Bitcoin (BTC) traded around $69,000 as Bloomberg Intelligence strategist Mike McGlone highlighted $75,000 as a pivotal level: holding it would favor bulls, while losing it could revive a $10,000 scenario. The analysis also points to $72,000–$75,000 as a key resistance band and flags $65,000–$69,000 as an area traders are monitoring for daily closes.

On April 6, 2026, Bitcoin rose from about $67,000 to $69,200 within hours after a report said the U.S., Iran and regional mediators were discussing a potential 45-day ceasefire. Binance net buy-side taker volume hit $595M and open interest increased by $136M the same day, alongside $196.53M in short liquidations that helped amplify the move.

Bitcoin moved above $69,000 and was last quoted at $69,132, up 3% over the past 24 hours. The rally sparked heavy derivatives unwinds, including $196 million in short liquidations and $273.53 million in total liquidations within the same 24-hour window.

Michael Saylor wrote "Back to Work" on X on Sunday, posting a StrategyTracker screenshot that has often preceded Strategy’s Bitcoin purchase disclosures. The firm last reported buying about $77 million of BTC on March 23 at $74,326 per coin, after which it paused purchases for a week at the end of March.

Bitcoin (BTC) climbs to $69,185 on April 6, 2026, as $69.6M in fresh ETF inflows and a $27B RWA market spark a bullish recovery. Discover if BTC can shatter the $70,550 resistance to target $73,000.

Bitcoin moved higher above $68,000 and is trading above $68,500 alongside the 100-hour simple moving average. The rally pushed to $69,256 before consolidating, with resistance focused on $69,250 and $69,500 and upside targets including $70,000 and $71,500 if those levels break. If BTC fails to reclaim $69,250, supports sit at $68,800, $68,500, $67,500 and $66,500.

Michael Saylor and economist Peter Schiff argued on X on April 5 over how to judge bitcoin’s performance and whether Strategy’s stock (MSTR) is justified. Schiff pointed to BTC’s 12% five-year gain versus MSTR’s 68.5% rise and urged investors to sell before a sharp drop. Saylor countered that longer horizons show stronger results, citing a chart showing bitcoin at a 36% annualized return since August 2020.

On April 5, Donald Trump posted on Truth Social warning Iran to keep the Strait of Hormuz open and said military strikes could follow by Tuesday, pressuring equity futures while lifting oil. May 2026 WTI futures traded around $114.42–$114.59 (about +2.6% to +2.7%) as E-mini Nasdaq-100 futures slipped 0.65% to 24,061.75. Bitcoin later traded at $69,009 (+2.11%), while Hyperliquid’s XYZ:CL oil perpetual saw open interest reach $575M–$593M.