Bitcoin rebounded after a weak weekend start tied to reports of a possible U.S.–Iran agreement, but a technical setup suggests the move may still be fragile. A chart shared by analyst Aksel Kibar outlines an ascending channel on the daily timeframe, with a potential pullback zone around $72,000–$72,500 before any rebound attempt.

Bitcoin dipped under $75,000 on Saturday morning before rebounding toward $77,000 at the time of writing. Analyst Darkfost said LTH supply rose from 15 million to 15.8 million BTC over two days, but argued the change is skewed by Coinbase's internal transfer of roughly 800,000 BTC between November 22nd and 23rd. BTC later traded around $76,490, up about 1% over 24 hours, while Darkfost pointed to resistance just above $80,000 near the STH cost basis.

Bitcoin's recent cooldown after February's slump-and-rebound has coincided with on-chain signals that some analysts say warrant caution. Bitcoin Vector says Glassnode's momentum indicator is slipping and that a move below +0.5 has previously aligned with sharp drawdowns, while BTC was around $75,950 at the time of writing, down over 2% in 24 hours.

Bitcoin has climbed toward the $80,000 area in recent weeks, extending its rebound from the bear-market lows seen in Q1 2026, but momentum appears to be fading near this psychological level. A May 15 analysis argues on-chain indicators suggest a “low-velocity” range is forming around $80,000, while BTC trades just above $79,000 after an almost 3% daily drop.

Altcoin trading activity on centralized exchanges has been trending higher, adding fuel to renewed discussion about a possible "altseason." CryptoOnchain wrote on CryptoQuant that the 30-day moving average of the "CEX Volume Ratio: Others vs Top 5" has moved above its 365-day average, while Ethereum was priced at $2,329, up 1% in the past 24 hours.

Bitcoin moved back above $80,000 for the first time since early February after holding relatively steady since the start of April. Since April 7, miner-linked wallets have sent about 3,400 BTC out of reserves as BTC rose from roughly $72,000 to around $82,790, a pattern analysts say reflects profit-taking. BTC was last cited near $80,287, up 0.8% in 24 hours and about 3% over seven days.

Crypto trader KillaXBT said in an April 4 post on X that Bitcoin could extend its downside toward the $63,000 area, citing liquidity behavior and weekly support/resistance structure. The analyst also pointed to $64,900 as a nearby low vulnerable to another sweep and outlined a potential rebound path toward $72,800 after a downside move. At the time of writing, BTC was around $67,256, up 0.5% over the past day.

Ethereum has traded near $2,000 for almost a month, while a derivatives indicator has shifted into positive territory. CryptoQuant data cited by analyst Darkfost shows ETH net taker volume is over $104 million positive, a level not seen in roughly three years. Separately, US spot Ethereum ETFs recorded weekly withdrawals of more than $42.15 million, with a $71.12 million net outflow reported on April 3.

Chainlink (LINK) has remained under $9 after slipping below $10 in early February, with the token still nearly 70% below its $25 cycle high. On April 3, on-chain analyst Darkfost said 14.7 million LINK—worth about $126 million—was transferred to Binance in a single day, a flow they cautioned could add sell-side pressure. LINK was around $8.7 at the time of writing, up 0.5% over 24 hours and about 1.5% over the past week.