Bitcoin Traders Warn of New Lows as BTC Weathers Iran Storm

Bitcoin began the first week of March 2026 in limbo as a new Middle East conflict unfolded, yet price action avoided major volatility. The initial market reaction saw a dip near $63,000 before a sustained rebound, with roughly $300 million in long liquidations triggered and about $65,000 holding as support.

Market participants remain cautious. Some traders are eyeing long entries around $60,000–$62,000 ahead of potential de-escalation, while others warn of recurring bearish patterns that could include a trapping pump above $74,000 followed by a larger drop. Independent analyst Filbfilb highlights a trend that could imply a 40–50% correction, pointing to $40,000–$45,000 as a possible lower band, and notes rising open interest as price falls.

Geopolitical risks kept oil and macro front of mind: WTI rose about 7%, and commentary dismissed the idea that the situation equates to a world war.

Iran, Middle East

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