CoinWorld News reports that on March 1st, crypto analyst Murphy stated, "The market's current greatest uncertainty still stems from the US-Iran geopolitical conflict. As key events unfold, we need to pay attention to the scope of the conflict, its duration, and its impact on oil prices. However, at least during the weekend when there is a lack of significant institutional and market maker participation, the bearish forces are not yet strong enough to push BTC quickly below the $60,000 level. The above assessment still needs to be further validated after the US stock market opens next week. If the trend confirms, then the previous analysis regarding 'how far this rebound can go' and the key resistance levels will still hold."