Analysis: The situation in the Middle East needs to deteriorate rapidly and enter a more dangerous phase before Bitcoin falls below $100,000

Bitcoin has risen slightly, rebounding from the recent decline caused by the conflict between Israel and Iran, which hit investor preference for risk assets. Kathleen Brooks of XTB stated in a report that after President Trump indicated that Israel and Iran may have found a solution to end the conflict, it seems to have eased market concerns about the tense situation in the Middle East. She pointed out: "We believe that the situation in the Middle East would need to deteriorate rapidly and enter a more dangerous phase for Bitcoin to fall below $100,000."