2025-6-16 14:10 |
Bitcoin price has recovered from its sell-off to trade above $107,000. The Bitcoin price was up nearly 2% in 24 hours on June 16, 2025, despite Middle East tensions. Analysts say BTC has shown resilience since it touched lows of $102,800 on June 11.
Bitcoin (BTC) showed notable strength as the price recovered to trade above $107,000 in the early trading session on Monday, June 16, 2025, despite continuing concerns over a potential war breaking out in the Middle East.
The price of BTC touched lows of $102,800 last week amid negative headlines fueled by Israel and Iran’s aggression against each other.
However, with markets likely buoyed by a potential peace deal, the benchmark cryptocurrency is back near $107k.
A slight recovery across the market has also seen Ethereum rebound above $2,600, XRP above $2.20, and Solana above $1.56.
Top gainers in the past 24 hours include Hyperliquid (HYPE), which shot to a new all-time high above $44.7 as its total value surpassed $2 billion.
QCP analysts on BTC, market bounceWhile geopolitical headwinds prevail, led by the Iran-Israel situation, analysts are pointing to Bitcoin’s resilience amid institutional interest.
The market has witnessed notable traction for spot Bitcoin exchange-traded funds (ETFs) as another factor to consider.
Spot Bitcoin ETF inflows reached $1.3 billion in the past week.
According to analysts at Singapore-based QCP Capital, the price of Bitcoin is showing impressive strength despite the Middle East tensions.
Recovery for BTC mirrors gains in the US futures market on Monday.
In reference to the price drop seen last week and over the weekend, QCP wrote.
“The reaction was relatively muted. Friday’s pullback was just 3%—mild compared to April 2024, when similar headlines triggered an 8% drawdown. The market seems more composed this time around.”
However, the analysts say downside risks persist, particularly if Iran blocks the Strait of Hormuz or the US military gets directly involved in the conflict.
But what could this mean for Bthe TC price long term?
“Ironically, such risks may support $BTC over the longer term. With the asset less than 6% off all-time highs, its performance continues to reinforce a narrative of $BTC as a hedge against macro instability and rising debt burdens,” QCP added. “Recent price action suggests $BTC is no longer just a speculative trade. Structural adoption is being driven by conviction flows, even as the broader macro picture remains unsettled.”
Bitcoin price predictionBitcoin reached its all-time high above $111,970 on March 22, 2025. The current prices, despite the sharp decline seen last week, only put BTC over 4% off the ATH.
Bitcoin Fear and Greed Index is 61 ~ Greed
Current price: $107,002 pic.twitter.com/FigBMp6gUQ
— Bitcoin Fear and Greed Index (@BitcoinFear) June 16, 2025
With Bitcoin fear & greed index suggesting the market remains in greed territory, it’s possible bulls could soon retest the psychological $110k level.
However, buyers face a supply wall around the $108k area. On the flipside, key support levels lie around $103k.
The post Bitcoin price rebounds to $107k despite Middle East tensions appeared first on CoinJournal.
origin »Bitcoin price in Telegram @btc_price_every_hour
ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru
|
