Bitcoin Declines Amid Global Tensions

By Mostafa Mahmoud On Mar 11, 2026

BTCUSD

Bitcoin trades below the 74000 resistance level and prices are likely to move sideways between the 63400 support level and the mentioned resistance.

Support	63400	60000
Resistance	74000	79000

Bitcoin declined and failed to maintain trading above the $70,000 level amid a cautious atmosphere in global markets. The pullback came as investors closely monitored geopolitical developments and awaited the release of key economic data that could influence monetary policy directions and the performance of high-risk assets such as cryptocurrencies. This prompted some traders to take profits, increasing market volatility.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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