The new directives could heighten geopolitical tensions, impacting global oil 
markets and complicating diplomatic efforts for peace.
The post Iran issues new directives for Strait of Hormuz amid US talks 
appeared first on Crypto Briefing.

Iran issues new directives for Strait of Hormuz amid US talks

The incident heightens geopolitical risks, potentially affecting global oil 
markets and prompting international diplomatic responses.
The post Iran navy fires on Indian tankers in Strait of Hormuz, escalating 
tensions appeared first on Crypto Briefing.

Iran navy fires on Indian tankers in Strait of Hormuz, escalating tensions

Bitcoin has confirmed a breakout from its macro downtrend on the linear chart, 
signaling a potential shift in broader market structure. However, with the 
price now sitting at a key resistance zone on the logarithmic chart, 
uncertainty remains. The coming sessions will be crucial in determining 
whether this move develops into a sustained bullish trend or a potential bull 
trap. Macro Breakout Signals Possible End Of Bear Cycle Historically, Bitcoin 
bear markets conclude once the price begins to steadily climb above the macro 
downtrend on linear charts. Following yesterday&#8217;s daily close, Scient notes 
that we have officially confirmed a breakout from this primary trendline. This 
shift in market structure has prompted a strategic search for high-potential 
setups across various altcoins. Related Reading: Bitcoin Price Breaks Higher: 
What The Market Data Says Could Happen Next Despite the linear breakout, the 
question remains whether this move is a genuine trend reversal or a temporary 
deviation. While the linear chart shows a clear breach of resistance, the log 
chart tells a different story. Currently, the price is sitting exactly at a 
major resistance level on the logarithmic scale. The validity of this move 
depends heavily on how the price reacts to these overlapping levels in the 
coming sessions. If this move turns out to be a fakeout, the price will lose 
momentum quickly. In that case, Bitcoin would likely fall back below the 
linear resistance. To confirm true strength across both linear and log 
perspectives, the price needs to push into the mid-$80,000 region. Holding 
that level for several daily closes would effectively flip the macro structure 
from bearish to bullish, turning all subsequent price dips into high- 
conviction buying opportunities for long-term investors. The upcoming seven to 
ten days represent a pivotal window for Bitcoin’s medium-term trajectory and 
the broader market. This timeframe will determine if the current breakout can 
overcome the log resistance or if the market requires further consolidation. 
Bitcoin Nears $80,000 Target As Momentum Holds Steady According to Crypto 
Candy, Bitcoin is currently moving in alignment with previous projections, 
showing strong momentum as it nears the primary target of $80,000. The analyst 
notes that the asset has almost reached this milestone, and if the current 
buying pressure persists, the price is expected to enter the $80,000 zone 
shortly. Related Reading: Bitcoin Supply On Crypto Exchanges Drying Up As 
Accumulation Gains Steam While the upward trajectory is clear, potential 
short-term retracements before the final target is hit are likely. These minor 
pullbacks are considered natural market breathers and do not shift the broader 
bullish outlook. The current bullish bias remains intact as long as Bitcoin 
sustains its position above the $73,000 level. This price point serves as the 
definitive line in the sand for the current move. With this, the path toward 
$80,000 remains the most likely scenario for the immediate future. Featured 
image from Getty Images, chart from Tradingview.com

Bitcoin Breakout Confirmed, But Is It Real Or A Bull Trap?

The conflicting statements highlight ongoing tensions, reducing confidence in 
imminent diplomatic resolutions and impacting market stability.
The post Iran, US issue conflicting statements on Strait of Hormuz appeared 
first on Crypto Briefing.

Iran, US issue conflicting statements on Strait of Hormuz

The IRGC&#8217;s actions heighten regional tensions, deterring UK naval presence and 
impacting geopolitical stability in the Strait of Hormuz.
The post IRGC fires on vessel in Strait of Hormuz, UK warship passage seen as 
unlikely appeared first on Crypto Briefing.

Cryptocurrency price in ARS