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The Bitcoin price increased by over 1% in the past 24 hours, trading at $105,487 as of 5:29 a.m. EST, with trading volume decreasing by 28% to $20.9 billion.
The uptick in the BTC price comes even after Iran’s deputy foreign minister warned that US involvement in the ongoing Israeli military operations could ignite widespread conflict in the region, stating it would lead to “hell for the whole region.”
President Donald Trump will decide on how the US will react if the war doesn’t stop in about 14 days.
As per White House press secretary Karoline Leavitt, this is what Trump had to say, “Based on the fact that there’s a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks. That’s a quote directly from President Trump.”
After the first attack on Iran, the crypto market went through a correction, with the market capitalization falling from 3.6 trillion to now stand around $3.3 trillion, according to Coingecko data.
Geopolitical tensions are shaking the charts, and BTC’s latest dip has traders sweating. Can it recover?
Bitcoin Price Preparing For A Breakout
The BTC price has been trading within a rounded bottom pattern on the 3-day chart, after finding support at the $74,595 level, within the 0.618 Fibonacci level.
The rounded bottom has steadily curved upward toward the major resistance range of $105,000–$110,000. The pattern reflects a sustained recovery in market sentiment, with buyers gradually regaining control over several months.
Currently, the Bitcoin price is hovering just beneath the $112,329 (0 Fib level) resistance zone, consolidating within a narrow range after a strong push upward, which suggests that the asset is currently in consolidation.
The 50 Simple Moving Average (SMA), sitting at $94,629, is trending upward and has consistently supported the price of BTC throughout the latter half of the rounded bottom.
The 200-period SMA at $71,579 is well below the current price level, reinforcing the strong long-term bullish trend.
Moreover, the Relative Strength Index (RSI) is currently at 58.31, indicating that the asset is in bullish territory without being overbought, which also suggests further room for upward movement.
How Will BTC React To Ongoing Iran-Israel Tensions?
Even though the BTC price seems to be in consolidation, the technical outlook remains bullish. A successful breakout above $110,000 would confirm the pattern and open the door for a move toward the $128,000 range, as projected by the Fibonacci-0.27 extension.
Escalating conflict in the Middle East and uncertainty may trigger risk-off sentiment in global markets, leading investors to pull out of the crypto market, which may affect the price of BTC.
Trump’s decision, coming in two weeks, will also play a huge factor in how Bitcoin will behave from where it currently sits. Should the tension continue and the Bitcoin price get rejected at its current resistance, a pullback toward $97,900 or the 50 SMA at $94,600 would be a healthy retest of support.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain. According to Crypto Boy, a popular crypto analyst on YouTube with over 61.3K subscribers, HYPER could soar 100X on launch.
Bitcoin Hyper Presale Eyes The $2 Million Mark
Bitcoin has consistently demonstrated strong security, but still lags in terms of speed and flexibility. That’s finally starting to change.
The Bitcoin Hyper presale is now live, introducing something significant: Solana-like speed and smart contracts, built directly on top of Bitcoin.
Bitcoin Hyper integrates with the Solana Virtual Machine (SVM), the technology that enables Solana’s high speed. With SVM, apps can run with low fees and almost no delays.
Furthermore, the project functions on a decentralized Canonical Bridge, which ensures seamless and secure transfers between Bitcoin’s base layer and BTC Hyper.
Investors are betting big on the idea, having pumped over $1.45 million into the project’s presale.
🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.
It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1
— Best Wallet (@BestWalletHQ) June 5, 2025
Additionally, if you buy and stake now, you could unlock a 526% APY; however, this rate decreases as more people join, so timing is crucial.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER tokens for $0.01195 each using crypto or a bank card.
Buy before the next price increase in about 8 hours.
Visit the Bitcoin Hyper website.
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