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Bitcoin is down $ 104,000 in a world sales wave that followed Israeli strikes on Iran

The decrease came from $ 10,500 – the highest level in 24 hours – after the concerns of investors concerning the possibility of a broader geopolitical crisis which could lead to the reluctance of investing in dangerous assets.

The most important points:

  • The price of Bitcoin fell by more than 4% after the Israeli air strikes on Iran caused a wide wave of sale.
  • The United States began the evacuations of Iraq, in the midst of fears about climbing regional conflicts.
  • The Cripto markets have decreased with the registration of companies Ethereum (ETH) and Ripple (XRP).

The price of Bitcoin-BTC has decreased sharply in the last hours of Thursday, down more than 4% to $ 103,556, Israeli air strikes on Iran, which exacerbated the already deteriorating situation in the Middle East.

The price of Bitcoin decreased its highest level in 24 hours to $ 108,500, in reaction to investors in expectations that a wider geopolitical crisis occurred, which led them to abandon high risks. The wave of sharp sales liquidated $ 427 million in prejudicial offers during the price of the last 24 hours.

Israeli officials have confirmed that air strikes were targeting Iranian military facilities near Tehran and Tabriz, describing the operation as a proactive measure in response to the Iranian nuclear threat.

Bitcoin decreased with the possibility of the continuous attack of Israel against Iran for days

Israeli Prime Minister Benjamin Netanyahu described the process as a necessary step to “suppress this threat”, adding that it can continue “several days if necessary”.

For its part, Iran has not yet published an official response, but the Iranian official media have reported explosions and a closure of the country’s air field.

Meanwhile, the United States began to withdraw its diplomats from Iraq and submitted a voluntary evacuation of the families of the military in neighboring countries, and the Ministry of Foreign Affairs issued warning to American citizens of the need to leave Iraq, noting regional instability.

In Washington, the Secretary of State, Marco Rubio, said that Israel had been unilaterally included, but that he had previously informed the United States. Steve Whitcom, special consultant of President Trump, said that nuclear negotiations with Iran were still on the ground, despite the continuous risk of climbing.

Historically, Bitcoin (BTC) has shown sensitivity to geopolitical disorders and has often decreased as the demand of traders of volatile active ingredients.

While some consider this currency as one of the origins of a long -term decline, its price often reflects a general mood with the desire to risk.

In the details of the wider market, Etheeerium (ETH) followed the stages of Bitcoin, and its price decreased below $ 2,500, while Ripple (XRP) decreased to $ 2.10, which increased the pressure on the market as a whole.

Bitcoin is struggling to maintain $ 104,000 in the middle of increasing tensions

Bitcoin (BTC) is exchanged at $ 103,990 at the time of the modification of this news, and prices stability began to return after a sharp reduction of 4% caused by the climbing of geopolitical tensions in the Middle East.

The price has briefly decreased at less than $ 103,000 after Israeli air strikes on Iran, but it came back slightly after that.

On the graphic level for two hours, the price of bitcoin is always under pressure, with the widening of the bolinger ranges and the rapprochement of prices with the lower beach as a sign of increased fluctuations and momentum.

In addition, the RSI index has decreased to 25.51, which is a severe sales area, indicating the possibility of a short -term price rebound. However, MacD index values ​​are still strongly negative (MacD -438.59), indicating the continuation of the descending momentum.

Looking at the calendar for 30 minutes, the price is struggling to restore $ 105,000, while the RSI reading index (RSI) indicates 32.30, and is also close to serious sales levels. Above, the MacD index shows the expansion of the downward trend, which increases the risk of decline if the price does not find the levels of support. Bolinger’s ranges on this period showing a downhill pressure which goes towards a new decrease.

As for the graphical scheme for one minute, short -term recovery attempts appear, because the relative resistance index goes to 66.49 and believes itself with the MacD index in the ascending direction. However, this slight height has not yet been confirmed on larger deadlines, which indicates the need to be careful now.

The main levels that must be monitored include the nearest level of support at $ 102,533 and the level of resistance at $ 105,693.

Finally, the closure can reduce more than $ 105,000 of the sales pressure, but not to restore this level can open the door to more losses at $ 100,000.

Currently, the general mood always tends to refrain from risks, and the Bitcoin buyer must maintain the current levels to avoid any prices correction.

The Bitcoin station falls below $ 104,000 in a world sales wave, followed by Israeli strikes on Iran, appeared first on Arab Cryptonews.

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