Why 71k matters more than any round number right now
Quick profile theory breakdown for anyone not familiar: when price trades in a range for a long time, you can map where the most volume happened. The top of that high-volume zone is the value area high (VAH), the bottom is the value area low (VAL), and the middle is the point of control (POC).
BTC's 2024 range had its VAH right around $71k. Price left that range to the upside, ran to $125k+, and has now come all the way back to retest it. This is the kind of level where you find out if the breakout was real or if price is getting absorbed back into the old range.
Right now local structure is bullish — lows swept, higher lows forming, pressing into $71k. But the weekly close is what matters here, not the intraday push.
Posted Mar 6, 2026, 4:13 AM UTC