Bitcoin remained relatively steady around $105,100 on June 14, as traders process ongoing geopolitical tensions. Despite a tight trading range between $104,220 and $106,135, the cryptocurrency saw some overnight volatility in Asian markets, briefly dipping below $104,200 before rebounding with high volume. Recent price swings have been heavily influenced by developments in the Middle East, particularly the Israel-Iran conflict, which some analysts fear could escalate further. Additionally, US trade tensions with key partners have added to market uncertainty, leading to over $1.1 billion in crypto liquidations during the initial outbreak of conflict headlines. Nonetheless, Bitcoin continues to display resilience, with traders maintaining a bullish outlook in the medium term. It consistently forms higher lows even amid intraday fluctuations, with resistance near $106,000 and strong support around $105,000 attracting buyers on dips. Market focus remains on this range, especially as safe-haven demand and risk sentiment remain closely intertwined. While short-term headlines contribute to volatility, the broader technical structure suggests Bitcoin is consolidating rather than reversing course. If support at approximately $104,950 holds, another attempt to break above $106,200 could be on the horizon.
**Technical Highlights:**
– Bitcoin traded within a $2,090 range, from $104,182 to $106,272 over the past 24 hours.
– A key bounce occurred at $104,182, with over 15,300 BTC traded during the recovery.
– Resistance formed near $106,200 amid profit-taking.
– The rising trendline of higher lows remains intact.
– Psychological support at $105,000 is currently holding.
– Recent hourly range: $104,875 to $105,202.
– A quick reversal after slipping below $105K at 07:19 indicates strong support, with $105,200 acting as near-term resistance.
– Volume patterns suggest accumulation on dips, despite minor exhaustion in recent candles.
