Bitcoin Remains Defiant Amid Escalating Middle East Conflict and Trade War Fears

Bitcoin hovered astir $105,100 connected June 14, down 0.22% implicit the past 24 hours arsenic traders digested geopolitical tension. Price enactment remained comparatively tight, with BTC moving wrong a $2,090 scope from $104,220 to $106,135. The largest moves occurred overnight successful Asia trading, wherever Bitcoin concisely dipped beneath $104,200 earlier rebounding connected precocious volume.

Much of the caller volatility has been driven by developments successful the Middle East. The Israel-Iran war, which immoderate analysts fearfulness could dispersed to different parts of the Middle East, combined with commercialized tensions betwixt the U.S. and immoderate of its cardinal trading partners, has unsettled hazard markets. More than $1.1 cardinal successful crypto liquidations were recorded during the archetypal question of struggle headlines, though bitcoin has shown resilience successful the aftermath.

Traders look to beryllium leaning bullish successful the mean term, arsenic BTC continues to clasp a signifier of higher lows contempt intraday wobbles. Profit-taking adjacent $106,000 capped upside momentum, but enactment adjacent $105,000 continues to gully buyers connected dips. Market participants are watching this scope closely, peculiarly arsenic safe-haven request and hazard sentiment stay intertwined.

While short-term headlines proceed to thrust volatility, the broader operation suggests BTC is consolidating alternatively than reversing. If enactment astir $104,950 holds, Bitcoin whitethorn effort different propulsion supra $106,200.

Technical Analysis Highlights

• BTC traded successful a $2,090 scope from $104,182 to $106,272 implicit the past 24 hours.
• A cardinal bounce occurred astatine $104,182 with 15,342 BTC traded during the recovery.
• Resistance formed adjacent $106,200 amid accordant profit-taking.
• A rising trendline of higher lows remains intact.
• Psychological enactment astatine $105,000 is holding for now.
• Recent terms range: $104,875 to $105,202 successful the past hour.
• A crisp dip beneath $105K astatine 07:19 reversed quickly, with $105,200 acting arsenic near-term resistance.
• Final 15-minute candles showed insignificant exhaustion, but measurement patterns suggest accumulation connected dips.

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