Bitcoin rises past $70,000 as additional contrarian signals point to a potential market bottom.

Bitcoin extended its weekend rally, climbing above $70,000 during quiet post-Easter trading hours in the U.S., offering a potential boost to a crypto market that has been under pressure.

The move comes alongside modest gains in traditional markets, with the Nasdaq rising 0.45% and the S&P 500 up 0.3% ahead of President Donald Trump’s Tuesday deadline for Iran to reopen the Strait of Hormuz.

Bitcoin has gained nearly 4% over the past 24 hours, while ether, XRP, and solana have posted similar advances.

Some contrarian investors are pointing to a growing list of signals that could indicate a market bottom. Earlier this year, when bitcoin dropped to $60,000, sentiment appeared stretched as even traditionally skeptical outlets like the Financial Times turned notably bearish.

Over the weekend, additional developments added to that narrative. Jeff Park stepped down as chief investment officer at ProCap Financial, one of several bitcoin treasury firms formed in 2025 to capitalize on the crypto bull cycle. The company, led by Anthony Pompliano, has struggled, with its stock underperforming bitcoin.

Other similar firms, including David Bailey’s Nakamoto and Jack Mallers’ Twenty One Capital, have also lagged behind BTC returns.

Meanwhile, longtime bitcoin advocate Willy Woo suggested the asset could enter a prolonged consolidation phase lasting up to a decade before its next major bull run.

Additional signals include large-scale selling from industry players. MARA Holdings offloaded more than 15,000 BTC, Riot Platforms sold its entire March production of 3,778 BTC, and Nakamoto reduced part of its holdings.

While it remains unclear whether a definitive bottom has formed, the number of contrarian indicators continues to build.