@eringshadow41
Recent geopolitical tensions, such as the escalating India-Pakistan conflict in Kashmir, have spotlighted Bitcoin’s potential as a safe-haven asset. Unlike gold, which surged 1.2% during the “Sindur” military action, Bitcoin’s response has been volatile, reflecting mixed investor sentiment. While some view BTC as a hedge against instability due to its decentralized nature, others see it as a risk-on asset, with prices dropping below $60,000 in October 2024 amid Middle East tensions. Short-term, BTC faces resistance at $99,449 and support at $94,381. Given bullish technicals (RSI 64.03, 12 buy signals), BTC could rally to $103,491 in the next month if tensions drive safe-haven demand, but a dip to $94,381 is possible if risk-off sentiment prevails.
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