Bitcoin Pulls Back, But a Rebound Can’t be Ruled Out

Bitcoin Pulls Back, But a Rebound Can’t be Ruled Out

From dailyforex.com

Bitcoin and other risky assets retreated sharply in the overnight session amid rising geopolitical risks in the Middle East. The BTC/USD currency pair dropped to the important support level at 61,000, its lowest point since September 18 and 8.25% below its highest point last week. Geopolitical risks The BTC/USD pair retreated as the US dollar index (DXY) rebounded following Iran’s decision to launch hundreds of ballistic missiles to Israel in response to the killing of the head of the Hezbollah. The missile attacks came a day after Israel launched a limited ground offensive in Lebanon, where it is fighting with ... (full story)

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