Analysis: Bitcoin Would Only Fall Below $100,000 if the Middle East Situation Rapidly Deteriorates and Enters a More Dangerous Phase

Bitcoin edged higher, rebounding from recent declines triggered by the Israel-Iran conflict, which had dampened investor appetite for risk assets. Kathleen Brooks of XTB noted in a report that President Trump’s remarks suggesting Israel and Iran might find a solution to end the conflict appeared to ease market concerns over Middle East tensions. She pointed out, “In our view, only a rapid escalation in the Middle East, entering a more dangerous phase, would push Bitcoin below $100,000.”