Bitcoin falls under $104,000 as Israel's war with Iran continues.
Bitcoin's current price is $103,619.42, having dropped below $104,000 recently. This decline is part of a broader market trend, with the cryptocurrency experiencing a 3.81% decrease in value over a short period. The tensions between Israel and Iran are contributing to market volatility, but some experts believe this might not necessarily lead to a long-term downturn.
The conflict between Israel and Iran is affecting market sentiment, causing prices to fluctuate.
Changes in global liquidity conditions, such as the end of quantitative tightening, could impact Bitcoin's price.
The US dollar index is showing signs of bullish divergence, which could influence Bitcoin's price trajectory.
HashKey Capital's Han Xu predicts that the crypto bull market could enter a new mid-phase, driven by macroeconomic trends and on-chain data.
Some traders warn of a potential "rug pull" at $104,000, while others see a possibility of Bitcoin's price increasing if it breaks above $108,000.