Bitcoin price started a decent increase above the $68,000 zone. BTC is now showing positive signs and might gain further if it clears $69,250. Bitcoin gained pace for a move above the $67,500 and $68,000 levels. The price is trading above $68,500 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $67,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $69,250 and $69,500 levels. Bitcoin Price Gains Traction Bitcoin price managed to climb higher above the $67,250 resistance zone. BTC gained pace for a move above the $67,500 and $68,000 levels. There was a break above a bearish trend line with resistance at $67,650 on the hourly chart of the BTC/USD pair. The pair even climbed above $69,000. A high is formed at $69,256, and the price is now consolidating above the 23.6% Fib retracement level of the upward move from the $65,688 swing low to the $69,256 high. Bitcoin is now trading above $68,000 and the 100 hourly simple moving average. If the price remains stable above $68,500, it could attempt a fresh increase. Immediate resistance is near the $69,250 level. The first key resistance is near the $69,500 level. A close above the $69,500 resistance might send the price further higher. In the stated case, the price could rise and test the $70,000 resistance. Any more gains might send the price toward the $71,500 level. The next barrier for the bulls could be $72,000. Another Decline In BTC? If Bitcoin fails to rise above the $69,250 resistance zone, it could start another decline. Immediate support is near the $68,800 level. The first major support is near the $68,500 level. The next support is now near the $67,500 zone or the 50% Fib retracement level of the upward move from the $65,688 swing low to the $69,256 high. Any more losses might send the price toward the $67,000 support in the near term. The main support now sits at $66,500, 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 – $68,500, followed by $68,000. Major Resistance Levels – $69,250 and $69,500.
Rising odds of US military action in Iran could destabilize regional geopolitics and impact global markets significantly.
The post Odds for US forces entering Iran by April 30 rise to 86% amid market shifts appeared first on Crypto Briefing.
Rising odds of US military action in Iran could destabilize regional geopolitics, impacting global markets and diplomatic relations.
The post Odds of US forces entering Iran by April 30 surge to 86% as traders react appeared first on Crypto Briefing.
The range of discounts in crypto token secondary markets has widened in recent months. Here’s what's going on in that market.
The diplomatic impasse heightens geopolitical tensions, reducing near-term ceasefire prospects and impacting global market stability.
The post Ceasefire odds for US-Iran talks plummet as intermediaries step back appeared first on Crypto Briefing.
Iran's ceasefire push suggests a strategic pivot towards enduring conflict, impacting market expectations and diplomatic dynamics.
The post Iran’s 45-day ceasefire push makes April 7 unlikely, traders see prolonged conflict appeared first on Crypto Briefing.
The proposed ceasefire could shift focus towards diplomacy, but skepticism and market trends suggest a prolonged resolution timeline.
The post Iran mediators propose 45-day ceasefire amid low US-Iran resolution odds: FT appeared first on Crypto Briefing.
The push for a ceasefire highlights potential de-escalation, but significant diplomatic efforts are needed for meaningful progress.
The post Iran mediators seek 45-day ceasefire as April 7 odds drop to 1.1% appeared first on Crypto Briefing.
The increased odds highlight growing instability concerns, but traders remain cautious, seeking more substantial signs of regime change.
The post Explosions in Tehran raise odds of Iranian regime falling to 14% by June 30 appeared first on Crypto Briefing.
Rising odds of US ground forces in Iran suggest potential for prolonged conflict, impacting geopolitical stability and market dynamics.
The post Odds for US ground forces entering Iran by April 30 rise to 86% after colonel’s mission appeared first on Crypto Briefing.
The increased likelihood of US forces entering Iran suggests potential for prolonged military engagement, impacting regional stability and global markets.
The post US forces entering Iran by April 30 now 86% likely after colonel’s rescue appeared first on Crypto Briefing.
Escalating US-Iran tensions over dollar control could destabilize global markets, impacting energy trade and diplomatic relations worldwide.
The post US-Iran ceasefire odds drop sharply amid escalating conflict over dollar control appeared first on Crypto Briefing.
Iran's yuan oil trade strategy underscores geopolitical tensions, affecting global market stability and complicating diplomatic resolutions.
The post Iran’s yuan oil trade complicates US-Iran ceasefire efforts, market confidence drops appeared first on Crypto Briefing.
Heightened tensions and market reactions suggest potential instability in Iran, impacting geopolitical dynamics and investor sentiment.
The post Iran’s regime fall odds rise to 13.5% after rejecting Trump’s offer: sources appeared first on Crypto Briefing.
The events underscore the fragile stability of Iran's regime, with increased market interest reflecting heightened geopolitical uncertainty.
The post Tehran explosion and missile strike in Haifa raise odds of Iranian regime fall to 14% appeared first on Crypto Briefing.
The events underscore the complexity of the conflict, with Iran's military actions suggesting regime resilience amid ongoing tensions.
The post Iranian missile strike in Haifa and Tehran explosion highlight ongoing conflict appeared first on Crypto Briefing.
The mediation efforts highlight the fragile geopolitical landscape, with potential shifts in regional alliances and market volatility.
The post Pakistan and Egypt mediate US-Iran talks as ceasefire confidence declines appeared first on Crypto Briefing.
The mediation efforts highlight the complexities of diplomatic interventions and their limited immediate impact on geopolitical tensions.
The post Pakistan and Egypt mediate US-Iran talks as ceasefire odds decline appeared first on Crypto Briefing.
The increased odds of U.S. military entry into Iran suggest heightened geopolitical tensions and potential for extended military engagement.
The post US military rescue mission in Iran raises April 30 entry odds to 86.5% appeared first on Crypto Briefing.
The operation's success signals increased U.S. military engagement in Iran, influencing market expectations and strategic forecasts.
The post US special forces rescue navigator in Iran, boosting April 30 operation odds appeared first on Crypto Briefing.
Bitcoin's surge highlights its volatility and potential as a geopolitical hedge, with institutional actions and global stability as key influences.
The post Bitcoin price surpasses $68,000 as traders eye $100,000 by June 30: FT appeared first on Crypto Briefing.
Bitcoin's potential $1M valuation by 2035 highlights the need for institutional adoption and macroeconomic shifts to drive long-term growth.
The post Bitwise CIO predicts Bitcoin could hit $1M by 2035 with 15% dominance: FT appeared first on Crypto Briefing.
The $280 million Drift Protocol attack was likely carried out by threat actors aligned with North Korea state-affiliated hackers.
Escalating US-Iran tensions highlight geopolitical instability, impacting market confidence and delaying potential diplomatic resolutions.
The post Ceasefire odds plummet as Trump threatens Iran, traders eye May for movement appeared first on Crypto Briefing.
Rising tensions and military alignments suggest a significant shift towards conflict, diminishing prospects for diplomatic solutions.
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The UAE's involvement signals a deepening regional conflict, diminishing prospects for a swift ceasefire and increasing military tensions.
The post Iran missile attacks on Kuwait escalate conflict as UAE joins US-led mission appeared first on Crypto Briefing.
Escalating tensions and market volatility highlight the fragile geopolitical landscape, with potential for significant economic disruptions.
The post Trump threatens to destroy Iran’s infrastructure as ceasefire odds plummet appeared first on Crypto Briefing.
A solo bitcoin miner using CKpool collected roughly $210,000 for solving the 312th solo block cracked with the software since its 2014 launch.
Iran's retaliation threat heightens tensions, diminishing ceasefire prospects and increasing market volatility and uncertainty.
The post Iran vows retaliation against US attacks, reducing ceasefire odds significantly: FT appeared first on Crypto Briefing.
Most simplifies the complex process of quantum computing as "it can be 0 and 1 at the same time." That is not an explanation for why it threatens Bitcoin. This is.