Bitcoin Rejects $83K Amid Iran Tensions
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Bitcoin's attempt to reclaim the $83,000 level was thwarted as escalating US-Iran tensions weighed on market sentiment. The geopolitical risk triggered a risk-off move, with BTC retreating from intraday highs. The rejection confirms resistance near $83K, while support at $80K is being tested. Analysts warn that further escalation could drive BTC toward the $78K zone. However, a diplomatic resolution could spark a swift recovery, as underlying demand remains robust. Traders should monitor headlines closely, as volatility is expected to persist in the near term.
Read full article on CoinTelegraph
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