The cryptocurrency market experienced a complicated weekend following the attack on the United States against Iran. Indeed, the Bitcoin price has plummeted around $ 98,000, while Ethereum returned around $ 2,100. Tensions in the Middle East disrupt the sector, and yet the king of cryptocurrencies is already back beyond $ 100,000. The cash ETFs continue to capture capital from institutional actors, but where is the course of Bitcoin after a high-tension weekend? Let's see the technical situation of the first capitalization of cryptos in the bulletin of the day!
Bitcoin's price drops by 4 % in a week
The conflict between Iran and Israel gave rise to a fall on the course of Bitcoin. Indeed, the course Records 1 % in 24 hours and 4 % in a week. Now the BTC displays a drop by more than 6 % in a month : Paire 1h 24h 7j 1m 3m 6m
BTC/ETH
0.06%
0.51%
9.81%
6.68%
7.27%
60.80%
BTC/USDT 0.61% -1.05% -4.12% -6.16% 17.71% 3.67% Bitcoin performance against different pairs. Source: Coincheckup you have to go back to three months for Find green on Bitcoin (+18 %). In parallel, the pair BTC/ETH finds strength. In fact, the course climbs nearly 10 % in a weeknear 7 % in a month and more than 7 % in three months. The king of cryptocurrencies surperforme Ethereum For six months.
Bitcoin's price drops from $ 104,000 in weekly
The course continues with a Second red candle in a row in weekly. THE Tensions in the Middle East caused a Fall under the level at $ 104,000 :
Bitcoin course against the dollar (1W)-Register for trading view using our affiliation link.
If the sellers continue to have their hands in the coming weeks, the course could return to the Weekly support at $ 92,000. To avoid this downsidebuyers will have to show themselves around the Mobiles 9 and 18 bruises. And to hope for a nouvel ATH On the BTC, it will be necessary to arrive at resume $ 104,000 as a medium. The RSI Momentum indicator continues to develop under the downward trend. As long as the situation is thus, the The moment is fragile.
The course of the BTC finds the level of resistance at $ 102,000
Since the Top around $ 112,000the course displays a series of hollows and descendants. THE sellers have handsand the course returned to the height Support at $ 98,000. But the return to this medium generated a bounceand the course is now on the Resistance at $ 102,000 :
Bitcoin course against the dollar (4 hours)-Register for trading view using our affiliation link.
The course could be done dismiss against resistance and at the level of Mobiles 9 and 18 horses. In this case, the BTC could find the Support at $ 98,000. But a break in the Resistance at $ 102,000 would allow the BTC to find the Resistance at $ 106,000. For its part, the RSI is a lower For several weeks. THE sellers therefore have hands on the momentum in 4 hours. Tensions in the Middle East caused a fall around $ 98,000. The course is already back beyond $ 100,000, but if the level at $ 102,000 is resisting, the Bitcoin price could lose $ 100,000. And in this case, there is a risk of reviewing the BTC around $ 92,000. Despite the complicated period, the Ethereum Ethereum in cash record entries.