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The Nexus
BUSINESSApr 20 · 05:47 UTCR/BITCOIN/u/Interesting-Pen-9166

[Deep Dive] Why the Strait of Hormuz Closure is the Best Long Entry for BTC This Month

The Strait of Hormuz closure and Iran-US tensions are causing oil price spikes, but Bitcoin remains stable around $73.5k–$74k due to institutional support. Technical analysis suggests a recovery setup with a target of $76k–$78k, leveraging extreme fear levels in the Fear & Greed Index.

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