The price of Bitcoin has recovered to the $107,000 range.
According to the global virtual asset market tracking site CoinMarketCap, as of 7:15 a.m. on the 27th, Bitcoin is trading at $107,067. This is a 0.4% increase from the previous day. At the same time, the price of Ethereum rose to $2,414, a 0.34% increase from the previous day.
Bitcoin, which surpassed $110,000 last month, fell to the $98,000 mark on the 21st after the United States attacked Iran's nuclear facilities. The price of Bitcoin is now on the rise again following news that U.S. President Donald Trump led a ceasefire agreement between Israel and Iran.
Zelle, a crypto analyst, noted, "Bitcoin has currently recovered its key support zone," and added, "There is a possibility of a strong upward rally if it breaks through the upper range. The target price is $165,200, which is approximately 54% higher than the current price."