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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, tempered optimism typical of his posts, warning that absent a deal with Tehran and 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 gained amid the optimism, testing resistance around $68,080 but hovering near $67,770 as the initial surge slowed.
Analysts at derivatives platform Greeks.live highlighted Bitcoin’s short-term implied volatility dipping below 50%, with the market consolidating in a “wait-and-see” phase.
More significantly, analysts opine that Trump’s next comments on the Iran conflict could be a key volatility trigger, given his outsized influence on sentiment amid threats to the Strait of Hormuz, a chokepoint for 20% of global oil supply.
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.
“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.”
