Bitcoin traders see BTC price gains returning while oil price opinions differ.
Bitcoin (BTC) rebounded past $105,000 after dipping to $102,816, influenced by geopolitical tensions from the Israel-Iran conflict. Oil prices surged, while gold reached two-month highs, causing losses in crypto and stock markets, with the S&P 500 and Nasdaq down about 1%. Crypto commentators expressed mixed views on how rising oil prices might affect Bitcoin. Anthony Pompliano noted that historically, Bitcoin has outperformed oil and gold during Middle East tensions. Bitcoin Macro suggested oil's gains could be temporary. Traders maintained an optimistic short-term outlook for BTC, with support at the $100,000 level. Predictions indicated a potential recovery for Bitcoin, with some caution expected in the markets due to ongoing geopolitical issues.
