Bitcoin Trades Around $105,100 Amid Market Volatility and Geopolitical Tensions
On June 14, Bitcoin traded around $105,100, down 0.22% in 24 hours. Price movements were confined to a $2,090 range, with significant activity occurring overnight in Asia; BTC briefly dipped below $104,200 before rebounding.
Geopolitical tensions, particularly the Israel-Iran conflict and U.S. trade issues, have contributed to market volatility. Over $1.1 billion in crypto liquidations followed initial conflict reports, yet Bitcoin showed resilience.
Traders remain bullish medium-term as BTC maintains higher lows despite intraday fluctuations. Profit-taking near $106,000 limited gains, but support around $105,000 is attracting buyers. Market participants are monitoring this range closely.
If support at $104,950 holds, Bitcoin may attempt to exceed $106,200.
Technical Analysis Highlights
- BTC ranged from $104,182 to $106,272 in the last 24 hours.
- A rebound occurred at $104,182 with 15,342 BTC traded.
- Resistance formed near $106,200 due to profit-taking.
- The trendline of higher lows remains intact.
- Psychological support at $105,000 is holding.
- Recent price range: $104,875 to $105,202 in the past hour.
- A dip below $105K reversed quickly, with $105,200 acting as resistance.
- Minor exhaustion noted in final 15-minute candles, but accumulation patterns suggest buying on dips.