$BTC is currently trading around 103,750–104,500, having experienced a sharp drop from recent highs above 106,000.
BTC remains range-bound between 100,000 and 110,000, consolidating below its all-time highs. A sustained move below 103,400 could expose deeper downside, while a break above 108,000 is needed for a run at new highs.
The ongoing Israel-Iran conflict has contributed to risk aversion and market caution, with Bitcoin and broader crypto markets treading water since the conflict escalated.