Bitcoin Defies Geopolitical Chaos Amid US-Iran Tensions

Bitcoin has maintained its price steady at $78,735.09 amidst US strikes on Iran, which have sent shockwaves through global markets and lifted oil prices.

The recent geopolitical tensions have repeatedly tested the resilience of cryptocurrencies without triggering a full-scale market crash, according to observers.

From a technical perspective, Bitcoin's price is currently trading within its Bollinger Bands, with an upper resistance level at $79,506.38 and a lower support level at $76,987.5.

The MACD (Moving Average Convergence Divergence) indicator shows a golden cross at 15.54, which maintains the bullish structure above the EMA50 at $77,415.55 and the EMA200 at $71,052.96.

Meanwhile, the Relative Strength Index (RSI) is currently at 54.34, leaving room for potential price continuation.