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Bitcoin cratered to $63, 000, falling 3% and reaching its lowest point since early February after the US and Israel launched airstrikes on Iran. Such a reaction is typical for bitcoin, which, due to its 24/7 liquidity, tends to be the first to react to geopolitical shocks.
#MarketReaction The strike has increased the risk of regional conflicts, coming on the heels of a US military buildup and the breakdown of nuclear talks. Bitcoin is like a pressure valve for risk, off sentiment on the weekends when it absorbs the selling which otherwise would spill over into equities, commodities, and currencies.
#KeyLevelsBitcoin price now: $63, 000Support level: $60, 000Resistance: $70, 000Are you interested to know more about Bitcoin's price outlook or how geopolitical events affect crypto markets?
#bitcoin #binance
$BTC
Bitcoin cratered to $63, 000, falling 3% and reaching its lowest point since early February after the US and Israel launched airstrikes on Iran. Such a reaction is typical for bitcoin, which, due to its 24/7 liquidity, tends to be the first to react to geopolitical shocks.
#MarketReaction The strike has increased the risk of regional conflicts, coming on the heels of a US military buildup and the breakdown of nuclear talks. Bitcoin is like a pressure valve for risk, off sentiment on the weekends when it absorbs the selling which otherwise would spill over into equities, commodities, and currencies.
#KeyLevelsBitcoin price now: $63, 000Support level: $60, 000Resistance: $70, 000Are you interested to know more about Bitcoin's price outlook or how geopolitical events affect crypto markets?
#bitcoin #binance
$BTC
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