According to Trump, Bitcoin will test $68,000
Bitcoin price tested resistance around $68,000 among US stocks. The turmoil comes as investors react to President Trump's comments on war with Iran. Analysts say Trump's posts this week may weigh more heavily than macroeconomic data.
Bitcoin (BTC) rose to $68,000 on Monday.
The benchmark cryptocurrency rallied as U.S. stocks jumped amid news that President Trump wants to end operations in Iran.
As the broader market enters what many see as a “wait and see” mode, analysts warn that aside from key macroeconomic data releases, US President Donald Trump's comments and events in Iran could be critical to further moves in BTC and the broader crypto market.
Bitcoin retests $68,000 amid Trump's war comments
Bitcoin reached $68,000 resistance on Monday, March 30, 2026, reflecting a broad stock market rally fueled by President Donald Trump's optimism about curbing U.S. military operations in Iran.
The Dow Jones Industrial Average rose more than 300 points, while the S&P 500 and Nasdaq Composite rose 0.5% and 0.2%, respectively.
Investors interpreted Trump's truthful social posts as a sign of easing in 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 tweeted, adding that “great progress has been made.”
Trump, however, is typical of his posts, tempered by optimism.
He has warned that the US will end its “exciting ‘stay'” in Iran by blowing up power grids, oil wells and the island of Karg if the US does not make a deal with Tehran and open the Strait of Hormuz immediately.
Bitcoin price overview
BTC gained amid optimism, testing resistance around $68,080. But as the initial increase subsided, the price hovered around $67,770.
Derivatives platform Greeks.live analysts highlighted that Bitcoin's short-term implied volatility has dropped below 50%.
BTC has strengthened around the current prices, analysts say the market has entered a “wait-and-see” phase.
More importantly, analysts say Trump's comments on the Iran conflict could be a key dynamic trigger.
“The market has entered a wait-and-see mode,” the analysts said. “This Friday's unemployment rate and nonfarm payrolls data are particularly important, and while there will be a large amount of macroeconomic data this week, none of it will carry as much weight as President Trump's tweets.”
This emphasis is due to Trump's greater influence on sentiment, the ongoing war with Iran and the threat to the Strait of Hormuz.
Hormuz is a critical bottleneck for 20 percent of the world's oil supplies, and the unrest surrounding the blockade has recently increased energy prices and fueled inflation.
As U.S. forces ramp up their presence in the region, any of Trump's posts on Truth Social could drive a fast turnaround.
From a technical point of view, BTC faces key resistance at $68,500, but a new break below $65,000 will allow the bears to target $62,000.
