Bitcoin price recovers, reaching $107,000 range…support at $105,000

Bitcoin (BTC), whose price recovered due to the ceasefire between Israel and Iran, continues to hold strong. The market is expected to continue its upward trend if it maintains the $105,000 support level.
As of 3:45 p.m. on the 26th, the domestic Bitcoin price was 147,671,000 won (
At the same time, the overseas Bitcoin price based on CoinMarketCap was up 1.25% from the same time the previous day, reaching $107,822 (approximately 15.56 million yen).
The price of Bitcoin made a big recovery after the news of the ceasefire between Iran and Israel was announced on the 23rd (local time).
However, there is a $20 billion option expiry scheduled for the 27th. Even if the price falls, the $105,000 level is expected to be the support level.
Meanwhile, as more and more companies have been strategically purchasing Bitcoin recently, their impact on the market will depend on Bitcoin spot exchange-traded funds (ETFs).
"The price of Bitcoin is closely correlated with the flow of spot ETF funds," said analyst Vettle Lunde of virtual asset research firm K33 Research.
"The impact of bitcoin investment companies on the price is less direct than that of ETFs," he said.