Even amid the ongoing US-Iranian conflict, Bitcoin has outpaced a number of traditional asset classes.
around 30% since the Middle East conflict erupted in late February, beating both gold and the S&P 500 gains during this period.
At press time, BTC trades at $80,950.77 with 0.24% increase in the last 24 hours. The asset maintains a mild bearish bias as the 200-day Exponential Moving Average (EMA) caps short-term recovery near $81,900.
The Relative Strength Index (RSI) at 62 on the daily chart indicates that bullish momentum persists, but the Moving Average Convergence Divergence (MACD) risks crossing below its signal line, suggesting rising selling pressure.
Immediate resistance is around $81,900. A sustained close above this level could open the door toward $90,000.
On the downside, demand is expected to emerge at 100-day and 50-day EMAs, now acting as support around $76,600 and $76,000, respectively.