FX.co ★ #Bitcoin chart analysis

Technical and Fundamental Analysis of Bitcoin The latest decline came as investor sentiment weakened across global markets following renewed military tensions between the United States and Iran. Growing geopolitical uncertainty pushed traders toward defensive positioning, reducing appetite for high-risk assets such as cryptocurrencies. Although Bitcoin has entered a short-term corrective phase, the broader technical structure still reflects underlying bullish strength, with buyers continuing to defend major support zones across higher timeframes. Market volatility has increased noticeably, but current price action still resembles consolidation within a broader uptrend rather than the beginning of a long-term bearish reversal. On the H4 timeframe, Bitcoin continues trading within a healthy bullish structure despite recent downside pressure. One of the most significant demand zones is located between 78,500 and 79,200, where buyers have repeatedly entered the market during recent pullbacks. This area has developed into a strong accumulation region supported by higher lows, elevated trading activity, and consistent volume absorption. The 50-period Simple Moving Average also aligns closely with this support zone, strengthening its importance as a technical floor for the current trend. Momentum indicators on the higher timeframe continue to favor buyers, although bullish pressure has started moderating compared to earlier sessions. The 20-period SMA on the H4 chart remains above the 50-period SMA, confirming that the medium-term trend structure is still positive. Price action holding above both moving averages reflects sustained bullish momentum and reinforces the idea that recent weakness may simply represent a temporary retracement within the broader upward cycle. However, failure to maintain support above the 78,500 region could expose Bitcoin to a deeper correction toward lower liquidity zones around 77,200 and potentially 76,500 if bearish pressure accelerates significantly. For now, the overall structure remains technically constructive. Short-term price behavior on the H1 timeframe reveals a market currently trapped within a consolidation range as traders await a stronger catalyst for the next directional move. Immediate support is positioned around 79,700–80,000, where intraday buyers continue attempting to stabilize price action during minor dips. Beneath that region, a stronger support shelf appears between 79,200 and 79,500, creating layered downside protection for the bullish structure. These levels have repeatedly attracted buying pressure during recent corrections, making them important short-term zones to monitor. If sellers manage to break below these supports with strong momentum, Bitcoin could quickly retest the broader 78,000–78,500 demand cluster. On the upside, resistance continues forming around the 80,800–81,500 region, where previous recovery attempts faced aggressive selling pressure and profit-taking activity. This area has become a key short-term supply zone limiting bullish continuation. A successful breakout above 81,500 would significantly strengthen bullish sentiment and potentially trigger a rapid move toward the next resistance targets near 82,500 and 83,000. Beyond those levels, Bitcoin could resume its broader rally and attempt another push toward fresh cycle highs. The Relative Strength Index remains near the 60 level, indicating that buying momentum still dominates the market without reaching extreme overbought conditions. This leaves room for another upside expansion if buyers regain confidence near support zones. Renewed conflict between the US and Iran intensified after reports confirmed military strikes targeting Iranian-linked facilities following attacks near the Strait of Hormuz. The escalation increased uncertainty across financial markets and pushed oil prices higher, contributing to a weaker appetite for speculative assets. As a result, the cryptocurrency sector experienced elevated volatility alongside equities and other risk-sensitive markets. CoinMarketCap’s Fear and Greed Index also moved lower toward the fear zone, highlighting growing caution among traders and reflecting reduced short-term optimism in digital assets. Despite this pressure, selective strength remains visible across parts of the crypto market. Tokens such as ONDO, WLFI, and VIRTUAL emerged among the strongest performers over the past 24 hours, suggesting that speculative capital continues flowing into selected altcoins even as Bitcoin consolidates.