Bitcoin: Hormuz Closure Triggers Dip but Holds $64000

Bitcoin price reacted instantly to the Strait of Hormuz closure with an immediate selloff yet stabilized near $64009, signaling resilience rather than panic.

Historical BTC price reaction to Strait of Hormuz geopolitical shocks shows limited long-term damage when oil supply concerns spike, and current data aligns with that pattern instead of a full crypto market crash.

Price trades inside the Bollinger Bands with upper resistance at $64832.23 while the 50-EMA at $63193.93 and 200-EMA at $63927.85 form layered support beneath a neutral RSI of 55.16; the MACD death cross at 299.21 suggests short-term caution, yet the overall bullish EMA alignment favors continuation toward the next BTC price prediction target above $65000 within two weeks.