Bitcoin bearish again and surpassed up to $70,000 on Monday, 6 April 2026. In 24 hours, Bitcoin has increased around 4%, while Ether, XRP, and Solana present similar gains. The bearish occurs when the stock market in the United States has strengthen although the tension between America and Iran still exists.
This bullish momentum came along with the emergence of potential bearish that contradiction with market trend.
The contradiction itself is actually giving a new hope for cryptocurrencies sector, which lately slumped due to geopolitical sentiment.
According to CoinDesk, there are at least three contradictory signals that occurred in the past few weeks.
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First, Jeff Park resigned from his former position as Chief Investment Officer at ProCap Financial (BRR). The resignation of one of the important figures indicated there might be a crisis in one of the companies that was built in the beginning with the ambition to emulate the success of MicroStrategy’s strategy by Michael Saylor, which makes their company a Bitcoin betting tool for Investors.
Second, a Bitcoin Analyst, Willy Woo, stated that the value of Bitcoin could trade sideways for 8 to 12 years. But, this prediction raises suspicious thoughts from experienced investors that the price of Bitcoin might surge.
The third signal is that there have been offloads of Bitcoin assets by several companies in the past few weeks. For instance, MARA Holdings sold more than 15,000 stacks of Bitcoin, and Riot Platform that offloaded all of their entire BTC March production of 3,778 coins. Besides that, some other companies also sell their Bitcoin lately.
The reason for this offloading wave was various, not just based on the volatility of Bitcoin that had occurred. These companies were in the process of evolution since they agree that Bitcoin still offers the high risk that makes it less stable as a safe haven. Therefore, these companies take advantage when the price of Bitcoin is high enough to secure capital for business expansion.
Although there might be a hope that the value of Bitcoin will increase again with the emergence of signal contradiction theory, yet the potential of bearish to reach their lowest value still exists. Furthermore, market sentiment regarding the conflict between America and Iran has led investors to hold back on large scale crypto transactions.
