The fight that is going on between them due to which Bitcoin has also gone down, but in the coming days the price of Bitcoin will improve and that is why we will have good views about it again.
I agree with you to an extent — that’s why I decided to rebuild part of my BTC exposure.
The geopolitical situation didn’t spiral as badly as I feared. Iran is responding, but in a contained way, and crucially, they haven’t shut down oil flow through the Persian Gulf.
If this turns into a stalemate rather than all-out war, we might see a fast diplomatic resolution — and Bitcoin could rally as a result.
As of now, testing back up to 90k level as well may happen as we are seeing bulls were finding no strength around 110k level even with multiple attempts. Regardless of world political situation, when bulls lose power, retracement is inevident.
We’re seeing a solid structure here — bulls printed three higher lows: $100K, $103K, and now $104K.
That’s enough for me to re-enter with a small add.
If the bounce holds, I doubt we’ll see a $95K retest soon. Especially with unconfirmed reports about Iran’s leadership possibly preparing for evacuation — that could change the narrative fast.