US launches another strike against Iran, Bitcoin price falls again

Bitcoin price fell below the $76,500 level again on Tuesday morning after reports of the United States resuming military strikes against Iranian targets raised fresh concerns about the fate of a potential peace deal between Washington and Tehran.

Markets were trading positively just hours after the U.S. president issued a statement confirming that talks with Iran were going well, suggesting a deal was still possible.

But the atmosphere changed quickly after reports of U.S. military attacks on missile sites and ships in southern Iran. U.S. Central Command says it is here to protect U.S. forces from Iranian threats, while emphasizing caution during the current ceasefire.

Trump said over the weekend that the deal was largely negotiated, raising hopes that a final solution would be announced soon this week.

On the other hand, oil prices rose again by about 2% after falling below $90 for the first time on Monday as tensions returned.

Analysts believe that the continuation of the conflict could put additional pressure on the digital currency market, especially if the confrontation turns into a long-term conflict.

Jeff Mee, chief operating officer of the BTSE platform, said that if attacks remain limited, Bitcoin may remain at the $70,000 level, but he warned that if the conflict escalates further, the price may fall to around $60,000.

CoinEx analyst Jeff Kuo believes that the $70,000 level represents Bitcoin’s next defensive zone, while if geopolitical and economic tensions continue to worsen, the $65,000 level may become a major pressure point.

Despite these concerns, some analysts have noted that Bitcoin has shown a degree of resilience to recent economic and political shocks, which may indicate that the market is going through a consolidation phase rather than entering a new round of sharp declines.

Meanwhile, prominent trader Jason Pizzino warned that weak trading volumes and declining public interest could signal the possibility of a retest of recent lows in the coming period.

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