Bitcoin faced sharp setbacks following President Trump's Iran address, triggering a global risk-off reaction that dragged prices down nearly 6% within hours. BTC now struggles below the crucial $69,000 mark, failing to break the $72,500-$73,000 resistance zone. Markets are heading into a potential liquidity gap over the Good Friday weekend as CME futures and ETF flows pause.
Analyst Aaron Dishner warns Bitcoin remains under heavy technical pressure, currently sitting below TBO Cloud resistance with downside targets lined up at $60,000, $49,000, and potentially $38,555 if selling accelerates. The technical outlook suggests further downside may be ahead despite recent consolidation attempts.
Ethereum has slightly outperformed Bitcoin in recent sessions but remains fragile, forming a bear flag pattern with bearish RSI divergence and repeated rejection against long-term resistance. Most altcoins remain firmly bearish with only few exceptions showing short-term strength, and no clear rebound is expected over the weekend.
Broader market conditions show mixed signals with the U.S. dollar index surging while equities closed green but remain below key resistance levels. The combination of geopolitical tensions, technical pressure, and reduced weekend liquidity creates a challenging environment for crypto assets.
