Bitcoin May Dip to $70K Within Days — Analysts Say It’s a Practical Bottom, Not a Breakdown

Experts warn of a potential BTC dip to $70K within 10 days amid U.S. trade tensions, but data models suggest this could mark Bitcoin market bottom—not a full collapse.

With Bitcoin trading near $84,000, a growing number of market analysts now anticipate a correction to $70,000 within the next ten days. The reason? A storm of U.S.-led trade tensions and evolving macro sentiment is reshaping risk-asset positioning—potentially dragging BTC back to its 2021 all-time high, but this time, from above.

📉 Analyst: $70K Is Bitcoin’s Practical Bottom

Network economist Timothy Peterson, using his proprietary Lowest Price Forward (LPF) model, emphasized that the $70K level isn’t a panic zone—but a data-supported “practical bottom.”

“Bitcoin to $70K in 10 days?” Peterson asked in his recent X post, pairing it with a chart comparing previous BTC bear markets.
“This isn’t a prediction, but the 75th percentile bear market range places $70K as a logical low.”

Peterson’s LPF tool has historically pinpointed significant price floors—including the $10,000 bottom in mid-2020, which Bitcoin never revisited after. According to the model, there’s a 95% chance BTC will hold above its 2021 high.

However, April forecasts shifted sharply. Within two days, Peterson noted, BTC flipped from a 75% chance of closing the month green to a 75% chance of going red, marking a significant swing in sentiment.

😨 Options Market Shows Fear, Not Collapse

Onchain analytics firm Glassnode chimed in with its own observations. A spike in put option premiums over calls—particularly for short-term contracts—shows traders bracing for a downturn.

“Puts are trading at a premium to calls… this kind of skew hasn’t been seen since BTC was in the $20Ks in mid-2023,” Glassnode stated.

However, BTC hasn’t mirrored equities, which recently nosedived on new U.S. tariff headlines. Bitcoin, by contrast, has held steady, even as fear metrics spike.

“Rising panic without a price collapse is unusual,” Glassnode noted.
“This skew typically appears when fear is high, but price isn’t breaking down. That’s often what a bottom looks like.”

🛑 Tariffs Create Pressure — But No Capitulation Yet

While the broader market reels under geopolitical and trade-driven headwinds, Bitcoin’s unique setup suggests that it may be entering a “bottom formation phase”, rather than freefall.

With $70K acting as both psychological and technical support, analysts like Peterson and Glassnode argue that a short-term correction could serve as a foundation for the next rally—not a warning of further collapse.

📊 Key Levels to Watch

• Support zone: $70,000
• Critical bounce level: $76,500
• Upside trigger: $86,500
• Fear threshold: Option skew and volatility indexes

Investors and traders alike are closely monitoring the price action in the coming days as Bitcoin attempts to stabilize in the shadow of macroeconomic panic. The outcome could define whether BTC consolidates, rebounds—or succumbs to deeper pressure.

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