Will Bitcoin Crash To ‘Goblin Town’ Or Is This Just A Geopolitical Overreaction?
Posted On June 13, 2025
Bitcoin (CRYPTO: BTC) slipped amid heightened geopolitical tensions following Israel’s attack on Iran. Traders questioned whether this signals a full-on crash or a temporary reaction.
What Happened: In an X post on June 13, crypto trader Jackis jokingly called Bitcoin’s drop a trip to “Goblin Town”—or if markets are overreacting to fear-inducing headlines. Jackis noted that while the situation is alarming, similar Middle East conflicts have triggered emotional but short-lived market dips in the past. He said this may be another instance of fear-driven selling rather than a genuine breakdown of fundamentals.
Jackis emphasized that Bitcoin remains in a macro bullish structure, consolidating inside a vertical ascending …
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