K33 Research stated that Bitcoin has shown resilience despite ongoing tensions in the Middle East, and the downtrend may be coming to an end. Continue Reading:K33 Research stated that Bitcoin has shown resilience despite ongoing tensions in the Middle East, and the downtrend may be coming to an end. Continue Reading:

Bitcoin Rises Despite US-Iran Tensions! Is the Bear Market Ending? Analysis Company Reveals!

2026/03/04 20:11
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

While the US-Iran conflict continues to put pressure on global markets, Bitcoin (BTC) and the cryptocurrency market are proving more resilient.

Although Bitcoin and altcoins fell when the conflicts began, they later recovered. In fact, today Bitcoin experienced a sudden rebound, rising above $71,000.

At this point, crypto analysis platform K33 Research stated that despite ongoing tensions in the Middle East and macroeconomic uncertainty, BTC has shown resilience and the downtrend in the market may be coming to an end.

In a new report, K33 Research analysts stated that BTC is oversold after six consecutive weeks of decline, with the weekly RSI indicator approaching all-time lows.

The report also highlighted that spot Bitcoin ETFs recorded their largest inflows in five months last week, confirming institutional buying.

Additionally, funding rates in the perpetual futures market turned negative at the end of last month, suggesting a reduced likelihood of further price declines.

On-chain data indicates that selling pressure from long-term investors who have held BTC for more than six months has decreased.

Based on this data, K33 Research concluded that there is no compelling reason to sell BTC at current price levels and that the downtrend may be ending. Finally, analysts suggested that low volatility and a decrease in the impact of macroeconomic shocks could present a favorable opportunity for long-term accumulation.

*This is not investment advice.

Continue Reading: Bitcoin Rises Despite US-Iran Tensions! Is the Bear Market Ending? Analysis Company Reveals!

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now?

Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now?

The post Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now? appeared on BitcoinEthereumNews.com. On the lookout for a Sector – Tech fund? Starting with Putnam Global Technology A (PGTAX – Free Report) should not be a possibility at this time. PGTAX possesses a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance. Objective We note that PGTAX is a Sector – Tech option, and this area is loaded with many options. Found in a wide number of industries such as semiconductors, software, internet, and networking, tech companies are everywhere. Thus, Sector – Tech mutual funds that invest in technology let investors own a stake in a notoriously volatile sector, but with a much more diversified approach. History of fund/manager Putnam Funds is based in Canton, MA, and is the manager of PGTAX. The Putnam Global Technology A made its debut in January of 2009 and PGTAX has managed to accumulate roughly $650.01 million in assets, as of the most recently available information. The fund is currently managed by Di Yao who has been in charge of the fund since December of 2012. Performance Obviously, what investors are looking for in these funds is strong performance relative to their peers. PGTAX has a 5-year annualized total return of 14.46%, and is in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 27.02%, which places it in the middle third during this time-frame. It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower. When looking at a fund’s performance, it…
Share
BitcoinEthereumNews2025/09/18 04:05
UNI Price Prediction: Testing $4.17 Upper Band Resistance, Targets $4.50 by April 2026

UNI Price Prediction: Testing $4.17 Upper Band Resistance, Targets $4.50 by April 2026

Uniswap trades at $3.88 with neutral RSI at 51.98. Technical analysis suggests potential breakout to $4.17 upper Bollinger Band, with bullish targets reaching $
Share
BlockChain News2026/03/12 17:21
Speed, Cost, and Intelligence: How Kie.ai’s Gemini 3 Flash API Balances Performance and Budget for Developers

Speed, Cost, and Intelligence: How Kie.ai’s Gemini 3 Flash API Balances Performance and Budget for Developers

Integrating AI into applications is a balancing act between performance, cost, and intelligence. Traditionally, high-performance AI models come with steep costs
Share
Techbullion2026/03/12 16:55