The price of Bitcoin is close to the main support area near $ 65,000 after Donald Trump has signaled that military action in the Middle East will continue in the coming weeks.
Summary
- Bitcoin slipped towards the $65,000 support area after Trump signed military escalation in the Middle East.
- Oil prices climbed back above $100, adding pressure to risk assets as traders reacted to the country’s growing tensions.
Speaking to the nation from the White House on Wednesday, Trump said the US military is approaching the final stages of “Operation Epic Fury,” which he described as a campaign that has already crippled large parts of Iran’s nuclear and naval infrastructure.
However, the tone of the address left little room for a short-term reduction.
“We are on track to eliminate all US military targets very soon,” he said, before adding that the US “will hit them hard in the next 2 to 3 weeks.”
Markets reacted quickly. Oil prices reversed earlier softening and rose above $100, reflecting renewed concerns about supply disruptions along the Strait of Hormuz. The move was met with considerable discomfort, with digital assets sliding as traders reassessed the country’s risks.
Bitcoin (BTC), which had shown signs of stabilization earlier in the week, extended its decline, down 2% since Trump took the stage. Price action rose slightly above $66,500 at the end, with buyers trying to hold the $65,000 region that has repeatedly served as a near-term low.
A sustained break below it will weaken the current structure and open the door to the $60,000 range, an area that attracted a lot of attention during previous pullbacks. Market participants treat this area as a key area of volatility, where the downward pressure may be present or accelerating.
At the same time, embassies have not been fully closed. Trump has acknowledged that negotiations are continuing, even as military pressure is mounting.
Washington has continued to press Iran to dismantle its nuclear program and allow greater control over its territories, as well as to restore open commercial shipping lanes. On the other hand, Tehran has called for a permanent ceasefire, compensation for the damage and the complete withdrawal of US forces from the region.
Looking ahead, Trump stressed that disruptions to global energy flows may not last forever. He pointed out that Iran will eventually ease restrictions on oil flow as it looks to rebuild.
“Once this conflict is over, the strait will naturally open up,” he said, adding that oil will continue to flow and gas prices will fall as economic activity resumes.
Any meaningful decline could provide relief to risk assets, including Bitcoin, as lower energy costs and reduced geopolitical tensions tend to support liquidity conditions. Until then, markets remain sensitive to headlines, with crypto trading closely linked to changes in oil prices and broader macro signals.
