Bitcoin Price Action Remains Volatile Amid Geopolitical Tensions

Bitcoin's price movement has been characterized by high reactivity to geopolitical developments, with recent tensions between the US and Iran causing a downturn in the market.

The cryptocurrency had attempted to hold above the $75,000 level but faced pressure due to concerns over rising oil prices and broader market uncertainty.

Technically, Bitcoin is struggling near its 21-week resistance level, with no clear breakout yet. Volatility has increased significantly, with nearly $260 million in liquidations over the past 24 hours, primarily affecting long positions.