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Geopolitical tensions between Israel and Iran have led to a global de-risking trend, impacting Bitcoin’s price. Despite a recent dip, technical indicators suggest BTC could still reach new all-time highs. Analysts highlight bullish patterns like the ABCD formation and Hash Ribbons signaling potential rallies.
- Bitcoin's price is influenced by geopolitical tensions, with BTC down 1.7% amid Israel-Iran conflict.
- Technical analysts identify bullish patterns like ABCD, cup-and-handle, and Hash Ribbons signaling potential rallies.
- On-chain data shows long-term holders exiting while retail investors enter, a trend typical in late bull cycles.
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