Bitcoin After its recent rise, it turned down as expected and finds buyers at $66,700. Iran talks may not yield results, and initial statements were not very positive. We are seeing losses reaching 5% again in altcoins. So what are the latest predictions for AVAX and ETH?
Iran Latest Situation
Speaking to Al Jazeera, the Iranian official said that the US offer was not reasonable. At the time the article was being prepared, the second meeting had started. After the first meeting lasted 3 hours, today’s negotiations lasted longer than the previous ones. The statement made by the official is summarized as follows:
“The permanent reset of uranium enrichment has been completely rejected. The complete elimination of nuclear facilities has been completely rejected. The transfer of available uranium has been completely rejected.”
Trump unequivocally and clearly wants nuclear work to stop. It is also requested that development of short- and long-range ballistic missiles be stopped. While the internal turmoil continues in Iran, Trump, who shared “help is on the way”, made a large military buildup in the region. Considering that March 1-6 is the deadline, it would not be surprising if the attack started at the beginning of next month. If no results are obtained from today’s negotiations, Trump’s scenario of “approving the attack that will convince them while the negotiations continue” may be put into effect this weekend. In summary, we are in a tough week for cryptocurrencies.
Ethereum (ETH) and Avalanche (AVAX)
BTC After taking a break from the decline, it is now retreating again. Unless we see weekly closes above $70 thousand, the reasonable scenario will continue to be $56 thousand. ETH could not exceed $2,100 as the risks were still evident, and BTC lost $2,000 again as it retreated. Altcoins We have seen rapid recovery from the bottom in most of them, they have moved up to local resistance and now provide an easy short selling opportunity with BTC.
If the decline continues, ETH may test $1,842. Below this, there is a risk that sales will accelerate with the loss of $ 1,750. ETH It’s pretty close to the last major bottom.
Targeting $8.63 AVAX If it loses this, it may fall to the bottom of $ 8.23. If Bitcoin’s withdrawal from Iran accelerates, AVAX, which will set its sights on $6.58 on Friday for the new 2026 bottom, has not fallen to these levels for approximately 1800 days.
