Bitcoin rebounded to around $106,000 after dipping to $102,600 amidst geopolitical tensions between Israel and Iran. Despite the bounce, it remains 6% below its all-time high. The CoinDesk 20 index fell 4.4%, impacting major cryptocurrencies like ether, avalanche, and toncoin, which dropped between 6% and 8%. While traditional markets displayed little concern, with gold up 1.3%, the S&P 500 and Nasdaq only down 0.4% each, most crypto stocks, especially bitcoin miners, fell. Circle, however, saw a 13% increase following positive news regarding its IPO and interest from major retailers like Amazon and Walmart in stablecoins. Analysts indicate risks of a deeper correction, suggesting key support at the $100,000-$101,000 zone, with warnings that breaking below could signal a prolonged consolidation phase. Some predict that if the corrective phase occurs, Bitcoin could fall to around $88,000-$93,000 before resuming its upward trajectory towards $130,000.

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