Bitcoin faced a sharp setback after geopolitical tensions triggered a global risk-off reaction, dragging prices down nearly 6% within hours. The move pushed BTC below crucial resistance levels, with the price now struggling under the $69,000 mark and failing to break the $72,500–$73,000 zone. Ethereum has slightly outperformed Bitcoin but remains fragile, forming a bear flag pattern with bearish divergence on RSI. Adding to market uncertainty, crypto markets are heading into a potential liquidity gap over the Good Friday weekend as CME futures and ETF flows pause, leaving digital assets more vulnerable to sudden moves. Analysts warn of further downside with Bitcoin facing technical pressure and downside targets at $60,000, $49,000, and even $38,555 if selling accelerates.
Bitcoin and Ethereum Price Drop as US-Israel-Iran War Escalates
C
Coinpedia
Saturday, April 4, 2026·5 min read·Markets
#geopolitical risk#Iran war#price decline#technical analysis
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