$BTC In recent days, the price of Bitcoin (BTC) has shown volatility, influenced by geopolitical tensions and macroeconomic dynamics. Following the airstrikes by Israel on Iran on June 12, 2025, the price of BTC fell by 5%, reaching a low of $102,650, but partially recovered to around $105,000-$106,000, according to data from CoinMarketCap and Binance. Despite this drop, Bitcoin ETFs in the U.S. recorded five consecutive days of positive inflows, accumulating over $1.3 billion from June 9 to 13, reflecting investor confidence. Bitwise analysts suggest that Bitcoin's "fair value" could reach $230,000 by the end of 2025, driven by U.S. federal debt and Trump’s fiscal policies, positioning BTC as a hedge against sovereign default risks. Additionally, companies like Metaplanet in Japan, which acquired 1,088 BTC for $117.3 million on June 2, and Trump Media, with an approved purchase of $2.3 billion, continue to accumulate Bitcoin, strengthening its corporate adoption. However, uncertainty over potential conflicts in the Middle East and trade tensions between the U.S. and China could pressure support levels at $100,000, $92,000, and $86,000, according to TradingView. On the other hand, indicators such as the Pi Cycle Top and MVRV suggest that the Bitcoin bull market still has room to grow, with no signs of a long-term peak. In Vietnam, the recent approval of the Digital Technology Industry Law, which legalizes crypto assets starting in 2026, could encourage regional adoption, consolidating BTC's position.