Bitcoin Holds the Line at $105K as Market Balances Fear with Accumulation
Bitcoin continued to tread water Friday, holding near $105,100 after a brief overnight dip below the key $105K threshold. The move came as traders assessed a complex macro landscape defined by deepening Middle East conflict and renewed trade friction between the U.S. and global partners.
Price action remained relatively controlled, with BTC moving in a $2,090 band, bottoming at $104,182 before rebounding on a surge in buy-side volume during Asia trading hours. Over 15,000 BTC traded hands in the span of the recovery, hinting at institutional activity stepping in at local support.
The broader narrative is one of tension and resilience. Geopolitical risk, namely fears of a broader regional war between Iran and Israel, combined with fresh tariff threats, has pressured risk assets throughout the week. Crypto markets absorbed over $1.1 billion in liquidations as panic hit earlier, but bitcoin has since stabilized—offering a signal that longer-term hands may be accumulating.
Technically, BTC continues to show signs of constructive consolidation. The pattern of higher lows remains intact, even as upside attempts above $106,000 have repeatedly faltered on profit-taking. Buyers continue to defend dips near the $105,000 psychological level, turning that zone into a key line in the sand for short-term direction.
If $104,950 continues to hold, analysts say a fresh test of $106,200 is likely. But until a breakout occurs, BTC may remain trapped in a tight, sentiment-driven range.
Market Snapshot:
- 24H price range: $104,182 to $106,272
- Key support retest: $104,182 bounce with 15,342 BTC in volume
- Current structure: Higher lows intact, rising trendline preserved
- Resistance zone: $106,200 remains a ceiling on rallies
- Support floor: $105,000 tested multiple times, still holding
- Last hour action: Trading between $104,875 and $105,202
- Short-term signal: Accumulation likely underway, but momentum remains muted
As uncertainty looms across headlines, Bitcoin appears to be coiling rather than cracking. The longer it holds this range under pressure, the stronger the breakout could be—whether up or down.
