Bitcoin Dips Below $77k Amid US-Iran Tensions
US-Iran tensions have pushed Bitcoin prices below $77,000 on Wednesday, extending losses amid renewed risk-off sentiment.
The US Central Command (CENTCOM) carried out fresh strikes against Iran's Islamic Revolutionary Guard Corps (IRGC) targets early on Wednesday, as reported by FXStreet. The West Texas Intermediate (WTI) price rose to $91.00 at press time.
Bitcoin is trading at $76,799, holding above the 50-, 100-, and 200-day Exponential Moving Averages (EMAs), which are clustered between roughly $69,221 and $72,397. The recent pullback in the Relative Strength Index (RSI) from overbought readings to about 63 on the daily chart suggests cooling upside momentum.
Immediate support appears at the 50% retracement measured from $97,924 to $57,800 near $75,233, followed by the 200-day EMA at about $72,397. On the topside, initial resistance aligns with the 78.6% retracement near $87,476.
Filecoin (FIL) regained bullish momentum, trading at $0.78 on Wednesday and holding steady after a 14% rise the previous day. FIL holds above the 50-day EMA at $0.73 and tests the 100-day EMA breakout near $0.77.
Uniswap (UNI) extended its rally toward $6, maintaining a bullish near-term bias with five consecutive days of gains. UNI holds well above the 50-, 100-, and 200-day EMAs, which are clustered between roughly $3.80 and $4.10.