BTC price upside lost momentum after hitting one-month highs as more traders joined bearish predictions for Bitcoin's next move.

Bitcoin liquidity analysis described bulls as in control after the trip to $74,000, but a support retest could take BTC price action almost $10,000 lower.

A new Bitcoin death cross would ensure continuation of the bear market unless a "major bullish catalyst" appears, per new BTC price analysis.

BTC price upside returned during Wednesday's Asia trading session as Bitcoin attacked a long-term trend line and psychological levels.

Bitcoin bulls gave up their latest mission to reclaim $70,000 as Iran escalation sparked oil supply fears that gripped stocks and gold.