According to CryptoSlate’s data, this is the first time in four days that BTC has crossed this level, showing signs of renewed investor confidence.
However, investor sentiment toward digital assets appeared to have shifted by Monday morning amid the escalating tensions.
Despite the escalating Middle East conflict, Bitcoin’s upward movement may be less about short-term relief and more about shifting macroeconomic sentiment.
In addition, on-chain activity suggests a quiet rotation of capital from altcoins into Bitcoin. These reallocations and supportive macro signals could set the stage for a stronger BTC move later in the year.
Nonetheless, 10x Research stated that Bitcoin remains in a consolidation phase. According to the firm, as long as the BTC stays above the $100,437 support level, any short-term pullbacks will likely be limited.
