Bitcoin Forms Bearish Pattern Amid Rising Israel-Iran Tensions

Geopolitical instability is shaking markets again — and Bitcoin isn't immune.

📉 Price Action Overview: • $BTC failed to reclaim $110K

• Rejected at descending trendline from the $111,814 ATH

• Trading below the 21-day MA (blue)

• Holding temporary support at the 50-day MA (green)

🔻 Key Pattern:

A descending triangle is forming — historically linked to bearish breakdowns.

• Resistance: Downtrend line (lower highs)

• Support: $102,000 horizontal base

📊 With tightening range + bearish pressure, Bitcoin is primed for a volatile move.

A break below $102K could signal a deeper pullback.

A surprise bounce above resistance may flip sentiment — but the bias leans bearish.

🌍 Meanwhile, rising Israel-Iran conflict adds fuel to the fire:

→ Investors are cautious

→ Markets are erratic

→ BTC trades could swing as a risk asset or a refuge asset

🧭 From here, watch for confirmation.

This triangle won't stay tight for long.

#BTC #CryptoMarket #Geopolitics #IsraelIranConflict #BTC110KSoon?