☘️ BTC Price: Spinning in the midst of political storms and oil waves
Price Volatility:
BTC last week plummeted to nearly $103k amidst escalating tensions in the Middle East. After this drop, the price recovered around $105k – the current level.
What does the technical analysis show?
Hash Ribbon gives a buy signal, BTC is likely to continue climbing to the strong resistance zone of $112k – $119k if oil prices keep rising.
Support – resistance to watch out for:
• Important support: ~$100k – strong buying pressure is needed to hold.
• Resistance: $112k (peak mid-May), further up is $119k if oil prices continue to rise.
☘️ Macroeconomics & news: Strong winds blow BTC
The Middle East is tense like a guitar string:
Israel – Iran are fighting, capital is fleeing from risky assets. Gold rises, BTC is sold off heavily.
Weak USD:
USD has lost nearly 9% since the beginning of the year, BTC along with gold and stocks benefit, attracting more capital.
Regulations & organizations:
• The US Congress accelerates the GENIUS, CLARITY bills – increasing transparency for stablecoins.
• Amazon, Walmart, JPMorgan… quietly researching stablecoins – a positive long-term signal.
☘️ Next week: Up or down?
• If political tensions spread (for example, if the Strait of Hormuz has issues), BTC may easily drop to $100k – $103k.
• If the situation calms down + oil prices rise, BTC has a chance to break $112k – $119k.
• USD, gold, oil: closely monitor as they will lead the flow of capital.
🍀 Summary
BTC this week was weighed down by the Middle East conflict, but still held around $105k thanks to a weak USD and institutional capital maintaining the pace. Next week, the price depends on geopolitics and oil: if things worsen, it may test $100k, if more stable, it could rebound to $112k not far away.
Note: This is just an analytical perspective, not investment advice
