Market Analysis by covering: Bitcoin US Dollar. Read 's Market Analysis on Investing.com
is behaving like a risk asset as markets react to the Iran conflict, just as price presses into a technical level that has previously dictated longer-term direction.Bitcoin may be shaping up as one of the cleaner ways to express views on developments surrounding the Iran conflict, based on the combination of recent correlation patterns and where the price sits on the charts.
. All are sensitive to shifts in geopolitical risk tied to the conflict, suggesting Bitcoin may respond quickly should sentiment swing sharply in either direction.The monthly chart on the right highlights just how significant it has been previously for longer-term directional risks. It capped the price for an extended period in 2024 before the eventual breakout around the US presidential election. The level was later tested and held during the April 2025 Liberation Day risk rout, helping launch the rally that ultimately delivered fresh record highs. On the daily chart on the left, while the broader trend from last year’s highs remains lower, price action since February carries the hallmarks of an ascending triangle, suggesting pressure may be building for an eventual break higher. The market has probed $74,500 several times in March with bears repeatedly defending the level, but the pullbacks have become increasingly shallow. Momentum signals are also stabilising. RSI has pushed back above 50 and is trending higher, while MACD is rapidly approaching positive territory. A crossover would provide a mild bullish confirmation. Should developments in the conflict deliver a positive surprise for risk appetite, it could provide the catalyst for a meaningful topside break. A break and close above $74,500 would likely see bulls target the 50-day moving average first. Beyond that, $80,700 stands out as the next logical objective, marking the intersection of where Bitcoin bottomed last November with the downtrend from the record highs. An unfilled gap from $81,210 may also act as a magnet to see the latter taken out. However, failure to clear $74,500 could see bears set fresh shorts, targeting a retest of the February uptrend. The February 24 low at $62,600 stands out as the next meaningful downside reference before the February swing low of $60,000. Notably, volumes have generally been stronger on advances than declines, hinting that upside pressure may be quietly building despite the broader downtrend and still-negative slope in key moving averages.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
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