Crypto Blog
Bitcoin’s price dropped over the weekend on the news of escalating tensions between Iran and Israel. Yet, while the market is filled with fear, the bullish trend may not be over yet.
However, BTC has since rebounded and is currently moving toward the $68K resistance level once again. If the price successfully breaks above the level, market participants can be optimistic that a new all-time high is on the horizon.Looking at the 4-hour timeframe, it is evident that the price has swiftly recovered from the $60K support zone. The Relative Strength Index is also fast approaching the 50% level, and the momentum may soon shift bullish.
Bitcoin’s recent price drop has spread fear among market participants, and some holders have even begun panic selling. Yet, this is not the case for most investors, as many are still making considerable profits.
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