Bitcoin recovers from 5.5% drop amid Middle East tensions

Bitcoin rebounded from a 5.5% drop after tensions between Israel and Iran triggered a brief market dip. According to Cointelegraph, BTC recovered to over $105,500, supported by the 50-day simple moving average. This pattern mirrors Bitcoin’s 8.8% decline in October 2024, following Iran’s missile attack on Israel, which preceded an 80% surge. Analysts predict a potential rally to $150,000 to $200,000 by year-end.