Multiple Analysts: If geopolitical tensions escalate further, Bitcoin might test the $60,000 support level According to The Block, due to the ongoing U.S.-Iran conflict, Bitcoin has dropped from around $71,000 last week to $67,000, briefly hitting a low of $65,000 on Saturday. BTSE COO Jeff Mei predicts that oil and gas prices will remain high in the short term, dragging down the economy. Bitcoin still has room to dip and might fall to the $60,000 support level. Bitrue Head of Research Andri Fauzan Adziima offers a two-way outlook: If tensions escalate, Bitcoin could test $60,000; if the situation eases and oil prices drop, it might rebound above $70,000.