Bitcoin Price Rebounds After Iran’s Attacks on Israel

84 views 12:48 pm 0 Comments May 20, 2024

Israel has reported that it has successfully neutralized 99% of the 300 identified threats targeting its territory.

Meanwhile, Iran’s military has announced the conclusion of Tehran’s operation without any additional actions.

In response to Iran’s strike, U.S. President Joe Biden has criticized the attack, describing it as “unprecedented,” and has urged for a unified diplomatic approach with G7 nations.

The recent conflicts between Iran and Israel have intensified, especially since the commencement of the Gaza war in October.

Tensions have escalated with mutual accusations, including Iran alleging an Israeli assault on its consulate in Damascus on April 1.

Given the potential for further escalation and instability in the region, investors are closely monitoring the developments in this area.

Currently, Bitcoin is trading below the immediate support level of around \(64,500, with the next support level positioned near \)60,000.