Bitcoin may be approaching a more consequential upside move if current technical and on-chain trends hold, according to Capriole founder Charles Edwards, who argued in a new market note that a cluster of macro, sentiment and blockchain indicators has shifted in a more constructive direction despite a volatile geopolitical backdrop. Edwards framed the current environment as unusually difficult to navigate, with markets swinging between war fears, oil spikes and a fast-moving AI threat landscape. Even so, he said the underlying signal from Bitcoin and broader macro data is increasingly hard to ignore, particularly if BTC can sustain a monthly and weekly close above $71,500, a level he described as a critical threshold. Bitcoin Technicals And On-Chain Turn Bullish On price structure alone, Edwards said a close above $71,500 would mark Bitcoin’s strongest technical monthly finish in a year