Bitcoin Analysis

The escalation of conflict in the Middle East is likely to have an impact on the market. This could also potentially lead to the formation of an engulfing pattern in Bitcoin. I see a 70% potential for a decline here, but it's not ruled out that it may break the resistance on the H4 chart and continue to rise. The triple top has already been confirmed, and if the daily support breaks, there's a possibility that Bitcoin could drop to 40k.