#IsraelIranConflict Bitcoin mirrors 80% rally setup that preceded 2024 Israel-Iran conflict
One analyst spots a bullish fractal driven by 2024-like liquidity grabs, hinting that Bitcoin may breakout toward new all-time highs.
Bitcoin rebounds from a 5.5% drop after the latest escalation in the Israel-Iran conflict, repeating a pattern seen in October 2024.
Analysts highlight a bullish fractal involving liquidity grabs, suggesting BTC could soon break toward new highs.
Macro tailwinds and whale accumulation support a potential rally to $150,000 or more in 2025.
BTC
$105,013
is flashing signs of bullish rejection, shrugging off recent selling pressure sparked 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 2024-era trendline
On Friday, BTC rebounded from a low near $102,800 after sliding 5.5% in response to Israel’s airstrikes on Iranian targets. The cryptocurrency recovered a portion of its losses afterward, reaching over $105,500.
BTC/USD daily price chart. Source: TradingView
The bounce aligns with a successful retest of Bitcoin’s 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 mirrors Bitcoin’s performance in October 2024, when it fell 8.8% after Iran launched a missile barrage on Israel.
BTC/USD daily price chart. Source: TradingView
