The current price of Bitcoin remains strong around $108,756, reflecting a solid recovery after being hit by geopolitical tensions in the Middle East earlier this week. It briefly touched a daily low of around $104,600 before rebounding to the current position.
This increase is driven by strong inflows of institutional funds into Bitcoin ETFs, with inflows reaching $1.37 billion in just the last week. ETF products like IBIT (BlackRock) have been key support with contributions of over $1.1 billion, indicating sustained interest from large investors in this digital asset.
On the technical side, Bitcoin has managed to maintain the main support zone at $104K–$105K and is now testing the resistance area around $108K. If it can consistently break through this level, analysts predict potential rallies towards $120,000 or even $250,000 by the end of the year.
However, Bitcoin's role as a 'safe haven' is still in question. As the conflict escalated, BTC prices actually weakened, unlike gold, which reached record highs. This indicates that Bitcoin is still treated more as a risk asset than a true hedge.
However, with the combination of price recovery, institutional support, and strong market liquidity, Bitcoin remains one of the most dynamic and strategic assets to watch in the near future.
