Bitcoin trades sideways amid unresolved Middle East tensions

White House: "Trump to Decide on Military Strike Against Iran Within 2 Weeks" BTC Hovers Around $104,000... Altcoins Also Remain Stable Sentiment: "Negative Individual Investor Sentiment Predicts Market Rebound"

After the collision between Iran and Israel, geopolitical tensions in the Middle East remain unresolved, and Bitcoin (BTC) and altcoins remained stable on the 20th. News reported that U.S. President Trump has approved plans to attack Iran and is just awaiting final decision. On the 19th (local time), the White House officially stated that the president will decide within two weeks whether to launch a military strike against Iran. Amid Middle East tensions, with selling and buying pressures intersecting, Bitcoin hovered around the $104,000 level. Altcoins also continued to remain unchanged from the previous day. ◇Bitcoin = As of 4 PM on the 20th on Upbit, Bitcoin price is 144,610,000 won. Bitcoin dominance is 64.90%. According to on-chain analysis platform Sigbit, the long and short betting ratio in the Bitcoin futures market was 49.91% and 50.09% respectively. On-chain analysis platform Sentiment forecasted Bitcoin's strength based on a report released on the 20th. Sentiment stated, "Currently, there are an average of 1.03 negative comments on positive postings about Bitcoin" and "Since individual investors always show psychology contrary to the market, this is clearly a positive upward signal." ◇Rising Coins = As of 4 PM on the 20th on Upbit, the cryptocurrency with the largest increase from the previous trading day was Threshold (T), rising by about 9%. The Threshold (T) network was built to enable users on the Nucypher token (NU) and Keep token (KEEP) blockchain to simultaneously implement Nucypher's data encryption advantages and Keep's data storage advantages. Threshold operates as a system that can build its own privacy layer to protect user data and personal information. Individual blockchains can use this network to separate public and private data while connecting each other through Threshold as a bridge concept. ◇Fear and Greed Index = The digital asset Fear-Greed index provided by Alternative is at 54 points, entering the 'Neutral' stage. The neutral stage is a section where market participants' psychological resistance and support appear, indicating important decision-making for future price movements. The Relative Strength Index (RSI) for cryptocurrencies provided by Sigbit is recorded at 46.5, in a 'neutral' state. RSI measures the relative strength between upward and downward pressures of a specific asset price and indicates the overbought and oversold scale of a specific asset. Reporter Seung-won Kwon ksw@blockstreet.co.kr