Bitcoin’s recent surge to $109,000 has been overshadowed by renewed conflict in the Middle East, with heightened tensions between Israel and Iran putting pressure on the market.
According to Bitfinex analysts, the resulting wave of selling has placed BTC in a vulnerable position, with a potential breakdown looming if support levels don’t hold.
The firm’s latest report notes that the current sell-off mirrors past capitulation events, which often preceded local bottoms. They believe Bitcoin must stay above the $102,000–$104,000 range to signal that the worst of the selling has been absorbed. A successful defense of this zone could pave the way for a bounce to $112,000 or even new all-time highs within two months.
Alphractal analysts, meanwhile, spotlight a different threshold. They argue that $98,300 is the line separating bullish continuation from deeper correction. If BTC holds above the realized price of short-term holders, sentiment remains positive. A break below that level, however, could shift the market toward a more bearish trajectory.
Both teams agree: BTC is nearing a critical decision point, with technical and psychological levels set to determine the direction of its next big move.
Macro strategist Luke Gromen believes that surging energy costs could set the stage for a dramatic rise in Bitcoin and gold, as inflationary pressure shakes confidence in traditional financial markets.
Paris-listed Blockchain Group has turned once again to equity markets to bulk up its crypto war chest, unveiling a €7.2 million share placement aimed squarely at purchasing additional Bitcoin.
Bitcoin appears to be regaining its footing after a turbulent week, with trading sentiment suggesting the world’s largest cryptocurrency could hit unprecedented levels by the close of 2025.
A fierce contest is unfolding between two financial heavyweights—Strategy (formerly MicroStrategy) and BlackRock—as they battle for dominance over institutional Bitcoin holdings.