Bitcoin (BTC) is facing a showdown this week as macro tensions contrast with a bullish BTC price trend reversal. A classic BTC price metric is set to flip bullish for the first time in nearly a year, after the last time gaining $25,000 in two months. This comes as Iran war tensions rise and US inflation data begins to reflect the effects of the war. Meanwhile, the moving average convergence/divergence (MACD) suggests that Bitcoin’s latest downtrend is in the process of reversing. The last bullish weekly MACD flip occurred in May 2025, when price went from $94,000 to $119,000, setting new all-time highs. The move to the local highs has surprised short positions, with total crypto liquidations surpassing $250 million over the 24 hours to the time of writing.