Bitcoin price hits monthly highs, gains more than $10k since US-Iran attacks

Data from the chain shows strong interest in whale purchases just a day after the end of the Chinese holiday.

Bitcoin price has finally shown strong signs of a major breakout, reaching a new monthly high above $73,000 today.

This is very unexpected, given the huge geopolitical tensions that some analysts are even calling a war that broke out in the Middle East on Saturday.

At that time, BTC fell to $63,000 after the US and Israel launched military operations against Iran, which immediately retaliated against several countries in the region. Although Iran’s supreme leader was killed in the attacks, the country redoubled its strikes, while the US president said the war could last up to four weeks.

Instead of charting new and painful losses, bitcoin reversed its trajectory late Saturday and reached $68,000. It was rejected and driven south to $66,000 over the next few days, but has been on the offensive for the past 12 hours.

The cryptocurrency gained more than $5,000 during this period, reaching its highest level in a month at more than $73,000. That means it has increased by more than $10,000 since Saturday, when the attacks began.

The well-known CW analyst suggested that the BTC CVD indicator shows “strong buying”, mainly from whales, not retail.

In $BTC The CVD indicator shows a strong buy.

In addition, buying from whales is less expensive than retail investors.

Sharks are leading the current trend. pic.twitter.com/HyAnB6XzOB

— CW (@CW8900) March 4, 2026

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In another message, the analyst noted that today is the first day after the Chinese holidays, which this time lasted for more than a week, and some of the most used exchanges on local soil – Binance and OKX “show a large net purchase of BTC.”

Market analyst Daan Crypto Trades acknowledged bitcoin’s rise to a one-month high, indicating that the current rally has been a “hard bust so far.” He believes that the bull should not allow BTC to drop below $71,500 again; otherwise it was considered a clear sign of weakness.

$BTC The highest level since the beginning of February.

So far it’s been hard. From here, it’s pretty straight forward. The bulls should not let this drop further below the 71.5K-72K area. If this is the case and the price moves back into the range, then it was just a big divergence and stop… https://t.co/SdjrYF1lmw pic.twitter.com/8ODkoKhtVa

– Daan Crypto Trades (@DaanCrypto) March 4, 2026