Analysts Flag Rejection Risk as Bitcoin Nears $67,000

Bitcoin approached $67,000 at the Wall Street open on Monday, gaining roughly 1.5% since the weekly close as a reported US-Iran ceasefire lifted risk assets and pushed US stock indexes up to 2.4% on the session.

Several market participants cautioned the rally could be vulnerable to a rejection because order-book liquidity was thin and a concentrated pocket of downside liquidity sat below current prices. Short liquidations were swept during the US market open, contributing to rapid intraday moves.

Trader Killa told followers on X that “this week is shaping up to be very interesting,” warning of a potential rejection above $67,000. JDK Analysis posted that it was “still too early to call” a reliable bottom despite the break of major resistance and added that “strong bottoms take time,” pointing to a significant pocket of untapped liquidity beneath current levels.

Commentator Exitpump noted it was “easy” to push the price higher when liquidity is sparse. A derivatives heatmap recorded concentrated short squeezes around the US open, while options positioning clustered near the $65,000 strikes. Those concentrations can prompt dealers to hedge in ways that intensify flows around those levels.

On-chain analytics provider Glassnode described parts of the options backdrop as “supportive,” saying dealer hedging near the dense cluster of strikes could help stabilize price after bouts of volatility. Glassnode also reported that accumulation trend scores rose across multiple wallet cohorts after Bitcoin dipped toward $60,000, indicating some supply was absorbed as investors re-entered the market.

Market participants noted that near-term price action will hinge on whether buying interest strengthens above recent resistance and whether dealer hedging around options strikes adds stability. Traders watching short-term charts expect continued choppy trading and possible tests of lower liquidity bands before a clear directional trend emerges.