{"id":866230,"date":"2025-08-18T23:13:53","date_gmt":"2025-08-19T04:13:53","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/18\/bitcoin-price-forms-descending-triangle-pattern-amid-israel-iran-tensions\/"},"modified":"2025-08-18T23:13:53","modified_gmt":"2025-08-19T04:13:53","slug":"bitcoin-price-forms-descending-triangle-pattern-amid-israel-iran-tensions","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/18\/bitcoin-price-forms-descending-triangle-pattern-amid-israel-iran-tensions\/","title":{"rendered":"Bitcoin Price Forms Descending Triangle Pattern Amid Israel-Iran Tensions"},"content":{"rendered":"

Bitcoins <\/p>\n

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The recent escalation in tensions between Israel and Iran has<\/span> added a new wave of anxiety<\/span><\/a> in the global markets, causing investors to adopt a more cautious stance towards investing. At the same time, Bitcoin\u2019s technical chart is sending mixed signals that could lead to a breakout in either direction.\u00a0<\/span><\/p>\n

After a failed attempt to reclaim $110,000 earlier this week, the price has <\/span>now slipped below the <\/span><\/a>21-day moving average, but still above support at the 50-day moving average. This confluence of moving averages, coupled with a clearly defined trendline resistance, has brought Bitcoin into a tightening price structure of a descending triangle pattern.<\/span><\/p>\n

Bitcoins Descending Triangle With Tightening Range And Bearish Pressure<\/b><\/h2>\n

According to a crypto analyst on X, Bitcoin <\/span>is forming a descending triangle pattern<\/span><\/a> on the daily candlestick timeframe chart. Interestingly, technical analysis rules state that the descending triangle pattern setup is typically associated with bearish breakdowns. The chart image accompanying the post shows repeated rejection from a downward-sloping trendline that began when Bitcoin reached a new all-time high of $111,814 on May 22. The second rejection was a lower high around $110,000 earlier this week. On the other hand, the base of the triangle has remained constant with a support zone around $102,000.\u00a0<\/span><\/p>\n

The analyst noted that the 21-day moving average (21MA), shown in blue, is exerting downward pressure, acting as resistance, while the 50-day moving average (50MA), in green, is acting as a temporary support floor. As price action continues to narrow within this triangle move, the market is on the projection for a decisive move in any direction.\u00a0<\/span><\/p>\n

BTC is now trading at $105,035. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Whether it breaks above the resistance or falls through the support will likely dictate the next major trend. However, if the descending triangle pattern continues to play out with lower highs and steady support, the breakout will lean more towards a downside breakout.<\/span><\/p>\n

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Bitcoins Israel-Iran Tensions May Push Breakout Or Breakdown<\/b><\/h2>\n

The <\/span>ongoing tensions between Israel and Iran could<\/span><\/a> be the spark that forces Bitcoin out of its current range. Notably, a wave of liquidations hit the crypto market on Friday as reports of an Israeli airstrike on Iran made the news.\u00a0<\/span><\/p>\n

During periods of geopolitical instability like this, Bitcoin often trades in unpredictable ways. There are<\/span> two possible outcomes <\/span><\/a>for the leading cryptocurrency from here. It could act as a haven, or it could be sold off for liquidity. If the fear in traditional markets continues to increase, <\/span>Bitcoin could break below<\/span><\/a> the $102,000 support in the coming trading sessions, confirming the descending triangle\u2019s bearish implications.\u00a0<\/span><\/p>\n

However, if bullish momentum returns, a break above the descending trendline could invalidate the bearish pattern and open the door for a retest of the $110,800 all-time high region. At the time of writing, Bitcoin is trading at $104,990.<\/span><\/p>\n

Featured image from Shutterstock, chart from TradingView<\/em><\/p>\n<\/p><\/div>\n

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Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.<\/p>\n

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Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.<\/p>\n

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.<\/p>\n

Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.<\/p>\n

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
\nIn his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.<\/p>\n

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.<\/p>\n

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

Disclaimer:<\/strong> The information found on NewsBTC is for educational purposes
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Scott Matherson Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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