Bitcoin on alert: The price level experts are watching after Trump's naval blockade of Hormuz

Bitcoin faces a correction toward $70.000 driven by tensions in the Strait of Hormuz. Discover the key technical levels and value zones identified by analysts to navigate the current geopolitical volatility.

The price of Bitcoin is registering a quote of $70.700The stock market has fallen after registering a 1,32% correction in the last 24 hours. This decline is linked to the increase in geopolitical tension generated by US President Donald Trump's announcement regarding the implementation of a Naval blockade in the Strait of Hormuz on April 12The president's announcement raised concerns in international markets about a possible impact on the global energy supply.

This renewed escalation of tensions and the current risk landscape is leading investors to adjust their positions and reduce their exposure to volatile assets. Consequently, the market's leading cryptocurrency is undergoing a period of technical review, where uncertainty and the search for stability in the face of external factors appear to be setting the tone once again. 

Bitcoin falls back to $70.000: The new critical range according to analysts

According to the analysis of Ali MartinezThe recent market fluctuation finds support in the behavior of the realized price of unspent transaction outflows (URPD). The expert noted that this indicator, which reflects how investors have established their value zones over time, shows a notable concentration. between $70.685 and $63.111 per BTCWithin that range are millions of wallets with their base costs, making the area highly sensitive to any sales pressure.

Martinez noted that price movement within this range acts as a defensive barrier for cryptocurrency holders, demonstrating their conviction in the face of global economic changes. 

In his opinion, as long as the price of Bitcoin remains above $63.111The medium-term uptrend maintains its technical structure and reinforces positive market sentiment. However, a break below this level could open up a period of lower liquidity, shifting attention to deeper accumulation zones where major players typically reposition themselves strongly.

An asset that is consolidating amid signs of accumulation and global tensions

Martínez also analyzed recent market movements to pinpoint the exact moment when Bitcoin might begin a sustained recovery. Key indicators include the flow of... “Old Hands”, the so-called “long-term holders”, whose activity is considered a reflection of stability in high-pressure cycles. 

The analyst detailed that the Cumulative Value Destroyed Days (CVDD) indicator remains firm near the $47.960This level has historically served as the structural base of the market in recent years. Whenever the price of the leading cryptocurrency approaches this zone, the dynamic tends to reverse sharply due to the depletion of available supply. Indian. 

Furthermore, another relevant piece of data for determining Bitcoin's next move comes from the price paid by long-term holders (LTH), which is currently close to $49.387According to Martinez, the convergence between these two levels represents a critical point where the capitulation process is typically completed. At this stage, small investors and short-term traders tend to withdraw, making room for more robust, long-term strategies.

Meanwhile, geopolitical tensions, particularly in the Strait of Hormuz, continue to influence market expectations. Should the conflict de-escalate, current levels could solidify as a significant support level, facilitating the start of a new growth cycle for the leading digital asset. However, the outlook is not unanimous. 

Analysts like Ted Pillows They warn of signs pointing to increased downward pressure on BTC. According to a post on their X account, the spot market is showing intense selling activity as large traders maintain short positions, suggesting that Bitcoin could extend its decline this week before stabilizing.

As a counterpoint to the volatility of the spot market, exchange-traded funds linked to the cryptocurrency market registered a strong close on their last trading day, with a volume that exceeded $ 240 millonesFor experts and analysts, this performance reinforces the perception that, despite volatility, institutional interest remains strong and continues to fuel the overall dynamics of Bitcoin and the digital sector.