Bitcoin is currently trading around $66,800, showing a slight recovery after facing a strong rejection near the $72,000 level. The recent price action on the 4-hour chart indicates a sharp bearish move followed by a weak consolidation phase, which suggests that the market is still تحت pressure. Although a short-term support has formed around $65,500, Bitcoin is struggling to gain enough momentum to break above nearby resistance levels. The structure at the moment remains neutral to slightly bearish because the price is still forming lower highs and failing to reclaim key resistance zones.
In the short term, Bitcoin is likely to move in a sideways range with a slight bullish bias before making its next major move. A small bounce toward the $67,800 to $68,500 region is possible, but this area is expected to act as strong resistance. If Bitcoin manages to break and hold above $68,500, the next upside targets will be $70,000, which is a major psychological level, followed by $72,000, where a trend reversal could begin. On the downside, if the price gets rejected and falls below $65,500, then Bitcoin may drop toward $63,000, and in case of strong selling pressure, it could extend further down to the $60,000 level, which is considered a major breakdown zone.
The ongoing geopolitical tension between the United States and Iran is also playing an important role in Bitcoin’s price movement. During times of war or uncertainty, global markets usually shift into a “risk-off” mode, where investors move away from risky assets like cryptocurrencies and prefer safer options such as cash or gold. This is one of the main reasons why Bitcoin recently saw a sharp drop from higher levels. Rising oil prices and global economic uncertainty caused by the conflict are also adding pressure on financial markets, including crypto.
If the conflict between Iran and the United States escalates further, Bitcoin could face increased volatility and potential downside pressure. In such a scenario, panic selling may push the price toward $63,000, and possibly even $60,000 or below $58,000 in extreme conditions. On the other hand, if tensions ease or any positive news regarding peace or de-escalation emerges, Bitcoin could react strongly to the upside. In that case, the price may quickly move toward $70,000 and potentially $72,000 to $75,000 as a relief rally.
Overall, the most likely scenario right now is a mixed or uncertain market where Bitcoin trades within the $65,000 to $70,000 range while reacting sharply to news events. The market is currently in a decision phase, and a clear breakout above resistance or breakdown below support will determine the next major trend. Since today is Sunday, liquidity is relatively low, and price movements can be misleading or temporary, so the real direction will likely become clearer as the new trading week begins.
