#CryptoTrading.

$BTC Price Analysis: Descending Triangle Signals Potential Breakout Amid Israel-Iran Tensions

$BTC is currently trading at ~$105,000, forming a descending triangle pattern on the daily chart. This pattern, characterized by lower highs and steady support around $102,000, often hints at a bearish breakdown. The 21-day moving average is acting as resistance, while the 50-day moving average provides temporary support.

Geopolitical tensions between Israel and Iran are adding pressure, with Friday’s market liquidations following reports of an Israeli airstrike. Bitcoin could either break below $102,000, confirming a bearish move, or surge above the trendline resistance, targeting the $110,800 all-time high.

Will $BTC hold as a safe haven, or face a sell-off for liquidity? The next move could set the trend.