- The Bitcoin price extends its short-term recovery momentum amid the formation of inverted flag patterns.
- Donald Trump announced a halt in the planned military strike on Tehran via a Truth Social update.
- Crypto fear and greed index at 33% indicate the broader trend remains under bear’s influence.
The pioneer cryptocurrency Bitcoin shows notable volatility during Tuesday’s market hours to trade at $75,568. The daily candle shows price rejection on either side indicating an uncertain market sentiment amid escalating geopolitical tension in the middle east. In addition, the on-chain data shows short-term holders have not yet reached capitulation, which historically acted as a reliable signal for Bitcoin price bottom. Will BTC lose $70,000 again?
BTC Volatility Rises as Trump Delays Iran Strike
In the last 24-hours, the Bitcoin BTC0.27% experienced notable volatility as its price fluctuated between $74,814 to $76,944 and...
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