Bitcoin Resilience Amid Middle East Tensions Signals Potential Breakout

Despite recent geopolitical tensions involving Israel and Iran, which caused increased volatility across markets, Bitcoin has demonstrated remarkable resilience by remaining above key support levels. Although trading near its all-time high within a consolidation zone, the weakening of the final major weekly resistance suggests a potential for a breakout. As macroeconomic concerns such as rising US Treasury yields and energy disruptions persist, Bitcoin's capacity to hold higher lows and approach resistance with momentum signals that bullish control may soon reemerge. Overall, Bitcoin remains poised in a crucial phase where market sentiment hinges on geopolitical developments and macroeconomic stability, with signs pointing towards possible upward movement if macro conditions stabilize.