Bitcoin is currently operating in a challenging landscape characterized by increasing tensions in the Middle East and growing macroeconomic uncertainties, both of which are contributing to heightened market volatility. The leading cryptocurrency remains above essential support levels, with bullish sentiment prevailing for the time being.
Nevertheless, the prevailing hawkish environment, influenced by surging US Treasury yields, inflation worries, and geopolitical unrest, presents a significant risk to Bitcoin's stability. A decline below critical thresholds could jeopardize its current bullish momentum.
