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BTC/USD chart - Trading View
Exchange - Coinbase
In a sudden turn of events, Bitcoin price swiftly reversed losses and rallied over 6%.
The move followed news of a US missile strike on Baghdad airport killing Iranian General Qassim Soleimani.
Heightened geopolitical tensions could continue to fuel anti-risk sentiment which may limit upside.
BTC/USD has broken above 200H MA and technical indicators on the intraday charts seem to be shifting in favour of upside.
Major trend still remains bearish. Near-term momentum could see test of 55-EMA at 7557.
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