Bitcoin defended its $67,035 monthly open and pushed towards $72,000 after US President Donald Trump delayed planned strikes on Iran, triggering a broad risk-on move across markets.
The five-day pause, coupled with comments pointing to “very good and productive” discussions, drove Bitcoin up 4.8% to $71,811, while oil dropped about 10% and equities rallied sharply.
Market reaction highlighted relative strength dynamics, with the S&P 500 outperforming Bitcoin as equities rebounded from deeper prior weakness while Bitcoin had already established a local bottom.
ETF flow data reinforced the move, with $167.2 million in inflows led by BlackRock’s IBIT at $160.8 million on 23 March, marking its strongest session since mid-month.
Flows partially reversed with $66.6 million in outflows on 24 March following Iran’s denial of negotiations, leaving net weekly inflows at $100.6 million and signalling sensitivity to geopolitical headlines.
Structurally, the $72,000–$82,000 range remains a low-resistance “air gap” due to thin historical accumulation, meaning sustained demand could enable rapid price expansion if acceptance is achieved.
The near-term outlook now hinges on whether ETF inflows remain above $100 million daily, with continued strength supporting a breakout scenario and weakness implying a return to consolidation above $67,035.
At the time of reporting, Bitcoin price was $71,387.13.