Community Articles

via BeInCrypto · By Ananda Banerjee

Why Trump’s Iran Pledge Lifts Bitcoin Price First, the World Later

BTC

BTC/USDT

$63,828.00

+0.78%

$63,828.00

+0.78%

(24s)

24h Volume

$17,716,601,746.35

24h H/L

$64,394.44 / $62,829.81

Change: $1,564.63 (2.49%)

Long/Short

61.9%

Long: 61.9%Short: 38.1%

Funding Rate

+0.0006%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,877.99

▲ 0.40%

Volume (24h): -

Resistance Levels

Resistance 3$70,964.83

Resistance 2$68,220.73

Resistance 1$64,650.15

Price$63,877.99

Support 1$62,958.46

Support 2$61,056.47

Support 3$59,130.91

Pivot (PP):$63,700.75

Trend:Downtrend

RSI (14):34.1

Ananda Banerjee

(07:02 AM UTC)

1 min read

Reviewed byJames Mitchell

1076 views

0 comments

Bitcoin price sits at $77,808 inside a falling channel that has held since May 6, with a short squeeze quietly building above current price and long-term holders accumulating underneath.

Donald Trump’s May 20 pledge to end the Iran war quickly has already started a small short liquidation cascade in crypto. The mechanics favor Bitcoin moving first, with the broader world catching up later…

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Source

Ananda Banerjee · BeInCrypto

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