Thursday, 9 April 2026

Bitcoin: Bear Market Resistance Band

In this video: an update to the Bitcoin bear market resistance band. Video by Benjamin Cowen.

"New to trading? Join iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!" Learn more >>

As of April 9, 2026, Bitcoin is trading slightly lower, hovering just under the $71,000 level as initial market excitement over geopolitical developments begins to fade. 24h Change: Down roughly 0.5% - 0.6%. Visit Trading Platform >>



Insights Today

-Geopolitical Headwinds: The "ceasefire euphoria" that boosted prices earlier in the week is cooling. Reports suggest cracks are forming in the U.S.-Iran truce, keeping risk assets like Bitcoin under pressure.

-Regulatory Push: U.S. Treasury Secretary Scott Bessent urged Congress today to pass the Clarity Act, a bill aimed at establishing a federal regulatory framework for digital assets to keep development anchored in the U.S..

-Security Incident: Bitcoin Depot reported a security breach resulting in the theft of $3.7 million from company wallets.

-Institutional Momentum: Morgan Stanley's "MSBT" Bitcoin ETF logged $34 million in its first day of trading, signaling continued institutional interest despite the choppy price action.

Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple! Learn more >>