In recent developments, crypto pundit Vivek has revealed that Bitcoin has entered a buy zone that led to parabolic rallies in the previous bull cycles. This comes as analysts predict that BTC risks dropping to the psychological $70,000 level, with the leading crypto showing weakness on lower timeframes.  Bitcoin Enters Historic Buy Zone That Led To Parabolic Rallies In an X post, Vivek stated that Bitcoin has entered the best buy zone of this cycle, similar to the buy zones in the 2018 and 2022 bear cycles, just before BTC rallied 1,700% and 660%, respectively. The pundit declared that a parabolic rally is next, seeing as the same setup has appeared again.  Bitcoin has entered this buy zone following its latest decline to the lower $70,000 range as the U.S. and Iran have yet to reach a peace deal. Crypto analyst Altcoin Sherpa stated that BTC isn’t giving him much confidence on the lower timeframes at this level. He added that he was hoping for a bounce, but the leading crypto is still likely to drop to $70,000 or even lower next.  Bitcoin notably surged above $73,000 yesterday following President Donald Trump’s statement that the naval blockade at the Strait of Hormuz will be lifted. BTC also rose as the president said he was about to decide on the draft agreement between the U.S. and Iran. However, Trump failed to announce his final decision on the agreement. Iran has also confirmed that a draft agreement exists, but it has yet to ratify it. A potential deal between the U.S. and Iran is bullish for BTC and the broader crypto market as it will ease the inflationary pressures caused by the war.  Analyst Reiterates Bear Market Thesis In an X post, crypto analyst Colin reiterated his bear market thesis for Bitcoin, noting that BTC has always dropped 77% or greater from peak to bear market bottom. He noted that a 70% drop would mean BTC could drop to $38,000 from its October high of $126,000. The analyst added that any bear market floor price above $40,000 would be quite bullish, as it would be better than prior bear market floors.  In another X post, he opined that the delayed impact of extremely low oil reserves may be what drags the Bitcoin price down later on. The analyst also predicted that the next S&P 500 local top is marked by an oil price breakout. Colin noted that it takes time for the effects of the U.S.-Iran war to trickle down and be felt by the everyday person.  At the time of writing, the Bitcoin price is trading at around $73,300, down in the last 24 hours, according to data from CoinMarketCap.

Looking closer, market participants highlight key drivers such as liquidity flows, macro risk appetite, regulatory headlines, and on-chain activity. Short-term swings often reflect liquidation cascades and funding imbalances, while spot volumes and exchange inflows set the broader tone.

Analysis: The medium-term picture hinges on whether buyers can sustain momentum without excessive leverage. If flows continue favoring majors like BTC and ETH, altcoins could experience a staggered rotation instead of a broad-based rally. Meanwhile, policy clarity in key jurisdictions remains a decisive catalyst; clearer rules typically compress risk premia and attract institutional allocations. Beyond price action, on-chain metrics such as active addresses, fees, and stablecoin velocity help validate trend strength.

Outlook: Over the next few weeks, observers will watch price acceptance above recent resistance, derivatives positioning, and ETF-related flows. A constructive setup would feature rising spot demand, contained leverage, and improving breadth across sectors such as DeFi, infrastructure, and Layer-2 ecosystems.

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