BTC recovery fragile, Iran war fallout to 'dominate' markets in 2026: Analyst

Fallout from the Iran war will likely weigh on markets for much of 2026, dashing hopes of rate cuts until Q3 by the earliest, the Coin Bureau's Nic Puckrin said.

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: 

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.

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