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Bitcoin (BTC) rebounded above the $77,000 level on Monday after President Donald Trump stated there was a “50/50” chance of reaching a peace agreement with Iran, boosting optimism across global markets.
Notably, improving sentiment surrounding the ongoing Iran–U.S. discussions helped lift risk assets, with the total cryptocurrency market capitalization rising by roughly 1.35% over the past 24 hours.
However, the recovery momentum appears to be facing pressure, as some of the network’s largest whales have sold or redistributed 18,447 BTC over the last 96 hours, worth approximately $1.42 billion, as per Santiment data.
Presently, analysts remain divided on Bitcoin’s near-term outlook, warning that the recovery could still be fragile.
In a post on X, popular Turkish economist Kamile Uray stated that while the peace-talk narrative helped BTC rebound, it failed to resolve the broader structural uncertainty visible on the charts.
 
According to Uray, Bitcoin is closely tracking the $78,213 level as a key breakout point. She noted that a move above it could strengthen the bullish structure and reduce the risk of a bearish reversal. The analyst also identified the 0.618 Fibonacci level near $79,470 as a critical resistance zone for trend confirmation.
However, if BTC fails to hold its current structure, she expects the first downside target to emerge around $74,220. A deeper correction could push prices toward $71,000, although she believes buyers may step in strongly at those levels.
“This region is a Fibonacci support level and an area where buyers could step in. If buyers strengthen, there could be a rise again,” she wrote.
On the upside, Uray said traders should closely monitor resistance levels between $98,000 and $107,000. According to her analysis, the $107,000–$109,000 region could act as a major resistance barrier if Bitcoin regains bullish momentum. Failure to sustain a breakout above the previous peak near $126,199, however, could trigger another sharp decline.
Meanwhile, analyst Michaël van de Poppe expressed a more optimistic outlook, suggesting Bitcoin may already be preparing for another move higher.
According to the analyst, a peace agreement in the Middle East could trigger a favorable macro environment for risk assets. He argued that lower oil prices and falling bond yields would likely support renewed inflows into Bitcoin and altcoins.
He noted that he had previously been concerned about Bitcoin reclaiming resistance around the $77,000 region, but believes the recent price action suggests bulls are gradually regaining control. If BTC successfully breaks above the $80,000 level, he expects momentum could quickly accelerate toward $90,000, where another significant resistance zone awaits.
He also added that improving market conditions could potentially spark a stronger altcoin rally throughout the summer if Bitcoin stabilizes above key resistance levels.
That said, not all analysts share the bullish outlook, however. Byzantine General adopted a more cautious stance, arguing that Bitcoin appears to have “ceased its upward trajectory” in the short term.
The analyst warned that any relief rally toward recent highs could invite renewed short-selling pressure, while the $74,000 level may only provide temporary support.
According to the analyst, a stronger wave of selling pressure could eventually drag BTC toward the high-$60,000 range, signaling a much deeper corrective phase for the broader crypto market.
At press time, BTC was trading at $75,750, reflecting a 2.36% loss in the past 24 hours.