#bitcoin Faces Critical Support Test as Middle East Tensions Trigger Risk-Off Sentiment
Bitcoin (BTC) is currently trading above $103,000, marking a decline of over 3% in the past 24 hours as escalating Middle East tensions
🪷Bitcoin is currently trading above $103,000, experiencing a decline of over 3% in the past 24 hours due to escalating Middle East tensions.
🪷The recent Israeli airstrikes have triggered a selloff in risk assets, causing Bitcoin to drop from a high of $108,500.
🪷Technical analysis indicates potential downside risks for Bitcoin, with critical support levels around $102,000-$103,000 and a bearish fractal pattern emerging.
🪷Despite short-term volatility, institutional experts maintain a constructive outlook on Bitcoin's long-term value proposition.