Even as Iran launches new airstrikes on the United Arab Emirates, some analysts remain cautiously optimistic that the price of Bitcoin could be set at $70,000 over this Easter long weekend. BTC USD is currently trading at $66,800, up a modest +0.7% on the day, with the total crypto market cap increasing by +0.6% to over $2.3 trillion.
Al Jazeera reports that the United Arab Emirates is facing new Iranian drone attacks, while US Secretary of War Pete Hegseth continues to fire more high-ranking military leaders, including the Army Chief of Staff. Many believe those fired oppose Trump’s plans for Iran and will instead be replaced with people more receptive to the president’s ideas.
JUSTIN – 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 means that the conflict between the United States, Israel and Iran is clearly far from over, and many analysts feel that Bitcoin will reclaim its nickname “digital gold”, once again becoming a flight to safety asset in the face of impending conflict.
While the Bitcoin price attempts to reclaim $67,000 at the time of writing, a return towards $70,000 in the coming days is a real possibility, as BTC ETF flows closed yesterday +$9 million in the green and +$26 million for the week, highlighting renewed interest in the leading digital asset.
(SOURCE: CoinGlass)
Could these catalysts push BTC USD to new highs in April?
While the conflict between the United States and Iran dominates the headlines and is behind all the up and down moves in crypto, stocks and commodities, other forces are at play that could see the price of Bitcoin return towards $70,000.
Michael Saylor Strategy is still buying BTC, with an estimated purchase of 617 tokens yesterday, indicating that the leading treasury strategy firm still has full confidence in the leading digital asset.
ETF inflows finished the week in the green, totaling $26 million in positive flows, with BlackRock’s IBIT product accounting for over $15 million of that figure, while Fidelity (FBTC) was the biggest seller, with -$24 million in net flows for the week.
Finally, the highly anticipated US CLARITY Act is just a day away from passage, according to Coinbase, which says a small group of banking and crypto leaders have begun a two-day private review of the new stablecoin yield legislation in Washington DC.
CLARITY ACT: STABLECOIN YIELD LEGISLATION UNDER PRIVATE REVIEW TODAY AND TOMORROW
A small group of banking and crypto leaders have begun a two-day private review of new stablecoin yield legislation in Washington.
According to @politicothe text is currently… pic.twitter.com/O9SpA0PNQK
– BSCN (@BSCNews) April 2, 2026
CLARITY ACT: STABLECOIN YIELD LEGISLATION UNDER PRIVATE REVIEW TODAY AND TOMORROW The text is currently reserved for certain parties and is not planned for wider public distribution. Last week’s review process on Capitol Hill was so tightly controlled that participants were only allowed to review the document on site, without taking physical or digital copies.
These catalysts, coupled with a potential de-escalation in the Middle East, could see the price of Bitcoin skyrocket towards $70,000 and beyond. Even if the conflict in Iran escalates, BTC could regain its status as “digital gold” and a flight to safety asset in times of war.
DISCOVER: The next crypto will explode in 2026
Bitcoin Price Prediction: Can BTC Reclaim Its “Digital Gold” Title by Pushing Toward $70,000?
(SOURCE: TradingView)
On the daily time frame, BTC remains below the 100-day and 200-day moving averages, which are around $77,000 and $90,000, respectively. This demonstrates that the broader trend remains bearish, especially as the large descending channel remains intact.
The price attempted to move back above the $75,000 zone in March, but failed decisively. The ensuing 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 leaves the critical support level at $64,000 vulnerable in the near term, and a break below could reopen the decline towards the next key level near $50,000.
The 4-hour chart shows that BTC is struggling to hold the lower boundary of the ascending channel in the short term. The recent rejection of the bearish order block around $69,000 may well be the final nail in the coffin, sending BTC back towards the $60,000 zone.
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Post Bitcoin Price Analysis: BTC Retest $70,000 USD Over Easter Weekend? appeared first on 99Bitcoins.
