Bitcoin Stays Resilient Amid Rising Geopolitical Tensions and Market Uncertainties
Bitcoin experienced fluctuations, dipping below $105K before stabilizing amid geopolitical tensions and trade concerns.
Bitcoin Stays Resilient Amid Rising Geopolitical Tensions and Market Uncertainties
Bitcoin dipped below $105K overnight before stabilizing as traders calculated geopolitical fallout and tariff uncertainty.
Key Information:
- BTC is down 0.22% at $105,101 after reaching a low of $104,220 overnight.
- A buying wave emerged at $104,182 with over 15,000 BTC traded during the recovery.
- The ongoing Israel-Iran conflict and tariff timelines from the Trump administration placed extra pressure on risk assets.
- Bitcoin’s structure remains robust, continuing to form higher lows with $105K as a soft support level.
Bitcoin hovered around $105,100 on June 14, down 0.22% in the past 24 hours as traders digested escalating geopolitical tensions. The price action held within a narrow range of $2,090, fluctuating between $104,220 and $106,135. The most significant moves occurred during the Asian trading session, where Bitcoin briefly dipped below $104,200 and rebounded on high volume.
Most recent volatility has been triggered by the developments in the Middle East, particularly the conflict between Israel and Iran, which analysts predict might extend to other regions. Simultaneously, trade tensions between the U.S. and key partners have unsettled risk markets. Over $1.1 billion in crypto liquidations were reported following the initial news of the conflict, although Bitcoin has shown resilience since then.
Traders seem cautiously optimistic, maintaining a bullish outlook as Bitcoin preserves a trend of higher lows, despite intraday fluctuations. However, profit-taking around the $106,000 mark has restricted upward momentum, while support near $105,000 continues to attract buyers looking for dips.
Technical Analysis Highlights:
- BTC traded within a $2,090 range over the past 24 hours.
- A key bounce occurred at $104,182 with 15,342 BTC traded during recovery.
- Resistance is noted near $106,200 amid continued profit-taking.
- A rising trendline formed by higher lows remains intact.
Disclaimer:
Parts of this article were generated with the assistance from AI tools and reviewed for accuracy and compliance with our standards. For more information, see CoinDesk’s full AI Policy.
