Bitcoin Traders Split Between $70K Crash and a Sharp Price Rebound Within Days

Bitcoin traders are deeply divided right now, and the charts reflect that tension. On one side are bearish voices warning that BTC could slide as low as $70,000 if key support levels give way. On the other are traders positioning for a fast rebound, arguing that Bitcoin is already near exhaustion after weeks of choppy, directionless price action.

The bearish case centers on structure. Bitcoin has struggled to hold momentum above major resistance zones, and every bounce has been met with selling. Short-term holders are sitting on thinning profits, while leverage remains elevated. For bears, that combination sets the stage for a sharp flush one final liquidation wave that could send BTC tumbling toward the $70K region before real buyers step in.

But the bull camp sees the same data very differently. They point to cooling volatility, declining sell pressure from long-term holders, and a growing sense that most bad news is already priced in. From this view, Bitcoin isn’t weak it’s coiled. A relatively small burst of demand, whether from macro relief, ETF inflows, or short covering, could trigger a rapid upside move within days.

What makes this moment especially tense is how compressed the market feels. Open interest is high, sentiment is fragile, and traders on both sides are crowded. That’s often when Bitcoin makes its most aggressive moves fast, emotional, and unforgiving. A drop toward $70K would punish late bulls, while a sudden rebound would squeeze shorts who’ve grown confident betting against the market.

In other words, this isn’t indecision. It’s pressure building.

Bitcoin doesn’t stay stuck like this for long. Whether the next move is a painful shakeout lower or a surprise surge higher, traders agree on one thing: the calm won’t last. The split itself is the signal.