Bitcoin (CRYPTO: BTC) surged 3% after President Donald Trump said the U.S. is in “serious discussions” with a “new, and more reasonable, regime” in Iran to end military operations.
The Regime Change Bombshell
Trump’s Truth Social post marked the first public acknowledgment of a regime change in Tehran since the conflict began five weeks ago.
Calling it a “new” regime suggests the talks involve a leadership structure that wasn’t in place when the war started in late February.
Trump demanded Iran open the Strait of Hormuz “immediately for business” and threatened to “blow up and completely obliterate” its electric generating plants, oil wells, and Kharg Island if it fails to reach a deal soon.
He added that officials are also considering desalination plants, targets the U.S. deliberately avoided during the five-week conflict.
The combination creates a two-sided headline that markets are struggling to price cleanly.
On one hand, negotiators are holding talks with a new regime and have made “great progress.” On the other, Trump has just publicly listed every piece of critical infrastructure he prepares to destroy if those talks fail.
The Crypto Response
Cryptocurrencies rose across the board on the news. Bitcoin, Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), and XRP (CRYPTO: XRP) all gained in the past 24 hours amid a wave of short liquidations totaling about $340 million.
Bitcoin bounced back from yesterday’s flush toward $65,700, marking a welcome green candle after recent weakness.
However, price remains squeezed inside a rising wedge on the daily chart, with the upper boundary near $74,700 and lower support around $65,400.
The Technical Setup
The Bollinger Bands tell an interesting story. After expanding aggressively during February’s crash, they’ve been tightening steadily through March. This kind of squeeze typically precedes a sharp, explosive move.
The BB midline at $70,051 and the upper band at $74,728 are the immediate targets if bulls take control.
The Supertrend at $74,099 sits just above price and remains key resistance—flipping this level would signal a significant bullish shift.
Key support sits at $65,374 (lower BB) with $62,500 below that.
On the upside, resistance clusters at $70,000 (BB midline), then $74,099 (Supertrend), then $74,728. The wedge resolution will set Bitcoin’s tone heading into April.
A clean break above $74,100 with volume could trigger a meaningful recovery rally. A break below $65,400 reopens the path toward $60,000.
Image source: Shutterstock
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