#IsraelIranConflict
#MarketPullback
Market Wrap: Can Bitcoin Price Survive A 12% Crash After Israel Strike On Iran Rattles Markets
Bitcoin price dropped 3% to $105,049 after Israel’s strike on Iran rattled markets.
Bitcoin risks a 12% slide if it breaks below the $102,000 neckline of a double top pattern.
RSI is trending down while MACD signals a bearish crossover that could send BTC to $94,000 short term.
$BTC Bitcoin price has dropped 3% in the last 24 hours to trade at $105,049 on a 47% surge in trading volume to $50.9 billion.
The price drop escalated conflict in the Middle East after Israel launched an attack on Iran. The total crypto market cap dropped 6.1% as the top 10 assets saw close to double-digit percentage losses. Nasdaq futures fell 1.33%, S&P futures dumped 1.24%, and the markets remain spooked as people are now expecting Iran to retaliate.