Even as Iran rains down fresh airstrikes on the UAE, some analysts are cautiously optimistic that the Bitcoin price could be set for a $70,000 retest over this long Easter weekend. BTC USD is currently trading for $66,800, up a modest +0.7% on the day, with the total crypto market cap climbing +0.6% and back over $2.3 trillion as a result.
Al Jazeera reports that the UAE is facing fresh drone attacks from Iran, while the US Secretary of War, Pete Hegseth, continues to fire more and more high-ranking military leaders, including the Army Chief of Staff. Many are speculating that those removed are against Trump’s plans for Iran and will instead be replaced with those more amenable to the President’s ideas.
JUST IN – Pete Hegseth fires two more generals, David Hodne and William Green Jr., alongside Army Chief Of Staff Randy George — Reuters pic.twitter.com/XsYW3tW59D
— Disclose.tv (@disclosetv) April 3, 2026
This is to say that the conflict between the US/Israel and Iran is clearly far from over, and the feeling from many analysts is that Bitcoin will reclaim its moniker as ‘digital gold’, once more becoming a flight to safety asset in the face of oncoming conflict.
With the Bitcoin price attempting to reclaim $67,000 at the time of writing, a push back toward $70,000 in the coming days is a real possibility, as BTC ETF flows closed yesterday at +$9M in the green, and +$26M for the week, underscoring renewed interest in the leading digital asset.
(SOURCE: CoinGlass)
Could These Catalysts Push BTC USD to New Highs in April?
While the US-Iran conflict is dominating headlines and driving every up-and-down move across crypto, stocks, and commodities, other forces are at play that could see the Bitcoin price run back toward $70,000.
Michael Saylor’s Strategy is still buying BTC, with an estimated buy of 617 tokens just yesterday, indicating the leading Treasury Strategy firm still has full confidence in the leading digital asset.
ETF inflows finished the week in the green, totaling $26M in positive flows, with BlackRock’s IBIT product accounting for more than $15 M of that figure, while Fidelity (FBTC) was the biggest seller, with -$24M in net flows for the week.
Finally, the long-awaited CLARITY Act from the US is a mere day away from passage, according to Coinbase, which claims that a small group of banking and crypto industry leaders has begun a two-day private review of the new stablecoin yield legislation in Washington DC.
‼️CLARITY ACT: STABLECOIN YIELD LEGISLATION UNDERGOING PRIVATE REVIEW TODAY AND TOMORROW
A small group of banking and crypto industry leaders has begun a two-day private review of the new stablecoin yield legislation in Washington.
According to @politico, the text is currently… pic.twitter.com/O9SpA0PNQK
— BSCN (@BSCNews) April 2, 2026
The text is currently restricted to select parties and is not slated for a broader public release. Last week’s review process at Capitol Hill was so tightly controlled that participants were only allowed to examine the document on-site without taking physical or digital copies.
These catalysts, coupled with a potential de-escalation across the Middle East, could see the Bitcoin price skyrocket back toward $70,000 and beyond. Even if conflict in Iran intensifies, BTC could regain its status as ‘digital gold’ and a flight-to-safety asset in times of war.
DISCOVER: Next Crypto to Explode in 2026
Bitcoin Price Prediction: Can BTC Reclaim its ‘Digital Gold’ Title in Push Toward $70K?
(SOURCE: TradingView)
On the daily timeframe, BTC remains below both the 100-day and 200-day moving averages, which are around $77k and $90k, respectively. This demonstrates that the broader trend remains bearish, especially given that the large descending channel remains intact.
The price attempted to push back above the $75k zone in March, but failed decisively. The subsequent lower highs and lows formed signals that sellers are still in control and are likely to push the asset back below the channel’s midline. This makes the critical support level at $64k vulnerable in the short-term, and a break below it could reopen the downside toward the next key level near $50k.
The 4-hour chart shows BTC struggling to hold the lower boundary of the short-term ascending channel. The recent rejection from the bearish order block around $69k could well be the final nail in the coffin, sending BTC back toward the $60,000 area.
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