Bitcoin Surges Above $100,000 amid Middle East Tensions!

Jakarta, Pintu News – After falling below psychologically important levels, Bitcoin (BTC) has managed to bounce back past $100,000. The recovery comes amid rising geopolitical tensions in the Middle East that have sparked global market concerns.

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How the Middle East Conflict Affects the Crypto Market

Tensions in the Middle East have risen following US airstrikes on Iran’s nuclear facilities in Fordow, Natanz and Isfahan. The strikes, confirmed by President Donald Trump, sparked fears of an escalation of conflict between Israel and Iran.

The crypto market responded with a sharp decline, where Bitcoin (BTC) briefly slipped to $98,615, marking the lowest point in recent weeks. Ethereum (ETH) and Solana (SOL) also saw declines, up to 10% and 5% respectively.

Iran’s closure of the Strait of Hormuz, a vital passage for 20% of global oil shipments, added to the panic of markets worried about oil prices spiking to $120-$130 per barrel.

Read also: The Next 3 Big Crypto in July 2025

Market Response and Bitcoin Recovery

In response to the heightened uncertainty, there was a flight to safe-haven assets such as gold and the US dollar. However, not long after, the market began to show signs of stabilization. Bitcoin (BTC) managed to recover above $100,000, driven by a 75.8% increase in daily trading volume to over $48.4 billion.

Despite the drop in open interest, derivatives activity in the market also saw a surge, with volumes up 67% to $136 billion. This suggests that some market participants reduced their exposure amid the uncertainty, but are starting to re-engage in trading.

Also read: These 3 Crypto are Predicted to Rise Sharper than Bitcoin (BTC) in July 2025!

Technical Analysis and Future Outlook of Bitcoin

From a technical perspective, the general trend of Bitcoin (BTC) still suggests bearishness for the near term. Bitcoin (BTC) is trading below its declining 10-day and 20-day exponential moving averages. Momentum indicators are showing mixed signals, with the relative strength index (RSI) at 39, signaling a weak but not yet oversold market.

The stochastic RSI and stochastic oscillator are in the buying territory, suggesting a potential short-term recovery. However, the 10-day momentum and moving average divergence convergence still suggest a strong bearishness. If geopolitical tensions ease, Bitcoin (BTC) may retest resistance in the $105,000-$106,000 range.

Conclusion

The dynamics of the diplomatic resolution and the ability of exchange-traded fund (ETF) inflows to withstand selling pressure will determine Bitcoin’s (BTC) response to this crisis, as it has in previous crises. Market participants should remain vigilant for further developments that could affect the exchange rate of Bitcoin (BTC) and other crypto assets.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. Bitcoin Rebounds as Market Absorbs US-Iran War Fears. Accessed on June 24, 2025
• Featured Image: Generated by AI