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Bitcoin now faces a fresh stress test as US-Iran tensions rise. On February 19, President Donald Trump set a 10 to 15-day window for Iran to reach a nuclear deal. He warned of “really bad things” if talks fail.
Bitcoin trades near $67,469, which leaves it far below the October 2025 peak near $126,198. Traders now focus on whether war risk breaks key BTC support levels.
Markets often reprice risk quickly during conflict headlines. Crypto usually reacts through leverage unwinds and fast liquidation cascades. That dynamic can pressure Bitcoin before buyers rebuild positions. The next ten days set the near-term path for BTC volatility.
Trump delivered the ultimatum during a Washington meeting and linked it to Iran’s nuclear program. He said the United States would learn Iran’s decision within about 10 days. Iran told the United Nations it would not start a war.
The nation also warned it would retaliate if attacked and treat US assets as targets. Those statements keep markets anchored to escalation risk.
Military movements add pressure to investor sentiment. Recent reporting described a second carrier moving to join the current strike group near the Arabian Sea. The same coverage cited large air deployments that increased operational readiness. This backdrop often pushes investors toward cash and traditional havens.
BTC fell to an intraday low near $65,600 on February 19 before recovering toward the high $66,000s. The pullback left the Bitcoin price about 15% below its February high. It also kept the drawdown above 46% from the October 2025 record.
Traders now watch $66,000 to $65,000 for daily closes because breaks can trigger forced selling.
Technical analysts also flagged stacked bearish signals on the daily chart. They pointed to a double-top structure and a bearish pennant that often follows a sharp decline.
BTC also sits below key moving averages, while a 20-day and 50-day crossover reinforces the downtrend. The Chaikin Money Flow reading near -0.06 suggests ongoing outflows. A decisive break can pull BTC toward $60,000, with $50,000 in view after a deeper unwind.
Also Read: Bitcoin Crash Today: What is Happening to the Price?
Retail anxiety has risen alongside the geopolitical headlines. Global searches for “Bitcoin going to zero” reached a peak reading of 100 on the interest scale. The Crypto Fear and Greed Index also stayed under 10 for several days, which signals extreme fear. Derivatives sentiment weakened as well, with a widely watched long-short gauge slipping below 1.0.
Institutional flow data adds another constraint on any rebound. Spot Bitcoin ETFs recorded about $4 billion in net outflows over the past five weeks.
If conflict escalates, that selling pressure could combine with liquidations and push BTC toward $60,000. Traders often treat the 200-week trend area in the upper $50,000s to low $60,000s as a long-term reference zone. If diplomacy produces a deal within the deadline, BTC could reclaim $70,000 as risk appetite returns.
