$BTC is showing signs of bullish rejection, dismissing the recent selling pressure caused by the renewed conflict between Israel and Iran. This setup is strikingly similar to one that preceded an 80% rally in late 2024.

Bitcoin bulls defend the 2024 trend line

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