Bitcoin News
By Maheen Hernandez
1 / 11
Will Bitcoin “Moon” If There’s War in The Middle East?
2 / 11
Immediate Price Action of Bitcoin
3 / 11
Bitcoin (BTC) is an excellent place for both haven capital and flight capital to people in Iran who want to protect their assets.
4 / 11
Since January 6, BTC price has rallied over 15% for a $1,100 gain. This suggests that both day and swing traders can also take profits.
5 / 11
Following the killing of Iranian Major General in the Islamic Revolutionary Guard Corps Qasem Soleimani, the market began to move. As expected, both gold and oil jumped.
6 / 11
The data is fascinating since it implies that the global professionals reacted to the news more quickly than private speculators.
7 / 11
However, the recent cryptocurrency market report displayed that the price of Bitcoin already dropped.
8 / 11
The immediate Bitcoin’s price actions come with a several factors to consider. The speculators look for $8,300 to hold as a way of supporting the resistance.
9 / 11
In the case that $8,300 fails to offer a support, speculators can rely on $8,130 because it is aligned with the 200-Day Moving Average.
10 / 11
The recent update displays that the price of BTC continues to pull closer to %8,000. Besides, the bulls attempt to hold the 200 DMA.
11 / 11
In the case that $8,000 gives away, investors might like to target the $7,850 - $7,550 area. This will also fall close to the 61.8% - 50% Fibonacci retracement zones.
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