WHY IS BITCOIN DOWN TODAY?

Bitcoin's price is slightly down today, trading around $105,034.76, with a 0.04% decrease in the last 24 hours. The current market situation can be attributed to several factors :

Geopolitical Tensions: Rising tensions between Israel and Iran are causing uncertainty in the market, leading to a risk-off sentiment.

Market Volatility: Bitcoin's price has been fluctuating, with a 24-hour trading range of $104,197.97 to $106,144.03.

Technical Indicators: The Relative Strength Index (RSI) is near 37, indicating Bitcoin is approaching oversold territory, which may attract dip buyers.

Despite the current downturn, Bitcoin has shown resilience, with :

Short-Term Performance: A 0.16% decrease in the past week and a 2.9% increase in the last 30 days.

Long-Term Potential: A 22.9% increase in 60 days and a 26.26% increase in 90 days.

The US-China trade deal's impact on Bitcoin's price is not immediately clear, but geopolitical tensions and market sentiment seem to be driving the current market dynamics#MarketRebound #IsraelIranConflict #SaylorBTCPurchase #BTC $BTC