Gate Plaza | 2/27 Topic: Can #BTC Reclaim $70,000? 🚀

After the recent lawsuit, the suspected “10 o’clock dump” phenomenon seems to have disappeared for several days. Currently, Bitcoin (BTC) is consolidating around $67,000. The key question now is: Can this rebound momentum push BTC back above the $70,000 mark?
Here are my thoughts on the hot discussion points:
1️⃣ Is the lawsuit connected to the disappearance of the “10 o’clock selling pressure”? Has market manipulation resistance weakened?
It’s possible that regulatory pressure and legal scrutiny have temporarily reduced coordinated selling behavior. When large entities face legal risks, they often become more cautious, which may reduce aggressive short-term manipulation tactics.
However, the crypto market is still highly sentiment-driven. While visible patterns like the “10 o’clock dump” may fade, broader volatility remains. I wouldn’t say manipulation resistance has completely weakened, but regulatory action can definitely shift short-term behavior.
2️⃣ What is the key resistance zone before breaking $70K?
From a technical perspective, the first resistance appears around $68,500–$69,200, where previous rejections occurred.
The psychological barrier is clearly $70,000, but before that, strong volume confirmation above $69K is crucial. A clean breakout with high trading volume and strong spot demand would increase the probability of reclaiming $70K and potentially targeting $72K next.
If BTC fails to hold above $66,000, we could see a retest of the $64,500 support zone.
3️⃣ Buy now or wait for volume breakout?
Personally, I prefer a gradual accumulation (DCA strategy) at current levels rather than going all-in.
If BTC holds above $66K and builds higher lows → I’ll continue accumulating.
If we see a strong volume breakout above $69K → I may add more aggressively.
If volume is weak near resistance → I’ll stay cautious and wait.
Risk management is key. The market is still in a broader bullish structure, but short-term volatility can shake out impatient traders.
Final View:
As long as BTC maintains higher lows and institutional demand remains stable, reclaiming $70K is achievable. The real confirmation will come from volume and sustained momentum, not just a quick spike.
Looking forward to hearing everyone’s strategy! 🔥
#BTC #CryptoMarket #GatePlaza