Bitcoin Struggles Amid Middle East Tensions, Legal Clarity Boosts Sentiment

Bitcoin (BTCUSD)

Fundamental Analysis

Bitcoin remains under pressure as global markets grow wary of escalating Middle East tensions. While investors shift to defensive assets, BTC has yet to show a clear safe-haven response.

On the policy front, the SEC reinforced its stance by confirming that PoS staking isn’t classified as a securities offering—providing greater legal clarity for U.S. crypto markets. Meanwhile, large fund outflows from exchanges and continued accumulation by whale wallets indicate that long-term investor sentiment remains intact.

Technical Analysis

BTC is currently trading within a narrow range around $104,000 – $106,000.

Overall Trend: Weak sideways movement, showing signs of exhaustion after the earlier rally from the Bullish Order Block (Bull OB) zone.

Volume: Spiked in early June during the breakout from Bull OB, but has since declined — indicating fading buying momentum and a shift back toward seller dominance.

 

 

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