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As tensions escalate between the U.S. and Iran, triggered by missile strikes and rising geopolitical repurcussions, the global market’s reaction might surprise you. Despite alarming headlines, equities like the S&P and NASDAQ are climbing, oil prices are falling, and crypto sentiment is far from collapsing. Moreover, President Trump’s peace-leaning X post has added calm to the chaos.
Against this backdrop, crypto analyst VirtualBacon offers a refreshing perspective: “This is not a time to sell in fear, but a time to buy with conviction”. Intriguing enough? let’s dive into the analysis for more details.
Bitcoin Holds Steady in Bullish Territory?
The analyst highlights that Bitcoin remains structurally bullish above $85k, supported by its 50-week SMA. With the ideal entry between $94k and $95k, aligned with the 20-week SMA, he believes that the market weakness here is viewed as a gift, not a threat. A potential double-top pattern is forming, and if the neckline breaks, it could deliver the long-awaited entry point.
It is worth noting that the on-chain metrics show neutral sentiment, the Fear & Greed Index stands at 47, indicating indecision rather than panic. With BTC dominance at 64.5%, the flagship crypto continues to command the broader market.
Also read our Bitcoin (BTC) Price Prediction 2025, 2026-2030!
Must Buy Altcoins During the Dip
Ethereum recently touched $2,100, precisely where the 0.236 Fibonacci retracement lands. With ETH/BTC holding firm above 0.018, Ethereum remains in a macro uptrend. Analyst suggest this is a favorable range to begin scaling in, especially if the BTC price remains above $90k.
Successively, Solana is slightly weaker, but its $110–$120 zone is widely regarded as a value area. He mentions that, the failed inverse head & shoulders pattern doesn’t invalidate the setup unless SOL/BTC collapses. Meanwhile, XRP is nearing its prime entry zone between $1.74–$1.80. However, caution remains as traders await confirmation of a potential 3x move.
Also read our Solana (SOL) Price Prediction 2025, 2026-2030!
VirtualBacon highlights that TAO, a leader in the AI sector, is resilient. If BTC dips to $95k, TAO may offer a $200 entry opportunity with a $175 stop-loss. Meme coin PEPE is retesting its neckline at $0.009 after holding 15-month support at $0.005. With clean structure and growing volume, it remains a top pick among high-risk traders.
FAQs
Yes, $94k–$95k is seen as a strong re-entry zone if the short-term pattern confirms.
Ethereum and Solana show favorable technicals, with ETH holding macro strength.
Neutral. The Fear & Greed Index is 47, and despite war headlines, crypto cap is up 4.26%.