Bloomberg Intelligence commodity strategist Mike McGlone said Bitcoin could return to around $10,000 in 2026, arguing it needs to remain above $75,000 to avoid revisiting pre-2020 levels. He also projected Tether's growth could push USDT past Ethereum by 2026 and, over time, potentially challenge Bitcoin, while warning that a stock-market downturn and higher volatility could pressure risk assets.

On 6 April 2026 at 10:28, Bitcoin traded around $68,840, up about 2.4% on the week, as analysts warned that thin volume could make price moves unstable. A leveraged trader, James Wynn, was liquidated six times in the past two weeks on BTC-USD perpetuals on Hyperliquid, with total losses exceeding $500K. Analysts also pointed to $70,000 as a key near-term threshold, while some on-chain metrics suggested elevated risk of a short-term top.

Bitcoin rose 3.19% in 24 hours on Monday to $69,320, its highest level in more than a week, as a 45-day ceasefire proposal shifted risk appetite and forced short covering. Futures liquidations hit $273.8 million across 81,819 traders, with $196.7 million in shorts versus $77.1 million in longs, while BTC traded between $66,634 and $69,350. Prediction-market pricing remained cautious, with Polymarket’s April 7 ceasefire contract at 4% YES, down from 12% a week earlier.

Bitcoin (BTC) traded around $69,000 as Bloomberg Intelligence strategist Mike McGlone highlighted $75,000 as a pivotal level: holding it would favor bulls, while losing it could revive a $10,000 scenario. The analysis also points to $72,000–$75,000 as a key resistance band and flags $65,000–$69,000 as an area traders are monitoring for daily closes.

On April 6, 2026, Bitcoin rose from about $67,000 to $69,200 within hours after a report said the U.S., Iran and regional mediators were discussing a potential 45-day ceasefire. Binance net buy-side taker volume hit $595M and open interest increased by $136M the same day, alongside $196.53M in short liquidations that helped amplify the move.

Bitcoin moved above $69,000 and was last quoted at $69,132, up 3% over the past 24 hours. The rally sparked heavy derivatives unwinds, including $196 million in short liquidations and $273.53 million in total liquidations within the same 24-hour window.

Michael Saylor wrote "Back to Work" on X on Sunday, posting a StrategyTracker screenshot that has often preceded Strategy’s Bitcoin purchase disclosures. The firm last reported buying about $77 million of BTC on March 23 at $74,326 per coin, after which it paused purchases for a week at the end of March.

Bitcoin (BTC) climbs to $69,185 on April 6, 2026, as $69.6M in fresh ETF inflows and a $27B RWA market spark a bullish recovery. Discover if BTC can shatter the $70,550 resistance to target $73,000.