Bitcoin Tests Critical $104K Support – Eyes On $97K If It Breaks
15 Junho 2025 - 1:00AM
NEWSBTC
Bitcoin is trading just above the critical $104K level after
enduring multiple days of selling pressure triggered by escalating
tensions in the Middle East. The recent attacks between Israel and
Iran have injected fresh volatility across financial markets, but
BTC has shown notable resilience. Currently down about 5% from its
all-time high of $112K, Bitcoin continues to trade within a broader
consolidation range as macroeconomic uncertainty persists. Related
Reading: Whales Dump Over 270 Million Cardano In One Week – Bearish
Signal Or Shakeout? Despite the geopolitical instability and rising
bond yields, Bitcoin’s structure remains bullish, with bulls
defending key support zones. According to top analyst Ali Martinez,
the $104,124 level is a crucial threshold to watch. He highlights
that this level aligns with a strong cluster of Unspent Transaction
Outputs (UTXOs) based on the Realized Price Distribution metric.
This suggests a heavy concentration of buyers who acquired BTC at
or near this range, potentially reinforcing it as a solid support
base. Holding above this level could mark a turning point, paving
the way for another push toward price discovery. However, a
breakdown below this zone could trigger a deeper correction toward
lower demand levels. For now, all eyes remain on Bitcoin’s reaction
to this key level as global risks continue to evolve. Bitcoin Holds
The Line Above $100K Amid Geopolitical Risks Bitcoin is showing
notable resilience amid global turmoil, holding above the $100K
mark despite rising uncertainty linked to escalating Middle East
tensions. As the market heads into Monday, investors are bracing
for potentially volatile sessions, depending on further
developments between Israel and Iran. A sharp rise in oil prices
could add additional macro pressure, making the start of the week a
decisive moment for risk assets. BTC continues to trade within a
consolidation range after falling 5% from its all-time high of
$112K. Analysts widely agree that Bitcoin is in a transitional
phase—either preparing for an explosive breakout into price
discovery or setting the stage for a deeper retracement. Many
believe that a confirmed breakout above $112K could trigger the
next major leg higher, marking the beginning of a new expansion
cycle for the entire crypto market. However, caution remains
critical at current levels. Martinez pointed to key on-chain data
from the UTXO Realized Price Distribution, identifying $104,124 as
a pivotal support zone. This price level is where a large volume of
BTC last moved, suggesting strong buyer interest. If BTC holds this
level, it could form a solid base for continuation. But if it
breaks down, the next area of interest lies around
$97,405—potentially sparking broader fear across the market. In the
coming days, Bitcoin’s response to geopolitical news and
macroeconomic signals, particularly oil price movements and bond
yield reactions, will be crucial. For now, the bulls remain in
control, but the path forward demands close attention and
calculated positioning. Related Reading: Ethereum Holds $2,500
Support – History Signals $4,000 As Potential Target BTC Price
Analysis: Bulls Defend Key Support Bitcoin is currently trading at
$105,502, showing signs of strength after defending the crucial
$103,600 support level. This price zone has acted as a consistent
floor over the past week and continues to be a key pivot for
short-term market structure. After a steep drop from the $112K
high, BTC bounced off this support with a strong wick on high
volume, signaling buyer interest and a potential short-term bottom.
The chart shows that Bitcoin is consolidating between $103,600 and
$109,300, with the 50, 100, and 200-period SMAs converging just
above the current price, indicating a decision point is near. A
clear break above $106,800 could trigger momentum to test $109,300
again, while a failure to hold above $104,500 would expose BTC to
downside risk. Related Reading: Solana Approaches Critical Support
Amid Middle East Conflicts – Can Demand Hold? Volume remains
relatively muted compared to the spike during the June 13 drop,
suggesting that most of the panic selling has cooled for now.
However, price remains below the 200 SMA, reinforcing that bulls
must reclaim this zone to confirm continuation. Featured image from
Dall-E, chart from TradingView
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