Bitcoin holds the $65,000 support level… "Relatively resilient amid Middle East risk"

Bitcoin (BTC) is holding support around $65,000, showing a relatively steady trend despite geopolitical uncertainty.

According to Cointelegraph on the 30th (local time), Bitcoin has held that zone after recently touching its March low of $65,000 and rebounding about 2%.

Market volatility is being driven largely by tensions in the Middle East. U.S. President Donald Trump, in connection with a potential closure of the Strait of Hormuz, demanded it be "immediately normalized (Open for Business)," and suggested the possibility of additional strikes on Iran’s energy infrastructure.

In response, analytics firm The Kobeissi Letter said, "The market is currently in the most unusual phase in history." Indeed, while international oil prices are holding above $100, U.S. equities have failed to secure clear upside momentum.

Against that backdrop, Bitcoin is seen as comparatively resilient. QCP Capital said, "Since the Iran conflict, Bitcoin has outperformed gold and major equities. It is holding up well despite geopolitical pressure." It particularly pointed to the fact that the $65,000–$70,000 range is being maintained.

Some in the market say further direction needs to be assessed after the short-term rebound. Trader Michaël van de Poppe said that while "the lower end of the current range is a buying zone," "a breakout above $71,000 is needed to confirm an uptrend." There is also analysis that if a move emerges to retest the area around $65,000 in the near term, subsequent upside momentum could strengthen.