“Bitcoin Dipped Below $ 105k Overnight Before Steadying As Traders Weight Geopolitic Fallout and Tariff Uncertainty.”, – WRITE: www.coindesk.com
Much of the recent of volatility have been Driven by Developments in the Middle East. The israel-Iran War, WHICH Some Analysts Fear Could Spread to Other Parts of the Middle East, Combined with Trade Tensions Between the US and some of it. More Than $ 1.1 Billion in Crypto Liquidations Were Recorded Durying The Initial Wave of Conflict Headlines, Thought Bitcoin Has Shown Resiliency in The aftermath.
Traders Appear to Be Leaning Bullish in the Medium Term, As BTC Continues to Hold a Pattern of Higher Lows Despite Intradoay Wobbles. Profit-Taking Near $ 106,000 Capped Upside Momentum, But Support Near $ 105,000 Continues to Draw Buyers on Dips. Market Participants Are Watching This Range Closely, Particularly As Safe-Haven Demand and Risk Sentiment Remain Intertwines.
While Short-Term Headlines Continue to Drive volatility, The Broader Structure Suggests BTC is Consolidating Racher than Reversing. If Support Around $ 104.950 Holds, Bitcoin May Attempt Another Push Above $ 106.200.
Technical Analysis Highlights
- BTC Traded in A $ 2.090 Range from $ 104,182 to $ 106,272 Over The Past 24 Hours.
- A Key Bounnce Occurred At $ 104,182 With 15,342 BTC Traded During the Recovery.
- Resistance Formed Near $ 106.200 AMID CONSISTENT PROFIT-Taking.
- A rising Trendline of Higher Lows Remains Intact.
- Psychological Support at $ 105,000 is Holding for now.
- Recent Price Range: $ 104.875 to $ 105.202 in The Last Hour.
- A Sharp Dip Below $ 105k At 07:19 Reversed Quickly, WitH $ 105.200 Acting As Near-Term Resistance.
- Final 15-Minute Candles Showed Minor Exhaustion, But Volume Patterns Suggest Accumulation on Dips.
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