BTC Recovered to 68K After Iran Attacks

BTC Price Fluctuated with Geopolitical Shock

Bitcoin (BTC) prices recovered following airstrikes by the US and Israel on Iran and news of the death of Iran’s Supreme Leader Ayatollah Khamenei. BTC, which fell to 63.000 dollars on Saturday, rose to 68.200 dollars on Coinbase Sunday morning and returned to Friday’s level of 67.350 dollars with a 5.000 dollar increase in 24 hours. It is currently trading at the 67.385 dollar level (+2.82% 24h change). The price is moving within a three-week horizontal channel. According to CoinGlass data, 157.000 traders were liquidated in the last 24 hours, the total liquidation amount reached 657 million dollars, and it was evenly distributed between long/short positions.

Source: Ash Crypto

Losses in Iran and BTC’s Historical Performance

Iran’s Supreme National Security Council announced that Khamenei was killed in his office on Saturday morning. In the attacks, Revolutionary Guards Commander Mohammad Pakpour and Defense Council Secretary Ali Shamkhani also lost their lives. Despite this, BTC closed its third-worst February in history with a 15% drop; the worst was the 31% loss in 2014. Down 23% year-to-date, it is heading toward the worst first quarter since 2018. As geopolitical tensions shake the market, BTC is preparing for a resistance test. For detailed analysis.

BTC Technical Outlook and Levels

RSI at 42.52 in the neutral zone, overall trend downward (Supertrend Bearish). EMA 20: 68.569 dollars. Futures volatile:

• Supports: S1 67.276 (Strong, 68% score), S2 62.970
• Resistances: R1 67.358 (Strong, 66% score), R2 78.962

In the short term, S1 is critical; if broken, S2 may be tested. BTC spot analysis recommended.