Bitcoin staged an impressive 3.9% rebound to $105,302 after news broke of a ceasefire between Israel and Iran, showcasing crypto’s sensitivity to geopolitical developments.
Bitcoin’s Rollercoaster Week
- June 22: Plunged to $98,974 (lowest since May) after US bombed Iranian nuclear sites
- June 24: Surged to $105,927 on ceasefire news
- Market cap regained $2.09T (+3.24%)
- Trading volume jumped 6.9% to $52.8B
Why the Sudden Rebound?
1️⃣ Risk appetite returns as Middle East tensions temporarily ease
2️⃣ Crypto markets historically rebound fast when geopolitical fears fade
3️⃣ Broader crypto market cap rose 2.1% to $3.36T
💰 Blackrock back to devore the bitcoinETF inflows with a staggering 217.6M$ bought yesterday
Potential Storm Clouds Ahead
⚠️ Israel accused Iran of violating ceasefire just 2 hours after deal
⚠️ Threat of renewed strikes could spark fresh volatility
⚠️ BTC still down 3.6% over past two weeks
Key Levels to Watch
- Resistance: $106,000 (previous high)
- Support: $103,000 (recent consolidation zone)
- Breakout scenario: Clear $106K could target $110K
- Risk scenario: Renewed conflict may retest $99K lows