{"content":"⚠️ Bitcoin Forms Bearish Pattern as Israel-Iran Tensions Escalate The current increase in Israel-Iran hostilities has sparked worldwide market fear, making investors more cautious. While Bitcoin's technical chart shows contradictory indications, it might breakout in any way. After failing to recoup $110,000 earlier this week, the price has fallen below the 21-day moving average but remains above support at the 50-day. Bitcoin is tightening into a descending triangle pattern due to moving averages and trendline resistance. Declining Triangle With Tightening Range And Bearish Pressure Bitcoin's daily candlestick chart shows a falling triangle, according to X's crypto expert. Interestingly, technical analysis principles link descending triangle patterns to bearish breakdowns. The graphic shows Bitcoin repeatedly rejecting a downward-sloping trendline that started when Bitcoin achieved a new all-time high of $111,814 on May 22. This week's lower high near $110,000 was the second rejection. A support zone around $102,000 has maintained the triangular base. The expert highlighted that the 21-day moving average (21MA), displayed in blue, is functioning as resistance, while the 50MA, in green, is providing temporary support. Price action is narrowing inside this triangular move, indicating a significant move in either direction. Breaking above resistance or falling through support will likely determine the next big trend. The breakout will lean negative if the descending triangle pattern continues with lower highs and stable support. Rising tensions between Israel and Iran might push Bitcoin out of its current range. News of an Israeli attack on Iran sparked crypto market liquidations on Friday. Bitcoin trades erratically under global upheaval. From here, the dominant cryptocurrency has two options. It might be sold for liquidity or as a refuge. Bitcoin might drop below $102,000 in the following trading sessions if conventional market panic grows, confirming the descending triangle's negative connotations. #IsraelIranConflict #BTC110KSoon? $BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/15/35e3701234a245d9b2cb12bfa40a060c.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}