Will Bitcoin price recover to $75,000? Analysts are divided as $71,000 funding approaches

Bitcoin traded near $73,700 on May 31 as traders focused on whether the market could hold to short-term support as analysts debated the possibility of a rebound in late 2026 and a deepening cycle of lows.

Bitcoin price data displayed $BTC The stock is trading around $73,713, up 0.28% in 24 hours. The asset continued to decline by 4.18% in seven days, with a 24-hour trading volume of nearly $16.09 billion.

The 24-hour range remained narrow, with Bitcoin hovering between $73,469 and $74,110. A narrow range indicates that traders have not pushed yet. $BTC Leading to an obvious breakout or breakdown.

With a market capitalization of nearly $1.47 trillion, Bitcoin maintained its position as the largest crypto asset by market capitalization. However, signals on the short-term charts remained weak as buyers struggled to build strong follow-through.

The volume was approximately 2.73K $BTCsuggesting limited participation behind the latest move. So while the current pullback is not as aggressive, it also shows that buyers are not coming back with enough force.

A stronger recovery would require more trading volume and a return above the $78,000-$80,000 resistance area. Until then, Bitcoin remains locked between short-term support and indirect selling pressure.

Analysts are eyeing support at $71.4k and resistance at $78.2k.

Market analyst Marcus Corvinas said Bitcoin is nearing a decisive point. He noted that the 30-day accumulation cohort has moved below the surface and its $78,200 cost base is now acting as a drag.

This means that a rebound into the $78,200 area could prompt selling from holders looking to exit near the break-even point. A clean move above that zone would be the first sign that buyers are regaining control.

On the downside, Corvinas said, the one- to three-month holder cost basis is around $71,400. He called this level the strongest short-term support as the group still has unrealized gains.

If $71,400 holds, Bitcoin bulls may still have the foundations to attempt further recovery. If that fails, short-term holders may lose confidence and the market could face further serious moves.

Ali Martinez gave a more short-term bullish signal. He said Bitcoin is giving a buy signal for TD Sequential, adding that “a bounce towards $75,000 is possible.”

This setup allows traders to focus on short-term recovery levels. However, even with a rise to $75,000, Bitcoin will still fall below the heavier resistance zone between $78,000 and $80,000.

Cycle bottom calls shift focus to second half of 2026

Crypto Tice presented a broader cycle view, arguing that every cycle in Bitcoin follows a three-year bull market and one-year bear market pattern. If this pattern holds, the next big low could occur in the second half of 2026, he said.

The post warned that it may be too early for traders to conclude that this is the bottom. Previous market participants had made similar calls prior to the 2018 low of around $3,200 and the 2022 low of around $15,500, the report said.

“Cycle doesn’t care about your conviction,” the account wrote. He also said the cycle doesn’t care about ETFs, institutional adoption or market trends.

Previous reports also indicated similar warnings from on-chain analysts. CryptoQuant CEO Ki Yong-joo recently said that the Bitcoin bear market could last until early 2027, citing on-chain profitability models that have tracked past downturns.

This view does not eliminate short-term rebound. This suggests that a rebound could still occur within a broader weak market unless long-term demand returns and selling pressure subsides.

Iran risks and weak indicators continue to add pressure $BTC

Geopolitical risk also remains a market factor. Bitcoin recently rebounded towards $74,000, relieving some of the pressure from weeks of Iran-related headlines, after President Trump announced the lifting of the naval blockade of Hormuz.

However, tensions have not been completely resolved. Energy markets and risk assets remain sensitive to new headlines due to U.S. sanctions on Iran’s military-linked oil trade and uncertainty surrounding peace talks.

Bitcoin technical indicators also remain cautious. The accumulation/distribution index is near 12.68 million and has been mostly flat to slightly down in recent months.

At the beginning of 2025, this indicator rose along with prices. After the second half of 2025, the momentum weakened, indicating that stable accumulation has not fully returned.

The RSI is below the neutral 50 level at 37.47 and below the signal line at 42.41. This indicates that short-term momentum is bearish, but $BTC has not yet entered deep oversold territory.

For now, Bitcoin’s configuration remains clear. Bulls need to defend and push $71,400 $BTC Above $78,200 indicates stronger demand. If support breaks, analysts may focus more on a late-2026 cycle low scenario.