Analysis “BTC, Stable Even Amid Israel-Iran War…Recovery Resilience Noted”

An analysis has emerged that Bitcoin is showing a relatively stable flow despite the geopolitical shock of the military conflict between Israel and Iran. Cryptopotato reported on the 14th (local time), "BTC is showing resilience as it receives support above $105,000 despite a short-term plunge."

This week, Bitcoin started with an upward trend, breaking through $110,000, but it fell below $107,000 despite positive news such as the conclusion of the US-China trade agreement and US May CPI falling short. Then, on Thursday, it rebounded to the $108,000 line, but after news of Israel's air raid on Iran, it temporarily retreated to the $103,000 line.

However, even after Iran's retaliatory attack, BTC recovered to the $105,000 line again, and some altcoins began to show a rebound. In particular, HYPE rose more than 8%, attracting market attention.

The media interpreted that "market participants have become somewhat insensitive to the geopolitical issues, or the resilience of BTC itself has been strengthened," while pointing out that "the fact that it maintains its current price range without new buying power leaves the possibility of downward pressure in the future open."

Attention is focused on whether BTC, which showed stability amid market uncertainty, can continue its upward trend or face further adjustments due to the collapse of technical support lines.