The expert pointed out the risks of bitcoin's decline to $65 thousand.

Bitcoin grew by 2.58% on April 5 and gained a foothold at $69,034, despite the tense external background and political statements. Alexander Baryshnikov, the manager of the Mining fund at Record Capital Management Company, told Izvestia about this on April 6.

"Investors have shown surprising calmness, despite the traditionally negative background that usually puts pressure on risky assets," he said.

According to the expert, market participants already perceive harsh political statements as a tool of pressure, rather than a signal for real escalation. This approach, as well as expectations of more favorable regulation of the crypto market in the United States, allowed bitcoin not only to avoid falling, but also to show growth.

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At the same time, as Baryshnikov emphasized, the technical picture remains uncertain. The cryptocurrency continues to trade in a sideways range that formed back in early February, where neither buyers nor sellers can achieve a sustained advantage.

The expert called the key resistance level at $74,400, corresponding to the downward trend line from the historical maximum. As long as the price is below this level, the market maintains a "bearish" structure with potential reduction targets of $65 thousand and $60 thousand.

"To change the mood, market participants must first gain a foothold above the $72,000 mark (the intermediate level), which will be the first step towards a possible breakthrough of the next levels. However, until then, any upward movements are most likely perceived as short—term fluctuations against the background of geopolitics, which so far do not change the fundamental predominance of sellers," the expert concluded.

Baryshnikov told Izvestia on March 2 that Iran's attacks on American bases in the Middle East had increased uncertainty and put pressure on risky assets. Stock index futures lost more than 1%, and investors began actively redistributing funds into defensive instruments, including gold and oil. Bitcoin ended the week down just 2.76%.

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