Bitcoin Roadmap to $70,000

Feb 26

As I expected in the previous idea, Bitcoin(BTCUSDT) started rising and hit all of its full targets.

Now, today’s question is whether Bitcoin can continue the bullish trend it began in the past 24 hours. Stick with me!

Bitcoin is currently near a support zone($65,120-$66,400) and the Cumulative Long Liquidation Leverage($67,500-$66,400).

From an Elliott Wave perspective, Bitcoin seems to have completed five micro impulsive waves upward, and it could now be due for a correction. This correction might extend down to the support zone($65,120-$66,400). However, overall, it looks like Bitcoin is completing the main wave Y, which could still be bullish.

I expect Bitcoin in the coming hours to continue its upward trend, attacking the resistance lines once again and fill small CME Gap($69,270-$69,195). If it breaks those lines with strong momentum, we could see Bitcoin rise toward the Cumulative Short Liquidation Leverage($65,120-$66,400).

First Target: Resistance lines

Second Target: Cumulative Short Liquidation Leverage($65,120-$66,400)

Stop Loss(SL): $64,572

Points may shift as the market evolves

CME Gap: $84,560-$79,660

CME Gap: $54,545-$52,980

Note: Today, talks between Iran and the U.S. are underway. If a positive outcome emerges, we could see markets like S&P500(SPX500) and Bitcoin rise, which could trigger further Bitcoin upside. Otherwise, if a military option remains, it could spark fear in risk assets like crypto—especially Bitcoin.

What’s your view on Bitcoin in the coming hours? Can it head toward $70,000, or are we going to see another drop?

💡 Please respect each other's opinions and express agreement or disagreement politely.

📌Bitcoin Analysis (BTCUSDT), 4-hour time frame.

🛑 Always set a Stop Loss(SL) for every position you open.

✅ This is just my idea; I’d love to see your thoughts too!

🔥 If you find it helpful, please BOOST this post and share it with your friends.

Feb 26

Note

We need to see if Bitcoin can survive the heavy selling pressure currently being exerted on the SPX500 index.

Feb 27

Trade active

Bitcoin at a Crossroads — War Risk vs. Technical Structure

Bitcoin has historically shown a strong correlation with the U.S. equity indices — especially the S&P 500.

Right now, global markets are entering a highly sensitive phase.

There is growing speculation about a potential military confrontation between Iran and the United States in the coming hours or days.

Whether confirmed or not, markets are already positioning for uncertainty.

Let’s break it down:

1️⃣Precious Metals Moving Higher

Gold and silver have seen bullish momentum in recent hours.

This comes despite Core PPI m/m printing 0.8% vs 0.3% expected (0.7% previous) — a figure typically unfavorable for precious metals due to USD strength.

Yet safe-haven demand is clearly dominating macro data.
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2️⃣Oil Surging

Oil has gained more than 5% in just a few hours.

Energy markets are reacting fast — pricing in geopolitical supply risk.

When oil spikes sharply, it usually signals that traders are preparing for instability.
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3️⃣Geopolitical Signals Matter

🇨🇳Reports from Iran suggest that China has advised its citizens to leave the country immediately.

Additionally, officials in Israel have publicly urged citizens to prepare for emergency conditions.

China is a nation that often operates with high-level intelligence awareness.

Such precautionary statements are not insignificant.

Markets pay attention to these signals — even before official confirmation.
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Bitcoin — Technical vs. Macro

Long Position was activated

From a pure technical perspective:

Bitcoin is positioned for a potential short-term bullish move toward key resistance levels.

Liquidity above recent highs remains attractive.

Momentum structure supports a temporary push upward.

However…

If geopolitical tension escalates into confirmed military engagement, risk assets — including Bitcoin — could experience sharp downside volatility.

A breakdown below major support could accelerate liquidation pressure.

Feb 28

Trade closed: stop reached

Israel attacked Iran and as I warned yesterday, the financial markets are likely to continue to fall.

Please observe capital management.