Bitcoin Holds Strong Despite Israel-Iran Tensions – Weekly Resistance Begins To Crack
Bitcoin has experienced volatility due to escalating tensions between Israel and Iran, impacting global markets. Despite this, Bitcoin remains above key support levels, showing resilience. Currently trading near its all-time high, it is in a consolidation phase viewed by analysts as a potential precursor to a breakout. Rekt Capital notes that the final major Weekly resistance may be weakening, indicating a possible shift in market structure. Investors are closely monitoring geopolitical developments, with optimistic participants hoping for a diplomatic resolution that could stabilize markets and lower oil prices. Conversely, cautious investors fear prolonged conflict may increase volatility and inflation. The upcoming days are critical for Bitcoin's market trajectory, with attention on its ability to maintain higher lows and approach resistance with momentum.
