Bitcoin (BTC)
BTC$102,525.76
Coindesk Research’s technical analysis model shows that it was collected over $102,000 after a brief drop of $101,000 in a volatile session marked with an unusually heavy trade.
Market participants responded quickly to DIP, with BTC pushing near the bottom of the month-long trading range.
As volume accelerated, the reversal gained momentum, leading to a strong rebound. The move coincided with a sharply written post from James Lavish, managing partner of the Bitcoin Opportunity Fund, written in X. “If you sell bitcoin because the world could go to war, you have absolutely no idea what you own.”
The $10,000-$110,000 range includes price transfers for almost a month. While on-chain metrics suggest a balanced market with no excessive profit acquisition or positive accumulation, derivatives data demonstrates cautious sentiment with continued demand for downside protection.
Technical Analysis Highlights
- A midnight push brought BTC to a peak of $102,800 and trading volumes at 17,906 BTC.
- Between 5:57 and 06:00, BTC rose from $102,767 to $102,912, supported by volume spikes of over 150 BTC per minute.
- The peak recovery period volume hits 184.24 BTC and helps raise the price to $102,990.
- A consolidation level of around $102,680 to $102,720 was before the breakout.
- As volatility decreased, higher support levels began to form nearly $102,870.
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