QCP: Bitcoin remains in a range-bound consolidation, with no clear upward breakout momentum yet.

CoinDesk report, March 30, QCP’s latest market report said that after dipping briefly to $65,000 during the Asian session, Bitcoin quickly rebounded and is currently holding in the $66,000 to $67,000 range, continuing the typical pattern of weakness over the weekend followed by stabilization at the start of the week. Despite selling pressure after options expiry and uncertainty around the situation in the Middle East, BTC overall has still held the $65,000 to $70,000 range, but the monthly chart may record a sixth consecutive month of decline, reflecting how fragile market sentiment remains. The report also noted that Bitcoin’s recent relative performance is still resilient: since the escalation of the Iran conflict, it has outperformed gold and the U.S. stock market, suggesting that some safe-haven attributes have returned. As the deadline for President Trump’s “10-day buffer period” for Iran’s military action approaches on April 6, the market remains on alert for further escalation, and BTC’s near-term trend will still be driven primarily by news. On the macro front, high oil prices and ongoing risks to key transport routes continue to strengthen “stagflation” expectations; even if the situation eases, the war-risk premium is unlikely to fade in the short term. In the derivatives market, volatility compression after options expiry has been limited, and traders are still “pricing in” volatility; the overall structure reflects cautious sentiment rather than panic, and the market has not yet formed clear upward breakout momentum.