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Bitcoin is facing significant pressure, and the macroeconomic factors at play are not alleviating. The BTC USD price has recently dropped to the $66,000 range, down -3.5% over the past 24 hours, with bearish traders targeting a decline towards the critical $64,000 level if the current support fails to hold.
Risk assets have been adversely affected following U.S. President Donald Trump’s national address, which left markets unsettled rather than calmed. Trump’s remarks regarding the Iran situation, mentioning power plants, a 2–3 week timeline for conflict, and criticism of NATO, did not provide the de-escalation that traders had anticipated.
“There was nothing new in his address, just reiterations of his recent social media posts,” noted trading resource The Kobeissi Letter.
Tonight’s situation is incredibly puzzling.
In President Trump’s address to the nation just now, he effectively reread many of his recent social media posts out loud.
Between threatening Iran’s power plants, saying the Iran War would last 2-3 more weeks, and calling out NATO,…— The Kobeissi Letter (@KobeissiLetter) April 2, 2026
BTC reached intraday lows around $65,000 following the news, experiencing approximately 4% daily losses before making a slight recovery. Gold and equities also declined in a typical risk-off shift.
The U.S. dollar is now poised for a breakout to yearly highs, and oil prices are strengthening in response to the same geopolitical factors. Historically, this combination has posed challenges for Bitcoin. The correlation between BTC and macro risk appetite is tightening at an inopportune time.
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Can BTC USD Price Maintain $66,000 or Are New Lows Ahead?
The technical outlook is worsening. The RSI stands at 45, which appears neutral at first glance but is on a decline, while the 50-day SMA has contracted to $70,700, and the 200-day SMA is at $84,700. Although this is acceptable, the daily chart has transitioned to a strong sell configuration, even as the RSI remains clear of outright oversold conditions.
Immediate resistance in the aftermath is located in the $67,000–$69,000 range, a level that has hindered several recovery attempts. BTC has rejected the $69,000 mark at least once this week. Should current levels falter, the immediate target is $64,000 as the projected low for the week. A longer-term trendline from 2017 lies beneath this, which could serve as a final support before any significant breakdown occurs.
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BTC USD, Tradingview
One trader on TradingView expressed the sentiment straightforwardly: “Many individuals are becoming quite bearish on Bitcoin, but I don’t believe it’s the right time to adopt a bearish stance.” Conviction on both sides is currently weak. The relationship between oil and BTC is the unpredictable factor that could influence the situation.
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Early-Mover With Upside Potential as BTC Tests Supports
While spot BTC may be trending lower, the infrastructure layer being developed on Bitcoin is attracting investment that is indifferent to short-term price fluctuations. If Bitcoin’s base layer serves as a store of value, the current focus is on constructing the execution layer.
Bitcoin Hyper ($HYPER) is positioning itself at this crucial intersection. Marketed as the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, the project offers faster throughput than Solana while benefiting from Bitcoin’s security framework.
The presale has raised over $32 million at a current price of $0.0136, with a staking bonus available at a high 36% APY. Key infrastructure includes a Decentralized Canonical Bridge for BTC transfers and ultra-low-latency smart contract execution aimed at addressing Bitcoin’s core limitations: slow finality, high fees, and lack of programmability.
As macro volatility compresses returns for large-cap assets, early-stage infrastructure projects with real technical differentiation are gaining attention.
For traders who want to explore the project further: Research Bitcoin Hyper here.
This article is not financial advice. Crypto assets are highly volatile. Always conduct your own research before investing.
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