- Bitcoin price tested resistance around $68,000 amid gains for US stocks.
- The uptick came amid investor reaction to President Trump’s comments on the Iran war.
- Analysts say Trump’s posts this week could be weightier than macroeconomic data releases.
Bitcoin (BTC) hovered near highs of $68,000 on Monday as traders braced for potential market-moving signals this week.
The benchmark cryptocurrency rose as US stocks jumped amid news that President Trump is looking to end the Iran operation.
As the broader market enters what many see as a “wait-and-see mode,” analysts warn that beyond key macroeconomic data releases, US President Donald Trump’s commentary and events in Iran could be crucial to the next moves in BTC and the broader crypto market.
Bitcoin retests $68k amid Trump’s war comments
Bitcoin surged to the $68,000 resistance on Monday, March 30, 2026, mirroring a broad stock market rally sparked by President Donald Trump’s optimistic comments on winding down U.S. military operations in Iran.
The Dow Jones Industrial Average climbed by more than 300 points, while the S&P 500 and Nasdaq Composite advanced 0.5% and 0.2%, respectively.
Investors interpreted Trump’s Truth Social post as a de-escalation signal amid the ongoing conflict.
“The United States of America is in serious discussions with a new, and more reasonable regime to end our military operations in Iran,” Trump posted, adding that “great progress has been made.”
Trump, however, typical of his posts, tempered optimism.
He warned that if the US does not hit a deal with Tehran and absent an immediate reopening of the Strait of Hormuz, the US would end its “lovely ‘stay’ in Iran by blowing up and completely obliterating” the electricity grid, oil wells, and Kharg Island.
Bitcoin price outlook
BTC had gained amid the optimism, testing resistance around $68,080. However, prices hovered near $67,770 as the initial surge slowed.
Analysts at derivatives platform Greeks.live have highlighted that Bitcoin’s short-term implied volatility has dipped below 50%.
BTC has consolidated around current prices, with analysts saying the market has entered a “wait-and-see” phase.
More significantly, the analysts opine that what Trump says next on the Iran conflict could be a key volatility trigger.
“The market has entered a wait-and-see mode,” the analysts stated. “This Friday’s unemployment rate and nonfarm payroll data are particularly important, and while there is a significant amount of macroeconomic data this week, none of it carries as much weight as President Trump’s tweets.”
This emphasis stems from Trump’s outsized influence on sentiment, with the ongoing Iran war and threats to the Strait of Hormuz, a major factor.
Hormuz is a critical chokepoint for 20% of global oil supply, and escalations related to a blockade have recently spiked energy prices and stoked inflation fears.
With US forces bolstering their presence in the region, any of Trump’s posts on Truth Social could drive rapid repositioning.
From a technical perspective, BTC faces key resistance at $68,500, but a fresh break below $65,000 could allow bears to target $62,000.
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