r/Crypto_General

Bitcoin is coiling up for a big move. The Bollinger Bands on the daily chart are tightening.

Where Bitcoin heads next depends on the US—or, to be precise, on Donald Trump. The attack on Iran has humiliated America. The country burned through $50 billion, but instead of regime change, the ayatollahs have pushed the global economy to the edge of an energy abyss. If Trump and his war secretary are to be believed, there are just 24 hours left for a decisive strike on Iran—taking out power plants and the rest of the country's critical infrastructure. That move would lead to a final break with Europe and the collapse of NATO. Iran would retaliate in kind, destroying the infrastructure of America's Middle East allies.

Bloomberg analysts think Bitcoin will head down to $10,000. Broker Bernstein, on the other hand, says $150K.

My take? Iran will keep fighting, even from the ruins of its country. And it will be able to resist the ground invasion that follows the strikes. That would humiliate America even further and pave the way for a Democratic victory. They'll tighten crypto regulation and slap taxes on miners.

But even without that, mining Bitcoin will get more expensive as electricity prices rise. Competition for every kilowatt will intensify because of the growing demands of the AI industry. Especially since data centers in the Middle East will be destroyed. Miners are already shifting to servicing AI. They get paid well for that, while mining Bitcoin is now a loss‑making business. Once the hash rate starts dropping, the price will follow.

America's humiliation will cost $10,000 per Bitcoin.

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