Persistent Downturn in Bitcoin Market: Middle East Risks and Upcoming FOMC Weigh on Potential Gains

In the cryptocurrency market, Bitcoin (BTC) has decreased by 0.75% from the previous day, trading at approximately $66,000 per BTC. The resurgence of military conflicts between the US and Iran has intensified risk-averse sentiments, leading to a heavy upside in the market. The chart above illustrates the Fibonacci retracement drawn from the post-FTX shock low in 2022 (1BTC = $15,600) to the all-time high in October 2025 (1BTC = $126,000). The current price is between the 0.382 (approximately $57,900) and 0.5 (halfway point, approximately $71,000) levels, slightly below the midpoint of the recent rise...