BTC, Even Amid Middle East Tensions Rebound...Will Last Year's Surge Pattern Reappear?

Bitcoin, which had previously rebounded after the escalation of tensions in the Middle East (Source: Cointelegraph)

Bitcoin experienced a short-term slump amid escalating tensions between Israel and Iran, but managed to rebound supported by the 50-day Simple Moving Average (SMA). Cointelegraph analyzed on the 13th (local time), “This rebound trend is showing a pattern similar to just before the surge in the second half of 2024.”

According to reports, Bitcoin once fell 5.5% due to the impact of Israel's airstrike on Iran, dropping to 102,800 dollars, but later recovered to the level of 105,500 dollars. Technically, it rebounded from the 50-day SMA, which is a medium-term support line, suggesting that the market is still maintaining structural optimism.

This trend is particularly evaluated to be similar to last October. At that time, BTC also experienced a short-term plunge due to Iran's missile provocations, but then quickly recovered and rose by nearly 80% by the end of the year.

Market experts believe that despite geopolitical uncertainties, BTC is showing a certain level of technical resilience, and additional rebound possibilities in the medium term cannot be ruled out. If the pattern of recovery follows short-term adjustments, it could serve as a positive signal for investor sentiment.