Bitcoin surges 4.5% to $105,000 on Israel Iran ceasefire

Bitcoin surged past $105,000 in the early Asian session on Tuesday, marking a nearly 4.5% increase in 24 hours. This rally followed the announcement of a full ceasefire agreement between Israel and Iran by U.S. President Donald Trump. The deal, brokered through Gulf intermediaries and direct talks with Israeli and Iranian officials, signifies a significant de-escalation after nearly two weeks of military strikes.

The crypto market responded swiftly to the news. With tensions easing and traditional safe havens like gold plateauing, Bitcoin regained its risk-on momentum. Traders are optimistic that a period of regional stability could restore confidence in speculative assets. Trump's acknowledgment of early Iranian warnings about a retaliatory missile strike, which helped avoid casualties at U.S. bases in Qatar, played a crucial role in paving the way for the truce. As regional hostilities paused, investors shifted out of defensive positions and re-entered the crypto markets.

Geopolitical clarity tends to revive appetite for higher-risk assets. Ceasefire agreements, especially those with direct U.S. involvement, often act as catalysts for equity and crypto rebounds. Reduced global uncertainty restores market confidence, encouraging traders to unwind hedges like gold and bonds. Volatility decreases, which in turn encourages capital inflows to crypto. Bitcoin, known for its sharp sensitivity to macro headlines, acts as a barometer for global sentiment. With risk appetite returning, its rebound above $105K could signal a broader recovery across altcoins and digital assets.

The Bitcoin price prediction turned bullish following the cryptocurrency’s recent surge, pushing it through the 50-period EMA at $103,806 and forming a strong bullish engulfing pattern. Momentum indicators like MACD have turned decisively bullish, with a wide histogram and crossover signal suggesting more upside. However, BTC now faces critical trendline resistance near $106,000. This level marks the descending barrier from June highs and remains a key decision zone for bulls. Key resistance levels are at $106,000, $107,580, and $109,041, while support levels are at $103,965, $102,199, and $100,487. A confirmed breakout above $106K on strong volume may open a run toward $109K. Conversely, a failed retest or bearish engulfing at $106K could send BTC back to $102K. With over $2.09 trillion market cap, Bitcoin remains technically balanced but fundamentally charged. The Israel-Iran ceasefire may be the pivot traders needed to chase higher highs, as long as peace holds.