Bitcoin is more than 100,000, as the market absorbs the concerns of the Iran war star-news.press/wp

Bitcoin cleared its way to $ 100,000 after dipping it shortly under the main psychological level for the first time in a period driven by geopolitical tensions in the Middle East.

The recovery follows the highly declining sale caused by tensions in the Middle East after American air strikes on Iranian nuclear facilities in Ford, Natanz, and Izhan. This was followed by a wave of filters, prompting Bitcoin to a decrease of approximately 4 % to the lowest multi -price level at 98,615 dollars on June 22. Meanwhile, ETHEREUM (ETH) and Solana (Sol) witnessed losses of 10 % and 5 %, respectively.

The air strikes, which President Donald Trump confirmed, was a great escalation in the Israeli conflict. Iran’s planned closure of the Strait of Hormuz, a vital road for 20 % of global oil shipments, has sparked fears that oil prices can reach $ 120 – 130 dollars a barrel and pay inflation in the United States to 5 %.

The immediate result was a journey to the origins of safe deception such as gold and US dollar, wiping 40 billion dollars to the encrypted currency market, and about one billion dollars in the long qualifiers. However, stability marks appeared quickly.

Bitcoin has recovered over $ 100,000 thanks to an increase of 75.8 % of daily trading volume to more than $ 48.4 billion. Although a slight decrease in open interest, Coinglass Data He explains that the derivative activity also increased, with a volume of 67 % to 136 billion dollars. This indicates that some of the market participants have reduced their exposure in the face of uncertainty, but they may return.

From a technical perspective, the general trend remains a decline in the near future. Bitcoin is traded below the averages of the procedure for 10 days and 20 days. It is referred to as the weak bullish momentum and tilting towards the bottom range near 98,000 dollars, which is a decisive support area, through the price of bitcoin hovering below the midfield in Bollinger Bands.

Momentum indicators show mixed signals. With the relative power index of 39, the market is weak but not overlooked. RAS and random vibrations are located in a purchase area, indicating a possible recovery in the short term. However, momentum for 10 days and moving average rapprochement, remains firmly down.

Bitcoin may re -test the resistance in the range of 105,000 – 106,000 dollars if geopolitical tensions calm down. On the other hand, many analysts warn of X of a decrease in more declines towards $ 92,000 or less if the conflict is intensifying, especially because of Iran’s threat of revenge.

The speed of the diplomat solution is likely to be determined and whether the flow of boxes circulating on the stock exchange continues to bear the pressure on the sale side, the Bitcoin responds, as was the case in the previous crises.