📉 Bitcoin Trapped in Bearish Pattern as Geopolitical Tensions Explode

Israel–Iran conflict fuels market panic. $BTC faces a critical technical setup.

The escalating conflict between Israel and Iran has reignited global fear, shaking markets — and Bitcoin is feeling the pressure. 📉

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🔍 The Technical Setup: Descending Triangle Taking Shape

Bitcoin’s chart is showing a classic descending triangle — a pattern historically linked to bearish breakdowns.

Here’s the current structure:

❌ Rejected twice below $110,000 after hitting an ATH of $111,814 (May 22)

📉 Now sitting below the 21-day MA (resistance), but above the 50-day MA (support)

📐 Triangle base holds steady around $102,000

📊 Price is tightening rapidly, signaling a volatile move ahead

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🧠 Key Analyst Note

One crypto expert on X flagged the triangle, warning:

> "If Bitcoin breaks below $102K, it confirms the bearish triangle — and more pain could follow."

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⚔️ Geopolitics in Play

Friday’s news of a possible Israeli strike on Iran led to mass liquidations across crypto. In times of war or panic, Bitcoin may act as:

🧊 A risk asset, dumped for liquidity, or

🔐 A safe haven, if fear drives a flight to digital stores of value

Which narrative wins? We’re on the edge.

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📉 Bottom Line:

Bitcoin’s stuck between war and technical pressure.

Breakout incoming — but odds are tilted bearish unless buyers reclaim $110K fast.

📍Watch the $102K zone. That’s the line between range-bound and free-fall.

#BTC #CryptoNews #IsraelIranConflict #IsraelIranWar #MarketAlert