18.03.202610:30 Forex Analyse & Reviews: Crypto market shows resilience

The crypto market has shown resilience amid the Middle East conflict, delivering results better than gold and stock indices. A potential US ground operation in Iran might even strengthen the crypto market's position, since it would underline that Bitcoin remains the most flexible, cross-border, digital, and liquid asset — one without counterparty risk.

This resilience, contrary to many expectations, points to the growing maturity of crypto assets as an investment class. While traditional assets such as stocks and even gold are exposed to significant risk and volatility during geopolitical stress, cryptocurrencies have demonstrated a surprising ability to hold or even increase value. That fact has not gone unnoticed by investors seeking alternative ways to preserve capital.

Moreover, the Middle East conflict has highlighted Bitcoin's fundamental advantages — its decentralized nature and independence from national governments or financial institutions. When traditional financial flows can be blocked or sanctioned, the ability of crypto assets to move freely across borders becomes a decisive factor. This makes them attractive to people in politically and economically unstable regions, as well as to international traders.

It has been repeatedly noted that the recent rise in crypto markets after the start of the US-Israel conflict with Iran is directly correlated, as many players shifted to digital assets attempting to protect themselves.

A potential US on-land operation in Iran, despite its risks, may only accelerate this trend. Fears of tighter controls over traditional financial systems, asset freezes, and other restrictive measures will inevitably push citizens and investors to seek safer, more independent alternatives. Cryptocurrencies — especially Bitcoin, with its proven reliability and scalability — will stand out as tools that can circumvent such constraints.

Trading recommendations

Bitcoin

Buyers are currently targeting a return to $74,600, which would open a direct path to $76,500 and then to $78,400. The most distant upside target is around $80,000; a break above that would indicate attempts to resume the bull market. On the downside, buyers are expected at $73,000. A move back below that area could quickly push BTC toward $70,900, with a further downside target near $69,300.

Ethereum

A clear close above $2,368 would open the way to $2,466. The most distant upside target is around $2,585; a break above that would indicate strengthening bullish sentiment and renewed buyer interest. On the downside, buyers are expected to enter the market at $2,279. A move below that area could quickly send ETH toward $2,210, with a further downside target near $2,145.

What's on the chart

• The red lines represent support and resistance levels, where price is expected to either pause or react sharply.
• The green line shows the 50-day moving average.
• The blue line is the 100-day moving average.
• The lime line is the 200-day moving average.

Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.