$BTC The price of bitcoin is rising again. Expert from Kronos Vincent points out an important correlation

The largest cryptocurrency begins the new week with gains, despite strong geopolitical tensions arising from the escalation of the Israel-Iran conflict. This week could give bitcoin the momentum to return to its historical peaks.

The price of bitcoin has returned to above 106 thousand dollars.

Institutional investors are buying the cryptocurrency through spot ETFs.

A key issue may be the FOMC meeting scheduled for Tuesday.

Bitcoin is not succumbing to the pressure resulting from the Israel-Iran war.

We have witnessed very turbulent days regarding the situation in the Middle East. Iran has launched a counterattack and is bombing Israeli cities with rockets in retaliation for attacks from the weekend.

We have written more about this conflict, its origins, significance, and potential scenarios here.

On Friday, the price of bitcoin recorded a drop to around 104 thousand dollars, which, of course, also dragged altcoins down. This situation persisted for the last two days, but we are currently seeing a rebound on the BTC price chart.