📊 Bitcoin Price Action Due To #IsraelIranConflict

$BTC is trading around $102,430, moving between $101,183–$103,983 today.

It dropped ~1%, showing a risk-off move—mirroring global equities and oil, not safe havens like gold or USD.

🌍 What’s Driving the Move?

1. Conflict Escalation
U.S. strikes on Iran (e.g., Fordow) raised market tension. BTC slipped ~0.8% as oil surged.

2. Risk Asset Behavior
BTC still trades like a risk asset—not a safe haven—underperforming gold during crises.

3. Recent Volatility
Dropped 5% last week after Israeli strikes, but bounced back on ETF inflows.

4. Institutional Support
MicroStrategy buys and ~$300M/week ETF inflows help hold BTC near $104K–$105K.

🔍 Outlook (1–3 Days)
Expect more swings. BTC could test $100K if tensions rise, or bounce to $105K–$107K if things calm.

Watch: oil, gold, equities, U.S./Iran developments.

✅ Key Takeaway
BTC dipped ~1% on geopolitical jitters. Still a risk asset—but institutional inflows are keeping it stable.

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#MarketPullback