Bitcoin Shrugs Off Iran as Wall Street Return Sparks $70,000 Run

Bitcoin (BTC) climbed towards $70,000 as the US trading session began, hitting $69,788, seemingly unswayed by ongoing Middle East conflict. This rally was largely attributed to the release of the Institute for Supply Management (ISM) Purchasing Managers Index (PMI) report, which showed US industry returning to growth, confirming an expansion after three years of contraction. While bulls celebrated the move past $69,000, some analysts urged caution, noting technical indicators like RSI and MACD suggested a potential move lower, drawing comparisons to the 2022 bear market. Material Indicators pointed out that reclaiming $69,000 was a key hurdle, with the next target around $71,300, but warned that geopolitical chaos and tariff uncertainty could invalidate positive signals.

(Source：Cointelegraph)