Now almost a week old, the Bitcoin (BTC) recovery is fragile as the crypto market faces geopolitical and macroeconomic headwinds from the ongoing war in the Middle East, according to Nic Puckrin, a crypto market analyst and founder of the Coin Bureau media outlet.
Even if the war ends now, its repercussions will likely be the story of 2026, and certainly the dominant narrative for Q2. I don’t expect to see a rate cut until late Q3 or Q4, if at all, Puckrin told Cointelegraph. He said that he sees:
For a push toward $90,000, we would need to see a combination of factors: a ceasefire that results in the end of geopolitical tensions, a sustained drop in
oil prices toward $80, and ideally also softer-than-expected economic data that calms stagflation fears.
If Bitcoin closes the week above $71,000, it could signal continued upside for BTC, with resistance forming around the $74,000 level, he said. At last look, it was trading at about $71,276, according to TradingView data.
The ongoing conflict has caused an inflationary spike, according to the US Bureau of Labor Statistics (BLS) Consumer Price Index report, published on Friday, chilling hopes of further interest rate cuts in 2026. Rate cuts or credit easing tend to stimulate asset prices.
