Bitcoin oscillated about $ 105,100 on June 14, down 0.22% in the last 24 hours while traders would digest geopolitical tension. The price action remained relatively tight, BTC moving in a range of $ 2,090 from $ 104,220 to $ 106,135. The biggest movements occurred overnight in the trade in Asia, where Bitcoin briefly dropped below $ 104,200 before bouncing on a high volume.
Much of recent volatility has been motivated by developments in the Middle East. The Israel-Iran war, which, according to some analysts, could spread to other parts of the Middle East, combined with trade tensions between the United States and some of its main trade partners, has unstable risk markets. More than $ 1.1 billion in cryptographic liquidations were recorded during the initial wave of conflict titles, although Bitcoin has shown resilience the next day.
Merchants seem to be thinking optimists in the medium term, because BTC continues to contain a higher low -low scheme despite intraday oscillations. Profits close to $ 106,000 capped upwards, but support nearly $ 105,000 continues to shoot buyers on drops. Market players are looking closely at this range, especially because the demand for security and the feeling of risks remain intertwined.
While short -term titles continue to stimulate volatility, the wider structure suggests that the BTC is consolidated rather than to revers. If the support of about $ 104,950 holds, Bitcoin can try another thrust over $ 106,200.
Strengths of technical analysis
- BTC exchanged in a beach of $ 2,090 from $ 104,182 to $ 106,272 in the last 24 hours.
- A key rebound occurred at $ 104,182 with 15,342 BTC negotiated during the recovery.
- The resistance formed nearly $ 106,200 in a coherent profits.
- A higher trend of higher lows remains intact.
- Psychological support at $ 105,000 is due to the moment.
- Recent price fork: $ 104,875 at $ 105,202 in the last hour.
- A clear drop of less than $ 105,000 to 07:19 was overturned rapidly, with $ 105,200 acting as short -term resistance.
- The 15 -minute final candles have shown a minor exhaustion, but the volume models suggest an accumulation on the DIP.
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