Bitcoin has been facing resistance at the $105,000 level in recent weeks, striving for new highs. Despite attempts to break through, the price remains below this barrier, and investors continue to accumulate assets, indicating a long-term belief in the recovery of BTC. However, geopolitical tensions, especially conflicts between Israel and Iran, as well as the trade war initiated by Trump, are negatively impacting market sentiment. Currently, investors are more fearful of trade wars than real threats, leading to a two-month low in optimism. In the event of a successful breakout above the $108,000 level, Bitcoin could rise to $110,000. But if the situation worsens, the price could drop to $102,734 or even $101,503, which would nullify the bullish scenario. Despite the turbulence, long-term investors continue to believe in the asset and accumulate BTC, hoping for a market recovery.
