PANews
PANews|Jul 13, 2026 16:06
[Analysis: U.S.-Iran Tensions Ignite Risk-Off Sentiment, Bitcoin Under Pressure Near $62,000] Impacted by the escalating tensions between the U.S. and Iran, Bitcoin remains under pressure, with its price briefly approaching $62,000. Risk assets as a whole are facing selling pressure. Data shows that BTC/USD continues to decline, and JDK Analysis notes that Bitcoin's current price trend is 'very weak,' with significant short positions betting on further declines. The $60,000 level may once again become a focal point for the market. However, if new spot buying emerges and key support levels are maintained, a large number of short positions could face a short squeeze. Some traders remain bullish, with trader Roman suggesting that multiple technical indicators, such as the current RSI and trading volume, indicate a potential exhaustion of downward momentum. Bitcoin may still have a chance to rebound to the $70,000 to $75,000 range in the future.
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