Geopolitical tensions from the US blockade may lead to increased market 
volatility, affecting investor confidence in Bitcoin&#8217;s future growth.
The post US naval blockade in Strait of Hormuz impacts Bitcoin market 
sentiment appeared first on Crypto Briefing.

US naval blockade in Strait of Hormuz impacts Bitcoin market sentiment

Bitcoin&#8217;s surge highlights the cryptocurrency market&#8217;s sensitivity to 
geopolitical events, potentially influencing future investment strategies.
The post Bitcoin surges past $80K, $104M in shorts liquidated amid US-Iran 
ceasefire appeared first on Crypto Briefing.

Bitcoin surges past $80K, $104M in shorts liquidated amid US-Iran ceasefire

Bitcoin&#8217;s surge highlights its sensitivity to geopolitical tensions, 
underscoring its role as a hedge against global economic uncertainty.
The post Bitcoin surges to $80,000 amid US-Iran tensions, first time since 
January appeared first on Crypto Briefing.

Bitcoin surges to $80,000 amid US-Iran tensions, first time since January

Bitcoin price started a fresh increase and cleared the $80,000 zone. BTC is 
consolidating and might aim for more gains above the $80,500 level. Bitcoin 
managed to stay above $78,000 and started a fresh increase. The price is 
trading above $78,500 and the 100 hourly simple moving average. There is a 
bullish trend line forming with support at $79,000 on the hourly chart of the 
BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays 
above the $79,000 and $78,500 levels. Bitcoin Price Regains Traction Bitcoin 
price found support near $78,000 and started a fresh increase. BTC gained pace 
for a move above the $78,500 and $78,800 resistance levels. The bulls even 
pushed the price above $80,000. A high was formed at $80,336, and the price 
started a consolidation phase above the 23.6% Fib retracement level of the 
upward move from the $74,940 swing low to the $80,336 high. The bulls are now 
active above $78,500. Bitcoin is now trading above $79,200 and the 100 hourly 
simple moving average. There is also a bullish trend line forming with support 
at $79,000 on the hourly chart of the BTC/USD pair. If the price remains 
stable above $79,200, it could attempt a fresh increase. Immediate resistance 
is near the $80,250 level. The first key resistance is near the $80,500 level. 
A close above the $80,500 resistance might send the price further higher. In 
the stated case, the price could rise and test the $81,200 resistance. Any 
more gains might send the price toward the $82,000 level. The next barrier for 
the bulls could be $82,500. Another Decline In BTC? If Bitcoin fails to rise 
above the $80,500 resistance zone, it could start another decline. Immediate 
support is near the $79,000 level. The first major support is near the $78,250 
level. The next support is now near the $77,650 zone and the 50% Fib 
retracement level of the upward move from the $74,940 swing low to the $80,336 
high. Any more losses might send the price toward the $77,000 support in the 
near term. The main support now sits at $76,000, 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 – 
$79,000, followed by $78,250. Major Resistance Levels – $80,500 and $82,000.

Bitcoin Price Cracks $80K Resistance, Is A Bigger Surge Ahead?

The U.S. Navy&#8217;s cautious stance in Hormuz may prolong regional instability, 
affecting global oil markets and diplomatic relations.
The post US Navy limits Hormuz escorts amid Iran tensions, impacting blockade 
outlook appeared first on Crypto Briefing.

US Navy limits Hormuz escorts amid Iran tensions, impacting blockade outlook

Project Freedom may stabilize Strait of Hormuz traffic, but ongoing blockade 
and Iranian mines continue to challenge regional security dynamics.
The post US Navy launches Project Freedom for safer Hormuz navigation amid 
blockade appeared first on Crypto Briefing.

US naval blockade in Strait of Hormuz impacts Bitcoin market sentiment

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