BTC Confirms New Uptrend After Convergence Breakout as Oil Surges on US-Iran Tensions!

Bitcoin has entered a fresh uptrend after completing a retest following a convergence breakout, according to on-chain analyst CW — a pattern consistent with prior cycle behaviour. The downtrend is considered over, with the new directional move now confirmed.

The macro backdrop adds context: oil prices jumped on renewed US-Iran tensions, injecting fresh uncertainty into risk assets broadly. Despite that pressure, crypto appears to be decoupling from the stall, with BTC leading the recovery signal.

A presale for LiquidChain has approached $750,000 raised, reflecting continued appetite for early-stage crypto projects even as macro headwinds persist.