Bitcoin (BTC) faces a fresh showdown this week as macro tensions contrast with a bullish BTC price trend reversal.
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A classic BTC price metric is above to flip bullish for the first time in nearly a year — last time, price gained $25,000 in two months.
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Short time frames see liquidations as “aggressive” traders pile in at $70,000.
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Iran war tensions are at breaking point as US President Donald Trump’s “Bridge Day” deadline nears.
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US inflation data will come thick and fast as the war begins to reflect in the numbers.
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The Bitcoin bear flag stays in play, with analysis warning that new lows are “likely just a matter of time.”
MACD indicator teases key bullish cross
On longer time frames, the weekly chart has become a source of hope for Bitcoin bulls this week.
The weekly close reclaimed the 200-week exponential moving average (EMA) trend line, but more than that, a classic BTC price metric is about to produce a key bull signal.
On a weekly basis, the moving average convergence/divergence (MACD) hinted that Bitcoin’s latest downtrend is in the process of reversing.
“Holding this level is crucial for the entire Crypto industry,” X commentator Crypto Seth argued on Monday, noting that Ether (ETH) was also due an MACD cross.
Bitcoin’s last bullish weekly MACD flip occurred in May 2025, around one month after BTC/USD put in its 2025 low near $74,500. Over the following two months, price went from $94,000 to $119,000, setting new all-time highs.
Continuing on the phenomenon, X trading resource GalaxyTrading flagged key MACD comparisons across Bitcoin’s past two bear markets.
“In the 2018 bear market, it took around 245 days for the weekly MACD to turn positive,” it noted.
“In 2022, it also took 245 days to turn bullish. In 2026, we will reach 245 days by the end of April.”
Liquidations spike as Bitcoin tags $70,000
Bitcoin managed a trip beyond $70,000 after the weekly close, data from TradingView confirms, reaching new April highs.
While some traders remained skeptical over pre-market price action, the close itself was notable, bringing back both the 200-week EMA and old 2021 all-time high as potential support.
As Cointelegraph reported, both levels have courted suspicion over their reliability.
$BTC pumping on a Sunday and everyone celebrating…
You guys will never learn.
— Roman (@Roman_Trading) April 6, 2026
The move to the local highs caught short positions off guard, with total crypto liquidations passing $250 million over the 24 hours to the time of writing, per data from CoinGlass.
In his latest analysis, trader CrypNuevo continued to eye longs closer to $64,000 for a potential liquidity hunt to the downside.
“There are some HTF liquidations between $64k-$64.5k. This adds fuel a move lower. I don’t see conclusive data on LTF liquidations,” he commented in an X thread on Sunday.
In one of its “QuickTake” blog posts, onchain analytics platform CryptoQuant flagged the return of “aggressive short-term positioning” — spikes in both cumulative net taker volume and open interest on Binance.
This matters because Bitcoin’s move is being driven not only by price strength, “but also by renewed speculative participation in derivatives,” contributor Amr Taha commented.
“In simple terms, traders are becoming more willing to add fresh exposure as BTC pushes higher. If this trend continues, it could reinforce short-term momentum.”
Trump’s Iran “Bridge Day” puts markets on edge
A combination of geopolitics and key US inflation data makes for a week of “extreme volatility,” analysis predicts.
The US-Israel and Iran war continues to guide market sentiment, and oil prices reflect the uncertainty over the fate of key issues such as the partial closure of the Strait of Hormuz. WTI crude oil started the week with a trip above $115 per barrel.
Traders are now eyeing one deadline in particular when it comes to how the conflict might play out: Tuesday, 8pm Eastern time. This is when US President Donald Trump promises major infrastructure strikes if no deal with Iran is reached.
In a post on Truth Social at the weekend, Trump appeared particularly impatient, calling the day of the deadline “Power Plant Day” and “Bridge Day” while demanding that Hormuz reopen.
Headlines remain mixed, however, with talk of a 45-day ceasefire now a focus.
“This is being described as a ‘last-ditch effort’ to prevent ‘massive strikes on Iranian civilian infrastructure,’” trading resource The Kobeissi Letter reported on X.
Kobeissi noted that S&P 500 futures “erased all losses” on the news, underscoring risk-asset vulnerability to war-related triggers. As
cointelegraph.com