Bitcoin has recovered to surpass $100,000 following a volatile dip triggered by U.S. airstrikes on Iranian nuclear facilities. The rebound comes despite persistent geopolitical risks in the Middle East, with daily trading volume surging 75.8% to over $48.4 billion.
The military escalation initially caused nearly $1 billion in long Bitcoin positions to be liquidated, driving investors toward traditional safe-haven assets like gold and the U.S. dollar. Derivatives markets mirrored the volatility, with trading volume jumping 67% to $136 billion as participants re-engaged amid uncertainty.
Technical analysis shows Bitcoin trading below its 10-day and 20-day exponential moving averages, while momentum indicators present mixed signals—suggesting fragile upward potential but possible short-term buying opportunities. Geopolitical developments remain critical for near-term direction, with easing tensions potentially lifting prices toward $105,000-$106,000 resistance, while escalation risks could trigger declines toward $92,000 support levels.
Market observers interpret heightened volume across spot and derivatives markets as reflecting cautious investor optimism about Bitcoin’s resilience despite ongoing global instability.