Bitcoin prices reached $70,125 in late Monday trading on Coinbase, according to TradingView.<\/p>\n
However, it hit<\/a> resistance there as it did on Feb. 25 and had pulled back slightly to trade at $68,000 at the time of writing during the Tuesday morning Asian trading session.\u00a0There has been an \u201cinsane reversal in the markets,\u201d observed crypto analyst \u2018Bull Theory\u2019 on Tuesday.<\/p>\n \u201cJust 24 hours ago, we saw extreme fear and panic when US futures opened Sunday night,\u201d they said. US stock markets and crypto markets have rebounded strongly, they observed<\/a> before adding:<\/p>\n \u201cMarkets don\u2019t hate bad news; they hate uncertainty. Khamenei\u2019s death didn\u2019t spark chaos; it removed ambiguity, and the market priced that in immediately.\u201d<\/p>\n \u201cTraditional \u2018risk-off\u2019 playbooks say Bitcoin should be dumping right now,\u201d said<\/a> Macro outlet Milk Road.\u00a0\u201cIf BTC can maintain this divergence from risk assets during sustained geopolitical stress, the \u2018digital gold\u2019 argument finds itself a new tailwind.\u201d<\/p>\n \u201cWe understand war headlines make investors nervous, but we expect stocks to be up in March,\u201d commented<\/a> Fundstrat\u2019s Tom Lee on Monday.<\/p>\n \u201cThis is exactly what happened in 2022 when Russia invaded Ukraine,\u201d said<\/a> analyst \u2018CrediBull Crypto\u2019.<\/p>\n They added that the day of the invasion marked a local bottom after months of drawdown, \u201cand we spent a month climbing 40% back to the upside before continuation back down.\u201d<\/p>\n \u201cPeople\u2019s first inclination during events like this is to panic and sell, which would have made you sell the local bottom in both these instances.\u201d<\/p>\n Meanwhile, CryptoQuant analyst \u2018Moreno\u2019 said<\/a>, \u201cthe sell-side pressure from recent buyers is fading. Panic is being replaced by patience, or at least exhaustion.\u201d<\/p>\n \u201cDespite the recent geopolitical escalation involving Iran, a type of event that historically triggers reactive selling, the data shows no meaningful spike in exchange inflows from short-term holders.\u201d<\/p>\n There was no panic profit-taking, no loss capitulation, no reactive behavior from this typically event-sensitive cohort,\u201d he added.<\/p>\n Santiment reported that as markets have rallied, social data indicated there was a \u201chuge surge in positive sentiment as Bitcoin\u2019s price was threatening to fall below $65,000.\u201d<\/p>\n \u201cDiscourse is heavily invested in the Iran, Israel, and US conflict currently, so expect volatile movement based on any notable updates with the developments,\u201d it added.<\/p>\n As today\u2019s markets have rallied, social data indicated there was a huge surge in positive sentiment as Bitcoin\u2019s price was threatening to fall below $65K. Over the next 2 hours and 20 minutes, $BTC<\/a> rallied +7% and reached $69.9K before running into $70K resistance for the time\u2026 pic.twitter.com\/B3lWwtqABz<\/a><\/p>\n \u2014 Santiment (@santimentfeed) March 2, 2026<\/a><\/p>\n\n Crypto market capitalization has gained 2.6% on the day to reach $2.42 trillion at the time of writing.\u00a0The move was largely driven by Bitcoin, but Ether also reclaimed the $2,000 level and remains just above it at the time of writing.<\/p>\n Altcoin gains were minimal in comparison to the top two digital assets.<\/p>\n The post Analysts Eye \u2018Insane Reversal\u2019 in Markets as Bitcoin Touched $70K<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin prices reached $70,125 in late Monday trading on Coinbase, according to TradingView. However, it hit resistance there as it did on Feb. 25 and had pulled back slightly to trade at $68,000 at the time of writing during the Tuesday morning Asian trading session.\u00a0There has been an \u201cinsane reversal in the markets,\u201d observed crypto […]<\/p>\n","protected":false},"author":0,"featured_media":139221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-139220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/139220"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=139220"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/139220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/139221"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=139220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=139220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=139220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Bucks War Panic Trend<\/h2>\n
Crypto Market Outlook<\/h2>\n