Bitcoin is showing signs of bullish rejection, ignoring the recent selling pressure triggered by the renewed conflict between Israel and Iran. This setup is notably similar to one that preceded an 80% rally in late 2024.

Bitcoin bulls are defending the 2024 trend line.

$BTC recovered from a low near $102,800 after falling 5.5% in response to Israel's airstrikes against Iranian targets. The cryptocurrency regained some of its losses afterwards, reaching over $105,500.