Bitcoin’s price recently increased to approximately 102,000 USD and has shown signs of recovery after weeks of decline. Technical analysis indicates a local price bottom of about 98,000 USD, which has encouraged positive trading sentiments.
Market sentiment suggests that the Middle East conflict is unlikely to intensify, positively impacting BTC and leading to a CME futures gap around 104,000 USD. This shift has influenced investor interest away from traditional safe havens like gold and oil.
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