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🔥 Bitcoin Situation
Bitcoin at $70,700, holding steady, Bitcoin has strength, considering overall selling from commodities to stocks, Bitcoin is holding up fine. Not collapsing. Fact!
The war in Iran is dragging on, markets under pressure from future inflation due to rising oil prices, but hope and local measures to sell oil reserves are keeping the course around $110.
Americans sent a landing force to capture Hormuz Island, through which 90% of Iran's oil passes. USS Tripoli will arrive by March 30th. Then they will land, so by April 5-10 the war doesn't smell like ending. The Saudis are saying that in April oil will be $160.
I think in about a week there will be movement in the markets.
BUT shock content came yesterday from Netanyahu. Here's what he said: "Israeli Prime Minister Netanyahu revealed the true reason for the war, and it's oil. He wants to subjugate Arabs and force them to refine and sell oil through Israeli ports. Israel will become the new energy hub, and Arab oil and gas will flow to Haifa. The blocked Strait of Hormuz would be even beneficial for Israel in this case."