Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-dynamics-amid-israel-iran-tensions/" data-wpel-link="internal">Bitcoin Price Dynamics Amid Israel-Iran Tensions</a><br></p>
<p style="text-align: justify">The increasing tension between Israel and Iran has created a profound impact on the <strong>cryptocurrency</strong> market, particularly affecting the price of <a href="https://coin-turk.com/bitcoin-balinalari-halvingden-sonra-da-btc-toplamayi-surdurdu" data-wpel-link="internal">Bitcoin</a>. The recent sudden drops in <a href="https://en.coin-turk.com/crypto-market-awaits-key-dates-a-calm-before-the-storm/" data-wpel-link="internal">Bitcoin</a> prices are closely associated with the political tensions in this region. Looking at the <a href="https://en.coin-turk.com/boyaa-interactive-to-invest-100-million-in-bitcoin-and-ethereum/" data-wpel-link="internal">BTC</a>/USD pair price movements, a recovery wave from the $60,660 level is observed. However, Bitcoin encounters significant resistance levels, facing obstacles in its recovery process.</p> 
<h2 style="text-align: justify" id="bitcoin-price-above-65-000">Bitcoin Price Above $65,000</h2> 
<p style="text-align: justify">Currently, Bitcoin is trading above the $65,000 level. According to the 4-hour chart, there is a significant ascending channel formed by the $65,850 resistance. The first major resistance Bitcoin faces is at the $66,000 level. However, if the price can break above this level, a move towards the $68,000 resistance zone could begin.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-340175 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/btc-coin-turk-com-1-6.png" alt="" width="1864" height="816"></p> 
<p style="text-align: justify">In this case, it is expected that the price could gain momentum towards the $70,000 levels. The main resistance point is located near the $71,200 region. If Bitcoin can overcome these resistances, it seems likely that it could embark on a journey towards the $72,500 level in the near term.</p> 
<p style="text-align: justify">Caution is advised during this Bitcoin recovery phase. Political factors such as the Israel-Iran tension and uncertainties in the market could cause the price to fall again.</p> 
<h2 style="text-align: justify" id="is-another-drop-possible-for-btc">Is Another Drop Possible for BTC?</h2> 
<p style="text-align: justify">If Bitcoin cannot break above the $66,850 resistance zone, it could initiate a new downward trend. So, what should investors expect? The BTC/USD pair has captured a significant upward momentum after a sharp decline but has failed to surpass the critical $66,850 resistance zone. This creates uncertainty in the market and increases the risk of a correction movement.</p> 
<p style="text-align: justify">Currently, an important support level for Bitcoin is near $64,500. However, if this support is broken, the price could potentially fall towards the $63,000 level. In this scenario, a $62,000 level could be tested, and even a move towards the $60,500 support area could be observed in the near term.</p> 
<p style="text-align: justify">Looking at the technical indicators, the four-hour <strong>MACD</strong> is losing momentum and moving away from the bullish zone. However, the four-hour RSI (Relative Strength Index) remains above the 50 level. This indicates that buyers are still somewhat influential in the market.</p> 
<p style="text-align: justify">The main support levels are determined at $64,500 and then $63,000. On the other hand, the resistance levels are being monitored at $65,850, $66,000, and $68,000.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-price-dynamics-amid-israel-iran-tensions/" data-wpel-link="internal">Bitcoin Price Dynamics Amid Israel-Iran Tensions</a></h5>

Bitcoin Price Dynamics Amid Israel-Iran Tensions

Table of Contents

COINTURK NEWS

Другие статьи, опубликованные 15 апр. 2024 г.

Former Goldman Sachs Executive Says Two Altcoin Ecosystems Competing for ‘Layer-One Race’

Dogwifhat’s Future Valuation: WIF & BUDZ Predictions and Analysis for Cryptocurrency Investors

Waves Price Prediction: Can WAVES Sustain Gains Near 200-Day EMA?

Meme coins to watch: Shiba Inu, Floki, and Rebel Satoshi Arcade

Ondo Price Prediction: ONDO Surges 22% As This World-First AR/VR Crypto Rockets Towards $6M

Bitcoin Soars as Hong Kong Approves Its First Spot Bitcoin ETF

Join our free newsletter for daily crypto updates!