Bitcoin Price Prediction – BTC Eyes Breakout Toward $96K as Geopolitical Tensions Ease

Highlights:

• Bitcoin is pushing the $70,410 resistance for a second time in a week
• Holding above this resistance could trigger a rally to $96,962
• Rally likely to be driven by Trump’s remarks on the end of the Iran war 

Bitcoin (BTC) is showing strength intraday, a reflection of the rising bullish momentum across the cryptocurrency market. In the last 24 hours, Bitcoin has gained by 4.3% to trade at $71,161 at the time of writing. Bitcoin trading volumes are also on the rise. When writing, volumes stood at $50.76 billion, up by 23,21% in the day.

The surging volumes alongside the price are an indicator of strong demand intraday. Looking ahead, the odds are high that Bitcoin could push higher for the remainder of the day. Several factors support such price action for Bitcoin. 

Trump’s Remarks On Iran War Could Push Bitcoin Price Higher

One of them is the hope for an end to the Iran war that has uplifted risk-on assets across the board. Yesterday, March 10, President Trump hinted that the war in Iran could soon come to an end. He noted that the Iranian leadership and their military were gone. These remarks triggered a rally across the financial markets, including cryptocurrencies like Bitcoin. That’s because if the war comes to an end, the threat that it poses to the global economy could end.

PRESIDENT TRUMP on when the war in Iran will end: "I think soon, very soon. Look, everything they have is gone, including their leadership." pic.twitter.com/ke0omxUETI

— Fox News (@FoxNews) March 9, 2026

Oil prices are already declining, a positive indicator as to what could happen if the war eventually ends, as Trump is projecting. Since a stable global economy favors risk-on assets, Bitcoin, being one of the best-performing risk-on assets in the past decade, could be headed back to its all-time highs. 

Iran War Shows Bitcoin Bear Run Could Be Over

The end of the war in Iran has also created the perception that the Bitcoin bear run is over, and that a massive rally could be in the works. That’s because in previous geopolitical rumblings, Bitcoin has tended to tumble by double digits. However, this time Bitcoin has held steady above key support levels.

Even during the initial stages of the war, when panic tends to be highest, Bitcoin made gains. It has since made an attempt at a major resistance level, hinting at a buildup in demand. Such price action goes to show that after months of selloffs, Bitcoin bears are likely exhausted.

🚨 29% PUMP AFTER WAR IS REAL

LOOK AT THE CARTS

When Russia attacked Ukraine:

> BTC bounced +29%
> Then dropped -67%

Now after the US strike on Iran, we see active buy

That means only one thing: history is repeating!

Take notes… Thank me later! pic.twitter.com/c2GP8pT2NZ

— Pepesso (@0xPepesso) March 2, 2026

No amount of bad news could push Bitcoin lower than it is at this point. This is likely giving buyers confidence to come into the market both through spot and ETFs. This surging demand, combined with Bitcoin’s scarce supply, could continue to push Bitcoin higher in the short to medium term.

Bitcoin as Digital Gold Narrative Makes A Comeback

Bitcoin’s price action during this war could also reignite the perception that Bitcoin is digital gold. This is a big deal as it could see investors start to sell some of their gold for Bitcoin. Such a transition could be driven by the fact that Bitcoin is easier to handle than physical gold.

If Bitcoin were to take just a tiny portion of Gold’s market cap, the price could rally to hundreds of thousands per coin. In essence, as the narrative of Bitcoin as digital gold is revived, FOMO could kick in and send the price to new highs in the short to medium term.

Technical Analysis – Bitcoin Price Targets Critical Resistance for the Second Time

Bitcoin has made a second attempt at the $70,410 resistance for the second time in a week. If Bitcoin closes the day above the $70,410 resistance, it could be confirmation that bulls are back in control. In such a case, a rally to $96,962 could follow.

On the other hand, if Bitcoin fails a second time at the $70,410 resistance, two scenarios could follow. The first is a continuation of the range-bound trading between the $70,410 resistance and $62,618 support.

However, if the failure hints at structural weakness, the Bitcoin price could drop through the $62,618 support and hit prices below $60k. Of these scenarios, a rally to $96,962 is more likely. That’s because financial markets seem to be responding well to Trump’s assertions that the Iran war could be coming to an end.