$BTC is under pressure as oil prices move back above $100 following new U.S. and Israeli strikes on Iran’s energy infrastructure, despite a pause announced by Donald Trump.
Iran has denied any peace talks and responded with further attacks, raising the risk of a broader conflict. There are also signs that Saudi Arabia and United Arab Emirates could become more directly involved.
Although Bitcoin briefly moved above $71K, rising oil prices and geopolitical tension may weigh on the market, with downside risk toward lower levels still possible.