
Jakarta, Pintu News â As tensions between the US and Iran escalate-triggered by missile strikes and widening geopolitical repercussions-the reaction of global markets may come as a surprise.
Despite many alarming headlines, stock indices such as the S&P and NASDAQ have actually risen, oil prices have declined, and sentiment towards crypto shows no signs of collapse. Furthermore, President Trumpâs peaceful X posts helped to calm the chaos.
In situations like these, crypto analyst VirtualBacon provides a refreshing point of view: âThis is not the time to sell out of fear, but rather the time to buy with conviction.â
Quite interesting, isnât it? Letâs look at the full analysis further.
The analyst highlighted that Bitcoin is still structurally bullish as long as its price stays above $85,000, supported by the 50-week SMA (50-week Simple Moving Average).
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According to him, the ideal entry point is in the range of $94,000 to $95,000, which is in line with the 20-week SMA. In his view, the current market weakness is an opportunity, not a threat. A double-top pattern could potentially form, and if the neckline is breached, this could be the long-awaited entry moment.
Itâs worth noting that on-chain metrics show neutral sentiment, with the Fear & Greed Index coming in at 47-indicating uncertainty, not panic.
With BTC âs dominance at 64.5%, the major crypto asset still leads the overall market.
Ethereum recently touched the $2,100 level, right where the 0.236 Fibonacci retracement line is located. With the ETH/BTC pair remaining firmly above 0.018, Ethereum is still in a long-termmacro uptrend.
Analysts suggest that this is the ideal price range to startscaling in, especially if BTC prices remain above $90,000.
Meanwhile, Solana showed slight weakness, but the $110-$120 zone is widely considered avalue area. The analyst noted that the failed inverse head & shoulders pattern has not invalidated the potential for gains, unless the SOL/BTC pair experiences a sharp decline.
On the other hand, XRP is approaching its ideal entry zone in the range of $1.74-$1.80. However, caution is still needed as traders are still waiting for confirmation of the potential upside move of up to 3 times.
VirtualBacon highlights that Bittensor (TAO), a leader in the AI sector, is showing strong resilience. If BTC drops to $95,000, TAO may offer an entry opportunity at $200 with a stop-loss at $175.
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Meanwhile, meme coin Pepe coin is retesting its neckline at $0.009 after maintaining 15 months of support at $0.005.
With a clean price structure and growing volumes, PEPE remains a top choice among high-risk traders.
Thatâs the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
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*Disclaimer
This content aims to enrich readersâ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an assetâs past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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