$BTC why geopolitics in the Persian Gulf is more important than charts right now
$79 066, almost unchanged per day, volume is serious — $1.29B USDT. Technically everything looks fine: MACD is positive (344.40), RSI 68-72 — a bullish zone without overheat. Price is moving toward the upper Bollinger Band at $86 390.
But right now, the wider picture is more important than the chart 🌍 The US-Iran conflict has been going on for six months; last week American forces struck near the Strait of Hormuz. The US Treasury promises a new package of sanctions, and Iran, in response, threatens not to let a single drop of oil through the Persian Gulf — where almost 70 ships are already stuck.
Escalation typically pushes oil and inflation expectations higher. For BTC, this could play out either way — either as a hedge against instability, or as an asset that gets sold first in panic. The coming days regarding sanctions should be monitored closely ⚠️
#BTC #bitcoin #crypto #Geopolitics
$79 066, almost unchanged per day, volume is serious — $1.29B USDT. Technically everything looks fine: MACD is positive (344.40), RSI 68-72 — a bullish zone without overheat. Price is moving toward the upper Bollinger Band at $86 390.
But right now, the wider picture is more important than the chart 🌍 The US-Iran conflict has been going on for six months; last week American forces struck near the Strait of Hormuz. The US Treasury promises a new package of sanctions, and Iran, in response, threatens not to let a single drop of oil through the Persian Gulf — where almost 70 ships are already stuck.
Escalation typically pushes oil and inflation expectations higher. For BTC, this could play out either way — either as a hedge against instability, or as an asset that gets sold first in panic. The coming days regarding sanctions should be monitored closely ⚠️
#BTC #bitcoin #crypto #Geopolitics
