Bitcoin's breakout stalls 🛑

Bitcoin pulled back from its Monday test of $70,000, as headwinds including institutional selling and geopolitical tensions stifled its recovery.

Author

Stephen Graves
March 03, 2026

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đź“ť What you need to know

Bitcoin pulled back from Monday’s test of $70,000, extending a weeks-long consolidation exacerbated by recent geopolitical turmoil.

Analysts identified four key headwinds that are stifling Bitcoin’s recovery, including institutional selling, the threat of escalation in the Middle East, the potential of renewed trade wars and uncertainty over the upcoming release of jobs data.

Until those headwinds clear and ETFs see a meaningful reversal towards inflows, they told Decrypt, expect local tops and bottoms to persist.

Four Headwinds Stalling Bitcoin's $70K Breakout

Bitcoin pulled back from Monday’s test of $70,000 as geopolitical and economic headwinds hold a recovery rally in check.

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