Bitcoin price ignores $168M Strategy buy, and falls as Iran tensions escalate

💡 DMK Insight

BTC slipping below $70,000 is a wake-up call for traders: geopolitical tensions and risk-off sentiment are driving volatility. The recent drop to $67,562 signals a critical shift, especially as long positions were liquidated amid fears surrounding US-Iran relations. This isn’t just about BTC; broader market dynamics are at play. Traders should keep an eye on how this geopolitical tension unfolds, as it could lead to further sell-offs in risk assets, including equities and altcoins. If BTC can’t reclaim that $70,000 level soon, we might see a test of support around $65,000. Here’s the thing: while many are quick to panic, this could also present a buying opportunity for those with a longer-term view. If BTC stabilizes and shows resilience, it could attract new buyers looking for value. Watch for volume spikes and sentiment shifts in the coming days, as they could signal a potential reversal or further downside pressure.