Bitcoin trades sideways near $69K as geopolitical tensions cap momentum
Bitcoin is trading near $69,000, unable to sustain a breakout above $72,000, reflecting broader uncertainty due to geopolitical tensions in the Middle East. The price dropped over 2% in the latest session, moving within a well-defined consolidation range of $65,000 to $75,000 that has held for weeks. Recent rejections near $72,000 reinforce resistance, while support around $65,000–$66,000 remains intact. Geopolitical tensions are weighing on risk appetite, with Bitcoin behaving more as a risk-sensitive asset than a safe haven. A break below $65,000 could signal further downside, while a sustained move above $72,000–$75,000 may open the door for recovery. The market remains in a wait-and-see mode, driven by external macro factors rather than crypto-specific catalysts.
ambcrypto03/24 20:26