Either something is happening or BTC It made today’s rise to trap the bulls once again. Today’s rise occurred with only 2 15-minute candles, and BTC recently erased gains with a single 15-minute candle.
Why Is Bitcoin Falling?
First of all, we have mentioned many times that the threshold required to talk about a return is 72 thousand dollars. The minimum support point that needs to be protected is at 69 thousand dollars. Well BTC price It does not mean much if it climbs to around 70 thousand dollars and stalls, and with a permanent break of one of the 72 or 60 thousand levels, either the direction will be confirmed or we will see a return from the bottom.
BTC At the time of writing, it lost 69 thousand dollars of support. US Secretary of State Rubio said:
“I believe Trump’s advisors Witkoff and Kushner are traveling right now for important talks regarding Iran.”
If there are important meetings, this will have important consequences and this means risk. The latest decline in Bitcoin price may be linked to the developments in Iran that we are likely to hear about in the coming hours. Or Bitcoin once again repeated one of the moves it has been making for over 3 months to trap the bulls after the last major short liquidation.
