Bitcoin price rises to $ 107,000 on Monday morning

Despite last weekend’s warmates, Futures and Bitcoin Koers colored green on Sunday evening, prior to the opening of the market on Monday.

There was fear on the street this weekend when the conflict between Iran and Israel escalated. Videos of bombing and ballistic missiles were circulating on social media and the fear of American involvement increased. Some called on Monday to a ‘limit down’ (limit on the maximum fall in the stock market in one day) and called this recent conflict the black swan that would make the markets crash.

Bitcoin course rises after a stable weekend

But when the futures opened on Sunday evening, the most important indexes colored green, because investors seemed to ignore the escalation of the conflict. An important indicator was that the Bitcoin Koers remained stable all weekend. The asset has acted as a protection against market volatility, and despite all the commotion this weekend, the stability of Bitcoin was an indication that investors do not see this as a reason to sell.

After having dropped under $ 103,000 on Thursday, the Bitcoin course remained above $ 105,000 throughout the weekend. On Sunday evening, Bitcoin rose again due to $ 106,000 and at the time of writing it records over $ 107,000.

Volatile week for stock and cryptomarket in the offing

Both the performance of Bitcoin and of stock futures point to a green opening on Monday, while the markets are preparing for an important week at Wall Street. On Wednesday, the FOMC will publish its newest interest rate decision, although investors praise an almost zero kans on an interest rate reduction this month.

To make it even more complicated, the Juneteente-Feast Day is on Thursday and the markets are closed. On Friday, the important due date of the quarterly options, on which a new JP Morgan Collar comes on the market, which should have a significant impact on the price development of the market in the next three months.

All this means that the stock market will probably see a number of large movements in a shorter time this week. Although the stock and crypto markets tend to move independently of each other, instruments such as the Ishares Bitcoin Trust (Nasdaq: Go) a strategy (Nasdaq: MSTR) influence the trade volume and the direction of the Bitcoin.

If the conflict in the Middle East continues to escalate this week, it will probably be volatile days for the markets. On the 4-hour graph, Bitcoin could experience resistance around $ 107,000, which earlier acted as support until the prize broke through again at the end of May. Bulls will want the price to break through that area and the highest values ​​ever test and the pattern of the double top around $ 112,000 canceled.