Bitcoin: Plunges $1700 on US Iran Proposal Rejection
Bitcoin drops $1700 in four hours to $76495.81 after US rejects Iran peace proposal, triggering $115M long liquidations amid bearish 4h technicals.
SourceAnalysis
Bitcoin plunged $1,700 in four hours to $76,495.81 after the US rejected the Iran peace proposal, wiping out $115M in long positions.
Price sits below both EMA50 at $79,011.02 and EMA200 at $77,369.86 in a clear bearish structure while MACD prints a death cross at -838.65; with the market testing the lower Bollinger Band near $76,324.92 and RSI at 30.97, a swift retest of upper-band resistance at $79,715.55 looks unlikely before further downside pressure builds. Traders watching BTC price prediction models now factor this geopolitical shock into crypto market crash scenarios that could accelerate liquidations if volume spikes.
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