Bitcoin price rebounds to $106K following dip triggered by Israel-Iran conflict.
Bitcoin edged higher on Monday, partially recovering from recent losses after heightened tensions between Israel and Iran briefly drove the cryptocurrency to a one-week low. The broader crypto market followed suit, rebounding alongside Bitcoin but staying confined within a recent trading range, as sentiment remained fragile. Risk appetite continued to be weighed down by the weekend’s intense exchange of strikes between Israel and Iran, with little indication of deescalation. In addition to geopolitical concerns, markets remained cautious ahead of the Federal Reserve’s policy decision due Wednesday, keeping traders largely risk-averse.
Moving Averages:
Exponential :
MA 10 :3734 | Positive Crossover | Bullish
MA 20 :2965 | Positive Crossover | Bullish
MA 50 :7259 | Positive Crossover | Bullish
Simple :
MA 10 :4280 | Negative Crossover | Bearish
MA 20 :0500 | Positive Crossover | Bullish
MA 50 :7106 | Positive Crossover | Bullish
RSI (Relative Strength Index) : 53.9690 | Buy Zone | Bullish
Stochastic Oscillator : 55.0469 | Buy Zone | Neutral
Resistance And Support Levels :
R1 :7139 R2 :114804.4561``
S1 :7861 S2 :91945.0439
Overall Sentiment : Bullish Market Direction : Buy
Trade Suggestion :Limit Buy : 105865 | Take Profit : 109236 | Stop Loss : 104132