Bitcoin Smashes Through $100K Barrier as Geopolitical Tensions Fuel Crypto Rally

Digital gold proves its mettle again as Bitcoin surges past the psychological $100,000 mark—just as traditional markets wobble over Middle East instability.

Hedge funds and retail traders alike piled into crypto as the conflict escalated, proving once again that when the going gets tough, the tough get... decentralized?

Meanwhile, Wall Street analysts still can't decide whether Bitcoin is a risk asset or inflation hedge—but at six figures, who cares? The market's voting with its wallet.

Momentum indicators show mixed signals. With a relative strength index of 39, the market is weak but not yet oversold. The stochastic RSI and stochastic oscillators are in buy territory, suggesting a potential short-term recovery. The 10-day momentum and moving average convergence divergence, however, are still firmly bearish.

Bitcoin may retest resistance in the $105,000–$106,000 range if geopolitical tensions subside. On the flip side, many analysts on X warn of further declines towards $92,000 or lower if the conflict intensifies, especially given Iran’s threats of retaliation.

The speed of diplomatic resolution and whether exchange-traded fund inflows can continue to withstand sell-side pressure will likely determine how bitcoin responds, as has been the case in previous crises.