Analysis: Bitcoin remains strong in the face of escalating conflicts in the Middle East and trade war fears, maintaining a low and upward trend
2025-06-14 10:15:54
Bitcoin briefly fell below $104,200 overnight as traders weighed the geopolitical impact and tariff uncertainty, but then rebounded under high volume and quickly stabilized, currently hovering around $105,100, down 0.22% in the past 24 hours as traders have largely digested the geopolitical tensions. Traders appear to be leaning towards medium-term bullish as despite the intraday volatility of Bitcoin, it has maintained a pattern of moving lows upwards. Profit-taking near $106,000 has limited the upward momentum, but support near $105,000 continues to attract bargain buying. Market participants are keeping a close watch on this range, especially as safe-haven demand and risk sentiment remain intertwined.
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