After a terrible start to the weekend, the Bitcoin price jumped back to life 
on the back of news of a potential agreement between the United States and 
Iran. However, ignoring the potential impact of fresh geopolitical news or 
events, the current price structure suggests that new investors would be 
catching a falling knife. According to a chart highlighted on the X platform, 
the Bitcoin price appears bound for a drop to around $72,000, at least in the 
short term. BTC Price Trading In Ascending Channel Pattern Prominent chartist 
Aksel Kibar took to the social media platform X to share an interesting layout 
of the Bitcoin price, suggesting the coin might be on its way down to around 
$72,500. This highlighted chart shows the formation of an ascending channel on 
the BTC daily timeframe over the past few months. Related Reading: Key Volume 
Signals Are Driving XRP Momentum Amid Market Uncertainty For context, an 
ascending channel is a technical analysis pattern characterized by two major 
(upward-sloping) trendlines: the upper line connecting the higher highs and 
the lower line connecting the higher lows. Within this framework, the upper 
boundary acts as resistance while the lower trendline provides a support 
cushion to the asset&#8217;s price (i.e., Bitcoin price). Typically, an ascending 
channel shows the persistence of an upward trend, with the Bitcoin price 
forming multiple higher highs and higher lows since February. However, the 
premier cryptocurrency recently formed a swing high around $82,500 and is 
currently undergoing a retracement that could see its value fall to as low as 
$72,500. What to watch is what happens at the lower boundary if the Bitcoin 
price does fall to $72,500 over the next few days. On an optimistic note, the 
flagship cryptocurrency could bounce back and forge back towards the upper 
trendline if this highlighted support level holds strong. In this case, the 
resistance region to watch would be just above $86,000, where there would 
likely be a confluence of the 365-day moving average and the upper boundary 
line. The market leader could enjoy further significant upside if the Bitcoin 
price breaks above this resistance region. However, there is also a chance 
that the BTC price could lose the $72,500 support, which could trigger a wave 
of bearish pressure. If this scenario plays out, the premier cryptocurrency 
could fall as low as $60,000, where Kibar thinks a short-term reversal could 
form. In any case, Kibar noted that he would only consider entering a long 
position above the 365-day moving average, a major indicator of the start of a 
bull market. Bitcoin Price At A Glance As of this writing, the price of BTC 
stands at around $76,762, reflecting a 2% jump in the past 24 hours. Related 
Reading: What The Bitcoin Transaction Volume Crashing Could Do To The Price 
Featured image from iStock, chart from TradingView

After a terrible start to the weekend, the Bitcoin price jumped back to life on the back of news of a potential agreement between the United States and Iran. However, ignoring the potential impact of fresh geopolitical news or events, the current price structure suggests that new investors would be catching a falling knife. According &#8230;

Bitcoin Price Could Fall To $72.5K Before Next Rebound — Here’s Why

Michael Burry warned this week that the U.S. may be heading toward a “Snow 
Crash cyber-punk future” as the U.S. Securities and Exchange Commission (SEC) 
prepares rules that would let crypto platforms trade tokenized versions of 
traditional stocks. Burry Warns SEC Tokenized Stocks Could Erode Human 
Connections Writing on his Substack channel “Cassandra Unchained” and […]

Michael Burry warned this week that the U.S. may be heading toward a “Snow Crash cyber-punk future” as the U.S. Securities and Exchange Commission (SEC) prepares rules that would let crypto platforms trade tokenized versions of traditional stocks. Burry Warns SEC Tokenized Stocks Could Erode Human Connections Writing on his Substack channel “Cassandra Unchained” and &#8230;

Big Short’s Michael Burry Warns SEC Tokenized Stock Plan Risks ‘Snow Crash’ Future

Trump says Iran deal isn&#8217;t fully negotiated yet, sending near-term odds 
crashing. US-Iran agreement by May 26 at 18.5% YES, down from 60% yesterday.
The post Trump says Iran deal not fully negotiated yet appeared first on 
Crypto Briefing.

Trump says Iran deal isn&#8217;t fully negotiated yet, sending near-term odds crashing. US-Iran agreement by May 26 at 18.5% YES, down from 60% yesterday. The post Trump says Iran deal not fully negotiated yet appeared first on Crypto Briefing.

Trump says Iran deal not fully negotiated yet

The law firm agreed to a settlement in February 2026 and is facing a separate 
$525 million lawsuit over its role in the collapse of the FTX crypto exchange.

The law firm agreed to a settlement in February 2026 and is facing a separate $525 million lawsuit over its role in the collapse of the FTX crypto exchange.

FTX law firm Fenwick &amp; West to pay $54M to victims in settlement

US officials say Iran agreed in principle to dispose of enriched uranium 
stockpile. Surrender by Dec 31, 2026 at 50.5% YES; full enrichment end at 
42.5% YES.
The post Iran agrees in principle to dispose of enriched uranium, US officials 
say appeared first on Crypto Briefing.

US officials say Iran agreed in principle to dispose of enriched uranium stockpile. Surrender by Dec 31, 2026 at 50.5% YES; full enrichment end at 42.5% YES. The post Iran agrees in principle to dispose of enriched uranium, US officials say appeared first on Crypto Briefing.

Iran agrees in principle to dispose of enriched uranium, US officials say

Strategy paused reported bitcoin buying as Saylor said its “BitVac” is 
charging, highlighting bond-related activity after holdings climbed to 843,738 
BTC. The update underscores how debt, preferred stock, and liquidity reserves 
continue shaping the company’s treasury strategy. Saylor’s ‘BitVac’ Comment 
Puts BTC Buying on Watch Michael Saylor, executive chairman of Strategy Inc. 
(Nasdaq: MSTR), shared […]

Strategy paused reported bitcoin buying as Saylor said its “BitVac” is charging, highlighting bond-related activity after holdings climbed to 843,738 BTC. The update underscores how debt, preferred stock, and liquidity reserves continue shaping the company’s treasury strategy. Saylor’s ‘BitVac’ Comment Puts BTC Buying on Watch Michael Saylor, executive chairman of Strategy Inc. (Nasdaq: MSTR), shared &#8230;

Bitcoin Price Could Fall To $72.5K Before Next Rebound — Here’s Why

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