Crypto analysts remain cautiously optimistic on Bitcoin (CRYPTO: BTC) despite recent Middle East volatility, with technical levels holding and halving cycle patterns suggesting potential upside ahead.
What Happened: In a new market analysis published on Wednesday, crypto analyst DonAlt expressed cautious optimism on Bitcoin’s performance, despite geopolitical unrest in the Middle East.
He pointed out the surprisingly muted market reaction to escalating tensions, noting that Bitcoin’s swift recovery above the $104,000 weekly level likely invalidates the prior breakdown.
Key levels to watch:
- $100,000 as critical daily support
- $90,000 as the …