Post by Augustine Chiagozie (@pabloexchange)
🚀 Bitcoin taps $65.5K on Iran news
The US has officially cleared the way for Iranian oil trading for the next two months—a first since 2018—sending WTI crude sliding down to $73, hitting its lowest levels since March.
Meanwhile, the crypto market is seeing absolute madness, with a whopping $2.5 billion in liquidations over the past week as both longs and shorts get chopped up. While there is a decent liquidity cluster sitting just above at $65K–$67K, the stacks waiting below in the $61K–$63K zone are significantly larger.
It’s also worth noting that for the past six weeks, Mondays have consistently marked a local pivot high before the price reversed lower. So keep your eyes peeled — either the bulls manage to stretch this momentum toward $70K, or this is just a classic Monday manipulation right before another dump.
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