BTC Just Jumped $1,329 In One Morning. Right After Iran Shut The Strait Of Hormuz. 🎯
Bitcoin opened at $61,456 on Thursday, down slightly from Wednesday. By morning it had risen to $63,020 — and by 9:15 AM ET it sat at $62,860, up $1,329 from the prior morning.
This happened the same day Iran shut the Strait of Hormuz following new US airstrikes, and the same week US consumer inflation hit its highest reading since 2023.
Both of those would normally be the kind of headlines that send risk assets falling hard. BTC went up instead.
Current technical picture:
14 day RSI — 35.12, oversold territory
50 day EMA — $61,454
200 day EMA — $61,969
Weekly range — $61,000 to $61,800
A weekly close above $61,969 opens the path toward $62,400. A recovery above the 50 day EMA could support a move toward the $63,000 region.
The broader market is mostly sitting in stablecoins right now, with traders waiting on the Federal Reserve's policy decision before deploying capital into risk assets again.
Geopolitical shock. Hot inflation data. Fed decision pending. BTC still managed a $1,300 morning gain.
Click $BTC below and check the live price before the Fed decision drops.
URGENT: BTC just gained over $1,300 in one morning despite Iran shutting the Strait of Hormuz and the hottest inflation data since 2023. Click $BTC below to position before the Fed decision moves this further.
Not financial advice. DYOR.