Bitcoin slipped sharply Wednesday as President Trump addressed the nation on the US-Iran conflict, dragging BTC price down by 3% to $66,600 during the speech amid bearish prediction. The asset now seems to stabilize, but BTC is still down 4.9% over seven days. Trump told the nation last night that Operation Epic Fury has effectively dismantled Iran’s nuclear and naval capabilities while crippling its drone and missile infrastructure, and claimed the US military is “very close” to finishing the job, but still need more weeks, with more fire power.
Trump crashed the markets again. While everyone was expecting a peace deal or de-escalation, Trump said the US will hit Iran extremely hard in the next 2-3 weeks. This is why I said before that no analysis is going to work when Trump can destroy the chart and setup with a… pic.twitter.com/Gxs2xPlOeH — Ash Crypto (@AshCrypto) April 2, 2026
Markets moved instantly. Crude oil spiked back above $100 per barrel to $108 as traders repriced geopolitical risk upward. Trump simultaneously signaled openness to a deal, describing Iran’s new leadership as “less radical and much more reasonable,” a note of optimism buried inside an otherwise hawkish speech. This ambiguity is precisely the macro fog that keeps risk assets pinned. Equities, crypto, and commodities have all traded in lockstep with Middle East headlines for months. Until the Iran situation resolves cleanly in either direction, Bitcoin is unlikely to decouple. Discover: The best crypto to diversify your portfolio with Bitcoin Price Prediction: Reclaim $71,500 or Another Pain Coming?
Bitcoin closed Q1 2026 near $68,000, a weak finish that confirmed sustained selling pressure. The current structure shows no major structural levels reclaimed, with downward-sloping moving averages pressuring price from above. Support still sits at $66,000 and $63,000, below that zone would mark a deep retest of prior cycle structure. Resistance clusters at $69,000 and $72,000, where moving average resistance and prior breakdown levels converge. BTC USD, Tradingview Can Bitcoin force a leg up? Only if Iran deal confirmed, oil retreats below $90, and risk-on flows return, which then BTC reclaims $68,000 with volume. In that scenario it can target $72.000. However, with dragging conflict, BTC will likely oscillate between $66,000 and $68,000, frustrating both sides. Or, peace talks collapse, oil accelerates, inflation expectations spike. BTC loses $66,000 support and tests $63,000, a level that has not been tested since the Q4 2025 breakdown. Long-term holders are reportedly increasing demand despite the volatility, but analyst consensus is clear: without a $72,000 reclaim, the path of least resistance remains down. Discover: The best pre-launch token sales Early Mover Potential as Bitcoin Tests Key Levels
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