{"id":75723,"date":"2026-03-10T16:48:32","date_gmt":"2026-03-10T16:48:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=75723"},"modified":"2026-03-10T16:48:32","modified_gmt":"2026-03-10T16:48:32","slug":"geopolitics-fail-to-break-bitcoin-analyst-eyes-80k-upside-ahead","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=75723","title":{"rendered":"Geopolitics Fail to Break Bitcoin: Analyst Eyes $80K Upside Ahead"},"content":{"rendered":"
\n

Bitcoin (BTC) was trading just above the $70,000 level today, brushing off weeks of geopolitical turbulence tied to the conflict pitting the U.S. and Israel against Iran to post gains of about 4% in the last 24 hours.<\/p>\n

Now, analyst Markus Thielen is arguing that the flagship cryptocurrency\u2019s refusal to crumble under that pressure is itself a bullish signal, which makes a return to the $70,000 to $80,000 range more likely.<\/p>\n

BTC Has Absorbed the Pressure<\/h2>\n

In his March 10 daily chart note for Matrixport, Thielen pointed out<\/a> that since early February, BTC has mostly traded sideways, despite facing headwinds such as weaker U.S. employment figures, a sell-off in Korean equities, and a significant rise in oil prices over the weekend.<\/p>\n

He noted that Bitcoin only retraced toward the $66,000 level, eventually finding support, even as oil prices briefly jumped to $120 over fears of Iran closing the Strait of Hormuz.<\/p>\n

\n

\u201cAs markets gradually start to discount the Iran conflict,\u201d Thielen wrote, \u201cBitcoin is likely to look through the geopolitical noise, which should support a move toward this higher trading range.\u201d<\/p>\n<\/blockquote>\n

The sentiment has found backing from the broader news cycle, with reports emerging on March 9 that U.S. President Donald Trump had said that the war was \u201cvery complete, pretty much.\u201d Oil prices dropped back below $90 per barrel shortly after his remarks, with gold touching $5,140 per ounce and the S&P 500 climbing above 6,800.<\/p>\n

Bitcoin wasn\u2019t left behind either, jumping<\/a> to around $69,600 before settling near $69,000 that day. Its current CoinGecko data shows a 24-hour range of about $67,000 to $71,200, with the asset now just above $70,500.<\/p>\n

The price is up 3% from its level 7 days ago and more than 10% over 2 weeks. However, BTC is still down about 15% year-on-year and sits over 44% below its October 2025 all-time high when it passed $126,000.<\/p>\n

Deleveraged Market Prepares the Stage for a Move Higher<\/h2>\n

One reason analysts are closely watching the current structure is because of the significant deleveraging that has taken place. As we previously covered, CryptoQuant analyst Darkfost noted<\/a> that since February, Bitcoin\u2019s Estimated Leverage Ratio on Binance fell from 0.198 to 0.152, as the OG crypto dropped from $96,000 to around $69,000.<\/p>\n

According to the market technician, lower leverage usually means less systemic pressure, which can help stabilize price action before the market enters a new directional phase.<\/p>\n

Interestingly, the cleaner leverage profile seems to be pairing with a futures market leaning heavily on shorts. Per data from Binance Research, open interest has gone up<\/a> some 18% since late February, returning from under $30 billion, while funding rates have stayed low to negative.<\/p>\n

That combination means a large share of current open interest is from short positions, and if BTC moves higher, forced short covering could add velocity to any rally.<\/p>\n

The post Geopolitics Fail to Break Bitcoin: Analyst Eyes $80K Upside Ahead<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) was trading just above the $70,000 level today, brushing off weeks of geopolitical turbulence tied to the conflict pitting the U.S. and Israel against Iran to post gains of about 4% in the last 24 hours. Now, analyst Markus Thielen is arguing that the flagship cryptocurrency\u2019s refusal to crumble under that pressure is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-75723","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/75723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75723"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/75723\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}