$BTC Bitcoin

BTCUSD

starts a new week in full recovery mode as bulls erase Israel-Iran losses. What’s next for BTC price action?

A solid weekly close and a trip past $107,000 put

BTCUSD

in a strong position as Wall Street returns.

A tense Fed interest rate decision is due, amid fears that an oil price surge could add to inflation.

In a rare show of solidarity, both Bitcoin whales and retail investors are staying in “hodl” mode at current prices.

Perp markets continue to display a discount to spot, leading to expectations of a short squeeze resulting.

BTC price targets are conspicuously bullish, with $200,000 or more still on the table and no technical signs of a long-term top.

Liquidity in focus as weekly close preserves $105,000

After a relatively flat weekly close, Bitcoin is busy clawing back lost ground as it passes $107,000 to start the week.

With that, much of the downside that came as a snap reaction to the Israel-Iran conflict has been canceled out, data from Cointelegraph Markets Pro and TradingView confirms.

“Closed the weekly over $104,500, which is a very good sign. Just need to hold over now,” an optimistic response from popular trader Crypto Tony on X stated.