🔥 Bitcoin Cools Off – Drops Below $115K Amid Putin–Zelenskyy Talks

Bitcoin slipped below $115,000 on Tuesday, marking a 5% drop from last week’s all-time high of $124,474, even as geopolitical developments take center stage.

🗞️ Geopolitical Spotlight: Trump Seeks Peace Talks

• Former President Trump is working to organize a trilateral summit between Putin and Zelenskyy, aiming to negotiate an end to the Ukraine conflict.

• This follows Trump’s recent meeting with Putin in Alaska, and Monday’s gathering at the White House with Zelenskyy and European leaders.

• A potential peace deal could boost global risk appetite and have a positive impact on BTC and other risk assets.

💰 Institutional Moves: BTC Buying Continues Despite Dip

• Metaplanet and Strategy added a combined 1,185 BTC on Monday, taking advantage of the lower prices.

• This shows continued confidence from corporate treasuries in Bitcoin’s long-term value—even in short-term weakness.

📉 Market Outlook & Price Forecast

• BTC is down ~6% from its record high, currently trading below the key 50-day EMA ($115,046) and an ascending trendline dating back to April.

• Near-term support: $111,980 (if price closes below the 50-day EMA)

• Resistance: $120,000 (if BTC holds above $116,000 and regains momentum)

🔍 Analysts at QCP Capital expect BTC to trade sideways, with:

• Buyers stepping in near $112,000

• Selling pressure emerging around $120,000

• Market direction may stay muted until Fed Chair Powell’s speech on Friday

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💡 The Bigger Picture:

Bitcoin remains in a consolidation phase, caught between geopolitical hope and macro uncertainty. Smart money continues to accumulate on dips — a sign that long-term conviction remains strong.

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