Crypto vs Conflict: Bitcoin Price Dips as US–Iran Rumors Escalate

24h ago•

bullish:

bearish:

Bitcoin Dips as US-Iran Tensions Cause Oil to Surge

Bitcoin fell 1.7% to $107.6K as investors reacted to rising geopolitical uncertainty.
Crude oil prices spiked over 4% following Trump’s warnings and Iran’s threats.
Tensions over Iran’s nuclear program and missile tests are driving market volatility.

Bitcoin took a bearish turn on Wednesday, retreating from its recent highs as escalating geopolitical tensions between the United States and Iran pushed crude oil up more than 4% while BTC dropped from a daily high of $110K to trade at $107,657.61 at press time.

The market shift reflects a classic risk-off reaction, as investors sought refuge in traditional hedges like oil while trimming exposure to volatile digital assets. Over the past 24 hours, Bitcoin experienced a sharp pullback to the daily low of $107,407.29, as per CoinMarketCap data.

With the 20-day exponential moving average (EMA) around $106.3K acting as the immediate support zone, and a deeper floor forming near the 50-day EMA at $102K, traders should brace for further downward pressure. Should Bitcoin break below the $106.3K support level, eyes will turn to the 50-day EMA at $102K as a potential rebound point.