Bitcoin hovered around the $105,000 mark as geopolitical tensions between Israel and Iran dampened market sentiment, while investors also awaited signals from the Federal Reserve.
Despite a recent rally, Bitcoin has remained rangebound—failing to sustain gains—due to the combination of Middle East uncertainty and looming monetary policy decisions The key levels of support and resistance are proving resilient, keeping trading fluctuations tight.
Analysts point out that although geopolitical crises traditionally boost safe-haven perceived assets, Bitcoin has yet to catch that shift. Instead, macroeconomic factors—particularly U.S. Fed policy—are steering its short-term trajectory . The cryptocurrency remains sensitive to dollar movements and interest rate expectations.
Market watchers recommend monitoring updates from both the Fed and developments on the Israel‑Iran front—any significant escalation or dovish Fed signals could trigger a breakout above the range, while escalation in conflict or hawkish tone may suppress crypto risk appetite further.
