases rather than the beginning of a sustained bull run. This assessment aligns with observations from April 2025 levels, suggesting history may repeat itself if technical formations confirm further deterioration.

Keith Alan from Material Indicators adds fuel to the bearish narrative, identifying a developing “Death Cross” pattern on weekly timeframes. According to Alan, any attempted rallies should be treated as selling opportunities unless compelling reversal indicators materialize. He pinpoints critical support clustering between $87,500 and $89,000—a zone that if breached, could accelerate downward momentum.

The Consolidation Question Remains Unresolved

Daan Crypto Trades presents an alternative perspective, arguing that Bitcoin must first break through January’s low of under $87,500 to establish foundations for a genuine rebound. Rather than viewing such a move negatively, Daan suggests dipping below these levels creates healthier technicals for future appreciation. He emphasizes that monthly candles showing straight-up movement historically warrant caution, proposing that capitulation may be necessary before sustainable recovery unfolds.

The broader market remains highly attentive to technical formations as traders assess whether current price action represents a temporary pullback within a larger uptrend or the beginning of a more extended decline. Bitcoin’s path forward hinges on decisive moves through key support and resistance zones, with community focus sharpening as volatility continues reshaping market structure.