Bitcoin is currently trading at $88,999.75, with a 1.11% decrease. The cryptocurrency has entered a loss realization phase, with investors collectively realizing losses totaling roughly 69,000 BTC since December 23. ¹ ²

The recent market trend is attributed to various factors, including geopolitical tensions between the US and Iran. US President Donald Trump has warned Iran of severe consequences if it continues to escalate tensions, stating that an "armada" is moving towards Iran. ³

*Key Support and Resistance Levels:*

- Support: $89,300 and $87,400

- Resistance: $91,800 and $94,200

*Market Sentiment:*

The current market sentiment is cautious, with investors weighing the potential impact of US-Iran tensions on the global economy.

Would you like to know more about the potential impact of US-Iran tensions on Bitcoin's price or the current market trends?