Bitcoin Struggles as Selling Pressure Mounts Amid Geopolitical Turmoil

Bitcoin is under renewed pressure following Friday’s Israeli airstrike on Iran, which has deepened market anxiety and driven investors toward safer assets.

The leading cryptocurrency has dropped roughly 2.5% in the past day, with technical signals suggesting further downside risk.

Over the last 24 hours, BTC has shed nearly 5%, trading around $105,000 as the flight from risk accelerates. Spot market activity reflects this shift, with increased outflows indicating reduced confidence among both retail and institutional traders.

On the technical side, Bitcoin’s Relative Strength Index has slipped below the neutral 50 mark, now sitting at 48.85. This signals declining buyer interest and growing downside momentum.

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The RSI is a key tool used to assess whether an asset is overbought or oversold. Values above 70 typically point to overheating, while those under 30 suggest undervaluation. With BTC’s current reading falling and trending lower, bearish sentiment appears to be gaining strength.

Meanwhile, the MACD setup offers a similar picture. Bitcoin’s MACD line has crossed below the signal line, confirming a bearish crossover and reinforcing the expectation of continued price weakness.

Currently, BTC is trading at $105,304, logging its third straight daily loss. Should sellers maintain control, the coin may test key support around $103,061. A break below this level could open the door to further declines, possibly toward $101,610.

Still, if market conditions shift and buying activity returns, Bitcoin could attempt a recovery and move toward resistance near $106,548.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.