Bitcoin Holds Strong Despite Israel-Iran Tensions – Weekly Resistance Begins ...
Bitcoin has weathered a wave of volatility in recent days, triggered by the escalating conflict between Israel and Iran. As geopolitical tensions rise and global markets grapple with uncertainty, risk assets like BTC have faced increased pressure. Yet despite this turbulent backdrop, Bitcoin has managed to maintain its footing above key support levels, demonstrating notable resilience. Related Reading: Ethereum Consolidation Continues – Altseason May Follow A Clean Break Above Resistance Currently trading just under its all-time high, Bitcoin is in a consolidation phase that many analysts....
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Bitcoin’s recent price activity has been characterized by sharp swings as global uncertainties persist, particularly following the escalation of tensions between Israel and Iran. After plunging by nearly 5% amid the rising geopolitical strain, Bitcoin managed to recover, bouncing back above $105,000 and currently trading around $106,800. The past 24 hours have been highlighted by Bitcoin recovering toward $108,000 briefly again, but with escalating tensions in the Middle East, there’s a good chance it could crash soon. This aligns with an outlook from a crypto analyst, who noted that....
Bitcoin is currently consolidating in a tight range between two major historical price levels—the all-time high (ATH) of $112,000 and the previous cycle’s peak at $103,600, set back in December. Despite heightened global tensions, particularly the escalating conflict between Israel and Iran, Bitcoin has held firm above key demand zones, signaling strong bullish intent even […]
Ethereum faced intense selling pressure earlier today as geopolitical tensions flared following Israel’s attack on Iran, shaking global markets and triggering risk-off behavior across crypto. The sudden spike in volatility pushed Ethereum away from its recent highs, as it retraced after failing to break above the critical $3,000 resistance level. This marks a pivotal moment for ETH, which had shown strong momentum in recent sessions before being hit by the broader market downturn. Related Reading: Ethereum Repeats History – Key Support Holds Again Ahead Of Potential Rally Despite the sharp....
As Iran plans to scrap the use of US dollar as reserve currency, there are speculations of it being replaced by Bitcoin. Iran could pave the way for the adoption of Bitcoin as a foreign reserve currency. The reports of Iran moving away from US dollar as the preferred reserve currency in retaliation to the travel ban issued by Trump administration has led to this speculation. Until recently, Iran has been under sanctions for its nuclear program. With the sanctions relaxed last year, there were signs of trade and diplomatic relations between Iran and the United States returning to normalcy.....
Ethereum is holding strong despite a week filled with extreme volatility and heightened geopolitical tensions. Following escalations in the Middle East, with conflict between Israel and Iran fueling global market uncertainty, ETH managed to maintain its critical price range. After briefly dipping earlier in the week, Ethereum has reclaimed momentum and is now trading around crucial levels that could define the next move for the broader altcoin market. Related Reading: Ethereum Weekly Candle Hints At Pre-Tower Top Formation – Details Top analyst Ted Pillows shared a technical outlook....