Geopolitical Risk & Bitcoin ๐
Headline: USA vs. IRAN: Why Bitcoin is Dumping (and why it might pump later) โ๏ธ ๐ฎ๐ท ๐บ๐ธ
Geopolitical tensions are peaking as the USS Abraham Lincoln enters the region. ๐ข Naturally, we are seeing a "Risk-Off" move across the board. $BTC has slid below $85,000 as traders move into cash and physical gold. ๐
But here is the twist: Inside Iran, Bitcoin is acting as a literal life-raft. ๐ With the rial in freefall, on-chain volume is surging. Historically, Bitcoin dumps on the "first shot" of war but recovers fast as a neutral global asset. ๐ Iโm watching the $84,000 support closely. If that holds, we could see a massive "haven" bounce. ๐
Short-term Outlook: Bearish ๐ป
Mid-term Outlook: Bullish ๐
BTC
82,451.01
-6.89%