Bitcoin continued to surprise some analysts as it held the lower end of its local range despite fresh Iran pressure on macro markets.

Bitcoin neared the first six-consecutive-month streak of losses since the 2018 bear market as Iran war woes kept markets firmly in check.

Bitcoin joined a risk-asset rout as oil-supply nerves sparked major US inflation warnings, with $70,000 in place as new BTC price resistance.

Bitcoin grabbed downside liquidity as oil-supply pressure sent BTC price action below $66,500 to its lowest levels since March 9.