6 hours ago
Bitcoin (BTC) BTC rallied supra $102,000 aft concisely falling beneath $101,000 successful a volatile league marked by unusually dense trading, according to CoinDesk Research's method investigation model.
Market participants reacted swiftly to the dip, which pushed BTC adjacent the bottommost of its month-long trading range.
The reversal gained momentum arsenic measurement accelerated, starring to a beardown rebound. The determination coincided with a sharply worded station from James Lavish, a Managing Partner of the Bitcoin Opportunity Fund, who wrote connected X: “If you are selling Bitcoin due to the fact that of the anticipation of the satellite going to war, you person perfectly nary thought what you own.”
The $100K–$110K scope has contained terms question for astir a month. On-chain metrics suggest a balanced marketplace with neither excessive profit-taking nor assertive accumulation, portion derivatives information indicates cautious sentiment with continued request for downside protection.
Technical Analysis Highlights
- A midnight propulsion lifted BTC supra $102,800 with trading measurement peaking astatine 17,906 BTC.
- Between 05:57 and 06:00, BTC climbed from $102,767 to $102,912, supported by measurement spikes implicit 150 BTC per minute.
- Peak recovery-period measurement deed 184.24 BTC, helping thrust terms toward $102,990.
- Minute-level consolidation astir $102,680–$102,720 preceded the breakout.
- A higher enactment level began forming adjacent $102,870 arsenic volatility decreased.
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, see CoinDesk's afloat AI Policy.
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