The Bitcoin price whipsawed traders this week, tumbling -3.5% to around $65,700 after President Trump reversed course on Iran, threatening “extremely heavy strikes” just days after signaling a withdrawal. The swing wiped out gains from the prior two days and triggered over $422M in liquidations across crypto markets, with long positions accounting for nearly 60% of that carnage.
Whether this is a temporary shakeout or the start of a deeper correction hinges on one critical support level, and a jobs report due April 3. The catalyst was blunt: Trump’s about-face on Iran spooked risk assets broadly, and crypto bore the brunt.
Trump crashed the markets again.
While everyone was expecting a peace deal or de-escalation, Trump said the US will hit Iran extremely hard in the next 2-3 weeks.
This is why I said before that no analysis is going to work when Trump can destroy the chart and setup with a… pic.twitter.com/Gxs2xPlOeH
— Ash Crypto (@AshCrypto) April 2, 2026
Bitcoin was trading at $68,800 earlier today, before the selloff deepened, while Ethereum fell -4.9% to $2,020. Over 140,000 traders were liquidated in 24 hours, signaling a huge wipeout across the market.
Despite the pain, Bitcoin’s technical structure has not yet broken. The broader market context, including mild ETF inflows and three consecutive days of gains preceding the drop, suggests the trend shift may be reactive rather than structural. For now, all eyes are on $66,000.
Can Bitcoin Price Hold $65,000 Before the Non-Farm Payroll Report?
Bitcoin is sitting at a fork in the road (technically speaking). Prior to the Iran-driven dump, BTC had climbed to $68,800 on April 1, buoyed by cautious optimism and modest US spot ETF inflows. Then came the floor-drop.
Technically, the Bitcoin price remains inside an ascending channel, which is the one genuinely encouraging signal here. The rebound structure has not yet been invalidated.
Key resistance lies at the descending trendline near $73,900, with the 50-day EMA serving as a ceiling in the short term. Support at $65,000 is the line that matters most right now. A confirmed close below it opens the path toward $60,000, the February 7 low.
Three scenarios to watch heading into the non-farm payroll release on April 3:
- Bull case: Weak jobs data fuels rate-cut hopes, dollar softens, Bitcoin bounces off $65,000 support and reclaims $68,000+.
- Base case: Mixed NFP data keeps the Bitcoin price range-bound between $65,000 and $70,000 while geopolitical tension lingers.
- Bear case: Strong payrolls strengthen the dollar, rate-cut bets collapse, Bitcoin breaks $65,000, and targets $60,000.
DISCOVER: Next Crypto to Explode in 2026
Bitcoin Hyper Targets Early-Mover Upside as Bitcoin Tests Key Levels
Here is the uncomfortable truth about buying Bitcoin at $66,000–$68,000: even in a bull scenario, the upside requires patience, capital, and nerves of steel through volatility like this week’s. Some traders, particularly those burned by the $422M liquidation, are quietly rotating into earlier-stage plays within the Bitcoin ecosystem.
Bitcoin Hyper (HYPER) is one project drawing attention in that rotation. It bills itself as the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, meaning it targets Bitcoin’s three core limitations (slow transactions, high fees, no smart contract programmability) while preserving Bitcoin’s security.
The pitch: Solana-level speed, Bitcoin-level trust. The presale has raised over $32M at a current token price of $0.0136779, with staking available for early participants. That fundraising number is not small for a presale stage; it signals genuine demand, not just hype.
Standout features include an extremely low-latency Layer 2 processing engine and a Decentralized Canonical Bridge for BTC transfers.
Visit the Bitcoin Hyper Presale Website Here.
EXPLORE: Top Crypto Presales to Watch Now
Follow 99Bitcoins on X (Twitter) For the Latest Market Updates, and Subscribe on YouTube For Daily Expert Market Analysis.
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
