Bitcoin / TetherUS
Long

Bitcoin is about to bounce back!

244

The Israel-Iran conflict caused a drop in Bitcoin prices last week, but it didn’t last long as bullish institutions rushed to buy the dip, triggering a surge in demand and a rapid price recovery.
Strategy and Metaplanet, two of the most prominent Bitcoin asset managers, bought a combined 11,212 BTC in the last 24 hours, taking advantage of a brief drop in cryptocurrency prices following the Middle East conflict.
Fearing that a secret nuclear weapons program could pose an existential threat to Israel, Israel launched a preemptive missile attack on Iranian nuclear facilities last Thursday. Iran retaliated, and the conflict continued to escalate. Last Friday, stock and cryptocurrency markets fell as a result, providing firms like Strategy and Metaplanet with an opportunity to buy Bitcoin at a discount.

Strategy invested more than a billion dollars to buy 10,100 BTC, while Metaplanet purchased 1,112 BTC for approximately $117.2 million. Strategy now owns a total of 592,100 Bitcoins, and Metaplanet has achieved its 2025 goal of 10,000 BTC ahead of schedule. Metaplanet previously announced a "21 Million Plan" to obtain 21,000 BTC by 2026. The company has now upped the ante, announcing a new "Metaplanet Road to 210,000 Bitcoin" roadmap.
After the news came out, the price jumped to over $107K, fully recovering the losses from the drop to $103K at the beginning of the Israel-Iran conflict last week.

But the current Bitcoin price has returned to the adjustment range of 105K. My view is that as long as there is no further decline, there will be a rebound at the price position of 105K!

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