Bitcoin has experienced a decline of over 8% in the past week due to increased geopolitical tensions, particularly from military actions between Israel and Iran. The cryptocurrency dipped below $100,000, reaching its lowest price of around $98,500, driven by a US airstrike on Iranian nuclear facilities. However, this downturn is viewed as temporary; Arthur Hayes, co-founder of BitMEX, expressed optimism that Bitcoin will soon reinforce its reputation as a safe haven asset. Analysts are monitoring key price thresholds, such as the short-term realized price of $98,000 and a trend support level at $102,000. Confidence in Bitcoin remains strong despite its volatility, with indications of robust institutional demand. Eugene Cheung from OSL noted that the market volatility highlights Bitcoin's resilience and long-term bullish sentiment. Meanwhile, altcoins may begin to perform better if macro conditions stabilize, as analysts predict a potential shift in performance dynamics in the coming months.

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