$BTC Bitcoin is currently experiencing significant volatility, trading around $103,300, down over 4% in the last 24 hours. This decline is largely attributed to escalating geopolitical tensions between Israel and Iran, causing a broader risk-off sentiment in global markets. Despite this, some analysts maintain a bullish outlook for the second half of 2025, with predictions of Bitcoin potentially reaching $200,000. Factors supporting this include continued institutional adoption (like Bitcoin ETFs), improving regulatory clarity in the US and EU, and the impact of the 2024 halving event on scarcity. However, potential risks such as further geopolitical instability, higher inflation, and a stronger dollar could impact its trajectory.