#IsraelIranConflict

The rally of 80% of Bitcoin reflects the pattern prior to the Israel-Iran conflict of 2024.

An analyst identifies a bullish pattern driven by liquidity captures similar to those of 2024, suggesting that Bitcoin could break towards new all-time highs.

Key points:

Bitcoin recovers from a 5.5% drop following the latest escalation in the conflict between Israel and Iran, repeating a pattern seen in October 2024.

Analysts highlight a bullish fractal involving liquidity captures, suggesting that BTC could soon break towards new highs.

Macroeconomic winds and whale accumulation support a potential rally towards $150,000 or more in 2025.

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 defend the 2024 trendline

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

The rebound aligns with a successful retest of the 50-day simple moving average (50-day SMA; the red wave), a technical level that has historically acted as reliable support.

This price structure closely resembles Bitcoin's performance in October 2024, when it fell 8.8% after Iran launched a barrage of missiles against Israel.