Bitcoin ($BTC) soared above $76,000 on news of a possible ceasefire and talks between the US and Iran. The stock then fell to around $74,000, with analysts warning of possible short-term selling pressure.
Analytics firm CryptoQuant said Bitcoin’s recent rally faces increased profit-taking risk due to increased currency inflows and the price having previously reached the $76,000 resistance zone.
A recent report by Julio Moreno, Head of Research at CryptoQuant, states that Bitcoin’s recent rally faces increased risk of profit-taking, with many on-chain indicators pointing to increasing selling pressure.
“Around $76,000 is a key resistance zone where investors are nearing breakeven and selling pressure is building.”
In January 2026, prices began to decline after a limited recovery in the same region. If the same selling pressure as in January occurs now, the same pattern could be repeated. ”
Moreno specifically stated in his report that the increase in Bitcoin inflows to exchanges is a significant warning signal.
According to the data, the number of people arriving per hour has increased to about 11,000 people. $BTCMoreno added: “This is generally interpreted as a signal of short-term downward pressure as investors typically move assets onto exchanges in preparation for a selloff. In fact, a short-term price correction occurred in March 2026, with an inflow of $9,000.” $BTC After the percentage of large deposits increased to 63%, the percentage per hour increased. ”
The analyst also said that if Bitcoin experiences selling pressure from its current levels, the same move as January could be repeated, with the first support level at around $67,600.
The analyst concluded, “If Bitcoin remains above $76,000 or exceeds the on-chain realized price of $76,800, daily realized gains could exceed $1 billion. This could increase selling pressure and increase the likelihood of an uptrend deceleration or price reversal.”
*This is not investment advice.
