Bitcoin ($BTC) has closed the daily trajectory with a positive green candle. Hence, Bitcoin ($BTC) has remained effective in defying wider geopolitical tensions as well as market uncertainty. As per the latest market data, the flagship crypto asset has spiked to the $68,113 mark over the past 24 hours. So, irrespective of the current apprehensions regarding U.S.-Iran conflict and war strikes, the leading cryptocurrency has begun March with a relatively stable outlook.
Bitcoin Price Jumps to $68K Irrespective of Intensifying Iranian Conflict
The exclusive market data points out that, despite the Iranian war with the United States, Bitcoin ($BTC) is showing a notable progress. In this respect, the latest 24-hour candle presents a 1.9% increase. As a result of this, $BTC is currently changing hands at $68,113.
In addition to this, the market capitalization of Bitcoin ($BTC) displays a 2.52% increase, hitting the $1.36T mark. Simultaneously, $BTC’s 24-hour volume has also hit the notable $54.67B spot. This figure reportedly accounts for a total 41.49% rise, adding to the optimism around the top crypto asset.
$70K Poses Key Resistance Amid Geopolitical Uncertainty
At the moment, Bitcoin ($BTC) is facing noteworthy resistance at $70,669. Additionally, in the case of effectively crossing this mark, $72,516 and $75,164 pose massive resistance. On the other hand, $66,174 acts as the closest support level, and $63,526 and $61,679 are the further supports in terms of a further dip.
Keeping this in view, Bitcoin has remained effective in circumventing the potential impact amid the ongoing U.S.-Iran war. Additionally, March will reportedly be an important month for $BTC in determining the further trajectory in the face of geopolitical uncertainty. In the meantime, the market onlookers are keenly watching for potential market shifts.
