Bitcoin is currently trading at a level of $105,500 with a slight decline of about 2% since the opening today, amidst rising geopolitical tensions in the Middle East that have cast a shadow over the cryptocurrency market. The recent price movement of Bitcoin shows fluctuations between strong support areas at $105,000 and resistance close to $110,000, within what analysts consider a natural correction after the strong gains achieved in recent weeks. Technical analyses indicate the formation of a classic 'cup and handle' pattern, which opens the door for a potential rise towards levels exceeding $150,000 in the event of a clear breakout of nearby resistances.
On the other hand, the current decline has not caused panic among institutional investors, but rather has been seen as a new opportunity to enter at appropriate levels, especially in light of ongoing support from the increasingly clear new regulatory environment in the United States. Some cautious voices still warn of Bitcoin's sharp volatility and question its status as a safe haven like gold, especially during major crises.
Despite the varying viewpoints, the overall trend remains positive in the medium term, supported by investor confidence and an increase in institutional and technological adoption. Bitcoin has not lost its momentum yet; rather, it is undergoing a phase of accumulation and relative stability in preparation for a stronger movement. Developments in the coming hours, whether geopolitical or economic...
