Bitcoin holds $65K as Iran conflict roils markets and analysts flag $45K downside risk

Bitcoin began the first week of March 2026 trading above $65,000 despite heightened tensions surrounding the Iran conflict and rising oil prices. Traders and analysts highlighted potential downside targets between $40,000 and $50,000 based on long‑term technical patterns, even as spot Bitcoin ETFs logged over $1 billion in net inflows across three days. Market commentary suggested the military campaign may remain limited in duration due to US inflation concerns, while institutional demand signaled an early shift in how BTC is being accumulated.