📰 $BTC mirrors 80% rally setup that preceded 2024 Israel-Iran conflict

Key Highlights:

Bitcoin (BTC) rebounded after a 5.5% drop triggered by renewed Israel-Iran conflict.

The bounce mirrors a similar pattern from October 2024, when BTC dipped after Iran’s missile strikes but surged 80% in the following weeks.

Current support holds near the 50-day Simple Moving Average (SMA) — a historically strong support zone.

Analysts point to a bullish fractal forming, which hints at a breakout toward new all-time highs (ATH).

Some predictions suggest a potential move toward $150,000+ in 2025, backed by:

Macro tailwinds

Whale accumulation

Geopolitical uncertainty resilience

Historical Comparison:

October 2024: $BTC fell ~8.8% due to Iran-Israel escalation, bottomed near $60,500.

December 2024: $BTC recovered strongly, peaking around $108,365.

📊 Source: Cointelegraph