Bitcoin Traders Warn of New Lows as BTC Weathers Iran Storm

Bitcoin began March 2026 trading cautiously as a new conflict erupted in the Middle East involving Iran, though BTC avoided major volatility, holding above $65,000 support after an initial dip to near $63,000.

Traders are divided: some anticipate a market trigger upon de-escalation talks, noting that a prolonged conflict would negatively impact US inflation, which is politically inconvenient for the sitting administration. Others foresee bearish price action, with technical analysis suggesting a potential drop to $45,000 based on historical patterns where a weekly close below a key trend line resulted in a 40-50% correction.

Geopolitical tensions caused oil prices to rise, increasing scrutiny on upcoming US CPI data, as higher inflation could delay Federal Reserve interest rate cuts, negatively affecting risk assets like crypto. Despite price uncertainty, institutional sentiment shows signs of a turnaround, with US spot Bitcoin ETFs recording significant net inflows, suggesting accumulation by long-term capital replacing short-term sellers.

(Source：Cointelegraph)