On June 19, Bitcoin recorded more than 40 consecutive days of trading above the $100,000 mark, which was achieved despite ongoing uncertainty and escalating geopolitical tensions in the Middle East. According to Coingecko data, May 8 was the last time BTC traded below $100,000, meaning it has been above this level for 42 days as of June 19.

Meanwhile, Blockchair data shows that BTC has been above $100,000 for 43 days, giving it a new level of support, according to some technical analysts. During this period, BTC set a new all-time high on May 23, surpassing the previous record set on January 20. At the time of writing, the largest cryptocurrency was trading just above $104,000, which is familiar territory for BTC in June.