Bitcoin slips below key moving average after Trump’s Iran warning

Bitcoin closed its daily candle below the 50-day moving average on Friday for the first time since August. By Saturday morning the price stood near 80 800 dollars while the average itself had moved up to roughly 81 784 dollars.

The move followed Donald Trump’s remark that Washington might launch another operation against Iran. Oil prices climbed toward 120 dollars a barrel, the Dow Jones index dropped 652 points, and the broader crypto market lost 140 billion dollars in market value over the week.

Long positions worth 318 million dollars were liquidated within 24 hours, according to Whale Insider. Coinglass recorded total liquidations of 495.74 million dollars affecting 175 527 traders, including one 4.77-million-dollar Ethereum position on Binance.

Spot Bitcoin ETFs saw 635 million dollars leave on Thursday, the largest outflow since June. Issuers sold another 137.94 million dollars worth of coins on Friday. Analyst Benjamin Cowen noted the bearish scenario would be invalidated only if Bitcoin reclaims and holds above 83 000 dollars.

Based on information from cryptonews.net