PANews reported on April 6th, citing Cointelegraph, that Bitcoin saw intensified competition between technical and macroeconomic factors this week. The weekly MACD indicator is nearing a key bullish golden cross, and the price has rebounded above the 200-week EMA, potentially signaling the first trend reversal since 2025. However, geopolitical and inflationary uncertainties continue to weigh on the market. In terms of price action, Bitcoin briefly broke through the $70,000 mark after the weekly close, reaching a new high for April and triggering over $250 million in short covering, indicating a resurgence of speculative sentiment in the derivatives market.

On-chain data shows that open interest and active buying on exchanges are rising in tandem, indicating that new risk exposure is driving short-term momentum. At the macro level, the situation between the US and Iran remains a key variable. Trump's crucial deadline is approaching, and the market is also focused on the progress of a potential 45-day ceasefire agreement; risk assets are highly sensitive to related news. Some traders still believe Bitcoin may retrace to $60,000 or even lower, but if macro risks ease, the price could further challenge the $80,000 level.