Bitcoin long -term accumulation of accumulation among global tension
Bitcoin grew to $ 110,000 just two days ago and came within striking distance from its $ 112,000 all-time high. However, increased geopolitical tension-especially after the Israel-Iran conflict-kicked markets to a state of risk-off-volatility. BTC has since been relocated to $ 104,000, a decline of 7% from its local high, but the price measure remains particularly resistant. Bitcoin continues to trade above critical support levels, and the broader trend indicates that bulls can still gain momentum on their side.
The $ 112,000 zone remains the most important level to turn, as a crucial breakout there would press BTC to price discovery and signal the beginning of a new explosive phase for the entire crypto market. At the moment, the market is waiting for confirmation, as Bitcoin consolidates during the resistance in an environment with high efforts.
Despite the volatility, the strong grounds on the chain keep the investor’s feeling intact. According to Cryptoquant CEO Ki Young Ju, long-term holders have added 881 578 BTC to their wallets over the past 30 days-a massive wave of accumulation. This cohort usually consists of more experienced investors, which signals confidence in Bitcoin’s medium-to-long track.
While global uncertainty continues to dominate headings, Bitcoin’s ability to keep the $ 104K level, in combination with this aggressive long-term accumulation, suggests that each backback can be short-lived. If the Bulls regain speed and recover $ 110K, the next stop can be unknown territory beyond all-time high. The next few days are likely to define the tempo for the rest of the quarter.
BTC finds support after sharp rejection from $ 110,000 resistance
The 4-hour bitcoin diagram reveals a sharp rejection from the $ 110K zone earlier this week, followed by a rapid decline to $ 104K. The price currently holds just above a critical support level about $ 103,600 – a zone that previously served as a starting plate in early June. The resistance of $ 109,300 remains the most important level of breaking for continuation of all the time, but until then the trend remains vulnerable to the disadvantage’s volatility.
Price measures show increased volume in recent sales, signaling increased investor reaction to the geopolitical tensions that triggered the Israel-Iran conflict. However, the rejection of the $ 103,600 level suggests that bulls defend this area, and it continues to serve as an important structural support.
The 50, 100 and 200-period SMA now converges between $ 106,000 and $ 106,500, adding confluence as a short-term resistance cluster. A clean pause over the region could open the door for a $ 109,300 reproduction. If BTC fails to hold the $ 103,600 level, the market can, however, go through the $ 100k psychological brand.
Featured Image from Dall-E, Chart from Tradingview