President Trump

Bitcoin

Bitcoin (<a href="https://cointelegraph.com/price-indexes/bitcoin" rel="noopener noreferrer nofollow">BTC</a>) saw another $69,000 rejection on Thursday as risk-assets suffered over US-Iran war headlines.Key points:<ul><li>Bitcoin faces fresh downside pressure as stocks and gold fall on US President Donald Trump’s address to the nation.</li><li>US dollar strength ramps up on the back of an anticipated breakout to yearly highs.</li><li>Bitcoin would face “new lows” from a dollar comeback, a trader warns.</li></ul><h2 id="bitcoin-stocks-and-gold-all-fall-on-trump-address">Bitcoin, stocks and gold all fall on Trump address</h2>Data from TradingView showed 2% daily BTC price losses with lows near $66,200.<figure><img src="https://s3.cointelegraph.com/uploads/2026-04/019d4d00-a069-7758-a15c-bec7b8028622.png" alt="Bitcoin risks new lows as US dollar targets highest level since April 2025"><figcaption>BTC/USD one-hour chart. Source: Cointelegraph/<a href="https://www.tradingview.com/symbols/BTCUSD/" rel="noopener noreferrer nofollow">TradingView</a></figcaption></figure> Crypto had joined stocks and gold in falling on the back of an address to the nation by US President Donald Trump. While markets anticipated deescalation, Trump’s tone <a href="https://cointelegraph.com/news/trump-is-going-to-give-a-key-address-about-iran" rel="noopener noreferrer nofollow">left the door open</a> for further escalation of the conflict.“Between threatening Iran's power plants, saying the Iran War would last 2-3 more weeks, and calling out NATO, there was nothing new,” trading resource The Kobeissi Letter wrote in a <a href="https://x.com/KobeissiLetter/status/2039521619538747735" rel="noopener noreferrer nofollow">reaction on X</a>.&nbsp;<blockquote> “Yet, the market is now trading like the Iran War is ramping up for another month-long escalation. Why? Because he didn't explicitly de-escalate.”
</blockquote><figure><img src="https://s3.cointelegraph.com/uploads/2026-04/019d4cfe-4654-798d-a065-acecc570855b.png" alt="Bitcoin risks new lows as US dollar targets highest level since April 2025"><figcaption>XAU/USD one-hour chart. Source: Cointelegraph/TradingView</figcaption></figure> Kobeissi called the address “incredibly puzzling,” suggesting that it <a href="https://cointelegraph.com/markets/bitcoin-dips-under-66k-oil-sparks-unsustainable-inflation-risk" rel="noopener noreferrer nofollow">would fuel and not calm</a> market nerves.“The market, which was finally beginning to show some signs of calming, is now highly agitated, with US oil prices back to $104/barrel, stocks down sharply, and the bond market melting down again,” it added.<blockquote> “Ironically, President Trump is now back to solving the problem he fixed earlier this week: How will he contain the market?”
</blockquote><figure><img src="https://s3.cointelegraph.com/uploads/2026-04/019d4cfc-ceaa-79e6-933c-890aa1839cb5.png" alt="Bitcoin risks new lows as US dollar targets highest level since April 2025"><figcaption>CFDs on WTI crude oil one-hour chart. Source: Cointelegraph/TradingView </figcaption></figure>With oil firmly above the $100 per barrel mark, US dollar strength also rebounded to the key 100 level on the day.Traditionally inversely correlated with Bitcoin, the US dollar index (DXY) was already tipped for a more significant rebound after hitting multi-year lows in January.“DXY stage is set. We are waiting for that breakout confirmation,” trader and analyst Aksel Kibar <a href="https://x.com/TechCharts/status/2037461776468414915" rel="noopener noreferrer nofollow">told</a> X followers last week, offering a target of 104 — its highest level since April 2025.<figure><img src="https://s3.cointelegraph.com/uploads/2026-04/019d4cfb-ceed-7ad5-b876-1a8a6c971413.png" alt="Bitcoin risks new lows as US dollar targets highest level since April 2025"><figcaption>US dollar index (DXY) one-day chart. Source: Aksel Kibar/X</figcaption></figure> Crypto trader BitBull forecast an expansion phase for DXY next, with new lows for risk assets as a result.<blockquote class="twitter-tweet"><a href="https://twitter.com/search?q=%24DXY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DXY</a> looks like a classic downtrend, accumulation and expansion phase. Downtrend has happened. Accumulation has been ongoing. The next will be expansion which will send crypto and stocks to new lows. <a href="https://t.co/aO5xN8Gncp" rel="noopener noreferrer nofollow">pic.twitter.com/aO5xN8Gncp</a>— BitBull (@AkaBull_) <a href="https://twitter.com/AkaBull_/status/2039282965797351667?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 1, 2026</a></blockquote><h2 id="analyst-eyes-copycat-btc-price-bear-flag">Analyst eyes copycat BTC price bear flag</h2>Some market participants continued to focus on Bitcoin’s latest bear flag construction — one that also carried the risk of a breakdown.Related: <a href="https://cointelegraph.com/markets/bitcoin-snaps-5-month-losing-streak-btc-price-levels-watch-in-april" rel="noopener noreferrer nofollow">Bitcoin snaps 5-month losing streak: Key BTC price levels to watch in April</a>As <a href="https://cointelegraph.com/markets/worst-six-months-since-2018-five-things-bitcoin-this-week" rel="noopener noreferrer nofollow">Cointelegraph reported</a>, BTC price action closely echoed a bear-flag support collapse seen at the start of 2026.Commenting, Keith Alan, cofounder of trading resource Material Indicators, said that BTC/USD still lacks “directional momentum.”“Structurally, $BTC price action is still nearly identical to the prior bear flag structure,” he <a href="https://x.com/KAProductions/status/2039424547028598820" rel="noopener noreferrer nofollow">wrote</a> on X.&nbsp;<blockquote> “Nothing says that it has to continue to mimic that price behavior, but I'm following it like roadmap until price deviates from that path.”
</blockquote><figure><img src="https://s3.cointelegraph.com/uploads/2026-04/019d4cfa-c365-79fb-b3ae-5ea72d374785.png" alt="Bitcoin risks new lows as US dollar targets highest level since April 2025"><figcaption>BTC/USD one-day chart. Source: Keith Alan/X</figcaption></figure>

Bitcoin risks new lows as US dollar targets highest level since April 2025

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