Bitcoin foreshadows fresh market mayhem as it appears that the US-Iran war has returned, including the closure of the Strait of Hormuz oil route.
Bitcoin (BTC) sought to protect $75,000 into Sunday’s weekly close as crypto surfed fresh uncertainty over the US-Iran war.
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Bitcoin price action sinks from ten-week highs amid fears that the US-Iran war has returned in full force.
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Iran closes the Strait of Hormuz, bringing back the risk of an oil-price surge.
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BTC price action faces ongoing resistance at a 21-week trend line into the weekly close.
Bitcoin abandons highs as US-Iran war fears return
Data from TradingView showed BTC price pressure reentering after a trip to ten-week highs of $78,400 on Friday.
Mixed signals from US…
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Source cointelegraph.com
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