BlockBeats News, March 1st, Cryptocurrency analyst Murphy stated that “Using
“The current market’s biggest uncertainty still stems from the US-Iran geopolitical conflict. As key events unfold, we need to focus on the scope of the conflict, its duration, and its impact on oil prices. However, at least over the weekend with a lack of significant institutional and market maker participation, the bearish pressure is not enough to drive BTC below the $60,000 mark rapidly.”
“The above assessment still needs further validation after the US stock market opens next week. If the trend confirms, the previous analysis logic regarding ‘how far this rebound journey can go’ and the key resistance levels will still hold.”
