Bitcoin is on track for a 5th straight weekly red close something we haven’t seen since March–May 2022 (when BTC went red for 9 weeks).
Right now BTC is down ~3% this week and trading below $67K, so another weekly red is very possible.
Why market is feeling heavy ⚠️
Geopolitical tension is pushing “risk-off” again:
Middle East nerves are rising
USD index (DXY) jumped to 97.7 (highest since Feb 6)
WTI oil moved up to $65 from $62
Stronger dollar + higher oil usually = pressure on risk assets like crypto.
Extra macro fear
Reports say the U.S. has built its largest air power presence in the Middle East since 2003. Strikes on Iran are being discussed, but no final call yet. Polymarket is pricing about 27% chance of strikes by month-end.
Bigger picture damage
BTC is down 50%+ from its October ATH around $126,500
Monthly chart: 5 straight red months since October (2nd longest streak ever)
vs Gold: BTC has underperformed for 7 straight months (longest run)
✅ Bottom line: Macro fear + stronger USD + rising oil = risk assets bleeding. BTC needs strength back fast or this weekly streak continues.
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