Bitcoin Holds Ground Amid Iran Tensions and ETF Inflows

Bitcoin's price held steady near $63,800 despite escalating geopolitical tensions in the Middle East. The U.S. launched its third round of airstrikes on Iran this week, and Tehran responded by declaring the Strait of Hormuz closed 'until further notice.'

The move had a muted reaction on Bitcoin, with a 0.3% drop over 24 hours. It was up 2% on the week overall.

U.S. spot Bitcoin ETFs pulled in $197.4 million last week, ending an eight-week outflow streak. Spot Ether ETFs also returned to inflows, collecting $84.4 million for the week.

Crypto analyst Michaël van de Poppe pointed to a bullish divergence on Bitcoin as one of the strongest signals that the market could be near a reversal. He stated that breaking $65,000 would confirm the setup, turning that resistance into support. Van de Poppe set a first target at $73,000 and said he personally expected a move toward $83,000 or higher in the coming period.