Bitcoin fell below $70,000 as global markets dropped amid rising tensions in the Middle East. Despite the dip, analysts at QCP Capital see surprising resilience in BTC, hinting at a potential regime shift where Bitcoin no longer competes with traditional risk assets. Crypto trader Michaël van de Poppe notes higher lows for BTC, signaling strength but warns markets aren't out of danger.
Trader Jelle predicts a 'Bart Simpson' chart pattern, suggesting new lows are imminent. Meanwhile, Rekt Capital remains skeptical of nearby long-term trend lines, noting the 200-week EMA's unreliable role.
Key players: QCP Capital, Michaël van de Poppe, Jelle, Rekt Capital. Key locations: Iran, Middle East.