According to external sources, bitcoin was again blocked in the vicinity of $64,000, reflecting the continued weakness of current market risk preferences. The article states that, despite the fall in inflation data, interest rates, geo-situations and regulatory progress continue to be the main factors influencing the return of funds.

Prices are still at the fall

It is mentioned that bitcoin has fallen 1.7 per cent in the past 24 hours and 3.7 per cent in the last month. According to the data quoted, bitcoin fell by almost half after touching the high point of $12.608 million in October 2025.

The article attributed the down cycle to two sides. One is the rise in macro-pressures and the withdrawal of investors from high-risk assets. Secondly, the risk-averse of the situation in the Middle East, in particular the escalation of the conflict between the United States and the Islamic Republic of Iran, led to the further departure of some of the funds from the encrypted market.

The article says the four-year cycle is still working.

It was also mentioned that bitcoin has traditionally had a strong four-year cycle, rising in 2017, 2021 and 2025. In this way, the current phase is closer to the fall zone in the cycle, while the next round of new heights may be near 2029.

However, this judgement is a market view based on the pace of history and is not a proven path. The article thus illustrates that current prices remain low, not entirely out of market expectations.

Back $70,000 to focus on two conditions

According to the article, in order for Bitcoin to be back on its feet for $70,000, the first thing to see is a shift in the United States interest rate environment. Although inflation fell in June 2026, the Fed has yet to announce a reduction in interest rates. If interest rates go down, the willingness of investors to take risks may rise, encrypt assets or benefit from them.

Another catalytic factor mentioned was the advancement of the United States CLARITY Act. According to the article, the bill was intended to provide a clearer regulatory framework for the encryption industry and to enhance investor protection. If legislation advances, market confidence and financial inflows may improve, thus supporting the return of the bitcoin to $70,000.