Iran&#8217;s oil export despite the blockade suggests a less constrained supply, 
weakening the case for a near-term supply shock.
The post Iran loads 4.6M barrels of oil despite US blockade appeared first on 
Crypto Briefing.

Iran loads 4.6M barrels of oil despite US blockade

The blockchain intelligence agency highlighted that the recently issued 
sanctions package against Russia was perhaps the most comprehensive crypto- 
focused action by the EU, targeting the whole Russian cryptocurrency sector 
rather than individual actors, including the digital ruble in full and the 
RUBx token. Key Takeaways: The EU launched its 20th sanctions package, 
strictly targeting the […]

Chainalysis: EU’s New Sanctions on Russia Mark ‘a New Era’ of Crypto Enforcement

Geopolitical tensions and thin liquidity amplify Bitcoin&#8217;s volatility, 
highlighting the market&#8217;s sensitivity to external catalysts and investor 
sentiment.
The post Bitcoin nears $80K amid US-Iran tensions, traders eye late-April 
rally appeared first on Crypto Briefing.

Bitcoin nears $80K amid US-Iran tensions, traders eye late-April rally

Bitcoin&#8217;s surge could boost investor confidence, potentially leading to 
increased institutional adoption and regulatory scrutiny.
The post Bitcoin surges past $79,000 amid easing geopolitical tensions 
appeared first on Crypto Briefing.

Bitcoin surges past $79,000 amid easing geopolitical tensions

Bitcoin price started a fresh increase and cleared the $78,500 zone. BTC is 
consolidating and might aim for more gains above the $79,200 level. Bitcoin 
managed to stay above $76,000 and started a fresh increase. The price is 
trading above $78,000 and the 100 hourly simple moving average. There is a 
bullish trend line forming with support at $78,250 on the hourly chart of the 
BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays 
above the $78,250 and $77,500 levels. Bitcoin Price Eyes More Gains Bitcoin 
price found support near $77,000 and started a fresh increase. BTC gained pace 
for a move above the $77,500 and $78,000 resistance levels. The bulls even 
pushed the price above $78,500. A high was formed at $79,480, and the price 
started a consolidation phase above the 23.6% Fib retracement level of the 
upward move from the $77,145 swing low to the $79,480 high. The bulls are now 
active above $78,000. Bitcoin is now trading above $78,200 and the 100 hourly 
simple moving average. There is also a bullish trend line forming with support 
at $78,250 on the hourly chart of the BTC/USD pair. If the price remains 
stable above $78,200, it could attempt a fresh increase. Immediate resistance 
is near the $79,200 level. The first key resistance is near the $79,500 level. 
A close above the $79,500 resistance might send the price further higher. In 
the stated case, the price could rise and test the $80,000 resistance. Any 
more gains might send the price toward the $81,200 level. The next barrier for 
the bulls could be $82,000. Another Decline In BTC? If Bitcoin fails to rise 
above the $79,500 resistance zone, it could start another decline. Immediate 
support is near the $78,600 level. The first major support is near the $78,300 
level or the 50% Fib retracement level of the upward move from the $77,145 
swing low to the $79,480 high and the trend line at $78,250. The next support 
is now near the $77,250 zone. Any more losses might send the price toward the 
$76,500 support in the near term. The main support now sits at $75,000, below 
which BTC might struggle to recover in the near term. Technical indicators: 
Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI 
(Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. 
Major Support Levels – $78,250, followed by $77,250. Major Resistance Levels – 
$79,500 and $80,000.

Cryptocurrency price in USD