Bitcoin fights in the face of increasing sales pressure in the middle of geopolitical turbulence

After the Israeli air raid on Iran, Bitcoin is under pressure again on Friday, which increases market uncertainty and drove investors into securities.

The leading cryptocurrency has fallen by around 2.5% in the last 24 hours, whereby technical signals indicate a further downward risk.

BTC has lost almost 5% in the last 24 hours and is traded at around $ 105,000 in view of the increasing risk aversion. The activities on the Spotmarkt reflect this development, with increased drainage to less trust in both private and institutional dealers.

From a technical point of view, Bitcoin's relative strength index fell below the neutral brand of 50 and is now 48.85. This signals a declining buyer interest and increasing downward dynamics.

The RSI is an important instrument for assessing whether an asset is overbought or oversized. Values over 70 usually indicate overheating, while values under 30 indicate an undervaluation. In view of the current decline and the downward trend of the BTC, the pessimistic mood seems to be reinforced.

Meanwhile, the MACD offers a similar picture. The Bitcoin MACD line has crossed the signal line downwards, which confirms a bearish crossover and reinforces the expectation of a persistent price weakness.

BTC is currently being traded at $ 105,000 and thus records the third day of the day in a row. If the sellers keep control, the coin could test the important support at $ 103,061. A

Breaking this level could pave the way for further declines up to possibly $ 101,610. However, if the market conditions change and the purchase activities return, Bitcoin could try a recovery and move towards resistance at $ 106.548.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.