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02/04/26 14:27 UTC-04

Bitcoin Holds at $67,000 Amid Uncertainty in Iran

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Standpoint Bitcoin Holds at $67,000 Amid Uncertainty in Iran

On April 2, the world’s largest cryptocurrency fell below $67,000 following an ambiguous statement by US President Donald Trump regarding the Middle East conflict.


15-minute chart of $BTC/USDT on Binance. Source: TradingView.

The day before, Trump stated in a televised address that the war with Iran was "close to ending." However, during the same speech, he promised to deliver an "extremely strong" strike against the opponent within three to four weeks, which would send the country "back to the Stone Age."

After the statement, all markets, including S&P 500, Nasdaq, gold, and cryptocurrencies, saw a downturn. Only oil showed growth.

At one point, Bitcoin dropped to $65,700.

The situation stabilized by Thursday evening, when reports emerged of Iran and Oman developing a monitoring protocol for the movement in the Strait of Hormuz.

"These requirements will not mean restrictions, but rather are intended to facilitate and ensure safe passage and provide better services to ships going through this route," said Kazem Garibabadi, Iran’s Deputy Minister of Justice and International Affairs.

This news "revived" investors, helping recover part of the recent decline. As of the time of writing, Bitcoin is trading around $66,800, down 3% in 24 hours.

Like in 2022

An analyst under the pseudonym Ali noted that Bitcoin had corrected by 52% from its October 2025 peak at $126,000.

Following the October 2025 peak, Bitcoin $BTC has already seen a 52% correction. On February 27, 2026, we saw the 3-day SMA cross once again. As of today, we are exactly 30 days into this signal.

According to his observations, on February 27, 2026, the 50-day and 200-day moving averages crossed on the three-day chart of Bitcoin. April 1 marked exactly 30 days since the signal was triggered.

The situation may lead to another deep correction of 50% from current levels — around $30,000.

The analyst under the nickname Ardi pointed out the high concentration of long positions on Bitcoin with liquidation around $63,000. The price has now "extremely" approached this zone.

Now that is a heavy long-liquidation node waiting to get taken on $BTC.

See also: "What will happen to Bitcoin's price if the US-Iran war ends? Here are expert predictions"

#Bitcoin (BTC) #Forecast

Editor: Yulia Krasnaya
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