Bitcoin remains stuck below the $70,000 mark, a level that once served as a crucial floor for the cryptocurrency but has now turned into its most significant near-term barrier. After losing that support, the asset has struggled to regain momentum, and analysts warn that a combination of macroeconomic uncertainty and weak buying pressure could push the asset back into the $50,000 range — a level not seen since September 2024. Iran Tensions, Fed Uncertainty And ETF Withdrawals Market sentiment has noticeably deteriorated in recent weeks. “Sentiment is clearly bleak in crypto markets,” said Noelle Acheson, author of the Crypto is Macro Now newsletter