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Middle East Tensions Douse Bitcoin's October Rally Hopes, Short-Term Pullback Tests Bullish Resilience

Bitcoin's "Digital Gold" Myth Crumbles Amidst Israel-Iran Tensions, Gold SoarsAs tensions escalate between Israel and Iran, Bitcoin (BTC) has experienced a crash, raising questions about its ability to mimic gold as a hedge against geopolitical turmoil. Renowned precious metals analyst Peter Spina, in an October 2nd X post, expressed disappointment in Bitcoin's recent price action, claiming its "digital gold" promise has been shattered