Bitcoin’s price remained under pressure this week following the exchange of airstrikes between the United States and Iran, and negative sentiment deepened after President Donald Trump declared that the memorandum of understanding and ceasefire with Iran had expired.
The uncertainty pushed the currency near $60,000 on Tuesday, before stabilizing just above $62,000 on Thursday.
The conflict rages at the $63,000 level:
In light of this fragile atmosphere, analyst Ali Martinez described Bitcoin’s current position as nowhere based on the “MVRV” price ranges, as the currency is positioned between the -0.5 and -1.0 ranges, signifying the absence of any clear valuation advantage at current levels.
He estimated that the -1.0 range (currently corresponding to the $49,867 level) would represent a major buy signal and an ideal assembly zone if Bitcoin falls to this level.
Martinez also pointed out that $63,000 is a major resistance that the coin has yet to break through, as approximately 623,000 bitcoins have already traded near this price, making it one of the largest resistance rallies on the chart.
Many investors who bought at this level may choose to sell when their prices return to breakeven, which could increase selling pressure, especially with global uncertainty escalating, which could prompt some participants to reduce risk.
If Bitcoin price fails to regain the $63,000 level and the currency subsequently falls below $59,000, Martinez identified the following two main support levels based on the network’s trading history:
$46,000 (around 115,000 bitcoins were traded), then $37,870 (around 206,000 bitcoins were traded).
Discourses on war reach their peak:
Discussions have also intensified within the crypto community; Conversations about war on specialized social networks reached their highest level since April following Trump’s new warning, according to the “Santiment” platform, with a sharp increase in mentions of words such as “war”, “Iran” and “ceasefire”.
The platform said the market may experience increased volatility until the picture becomes clearer.
However, growing skepticism about policy statements in 2026 may soften the impact compared to similar developments earlier this year.
If the escalation continues, Bitcoin and altcoins could face near-term pressure.
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