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XRP price approaching critical support: a technical analysis deep dive
GameFi Guides

XRP price setting the stage for another bullish rally as $2.80 support holds

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XRP price is maintaining its potential for another leg higher toward $3.60 and possibly $4.19, supported by a robust market structure and rising demand.

Summary

  • $2.80 remains the critical high timeframe support, aligned with the value area high.
  • Bullish market structure holds with higher highs and higher lows intact.
  • Strong bull volume inflows sustain momentum and point to further upside.

XRP has corrected into the $2.80 high-timeframe support zone, a critical level that has repeatedly acted as a strong demand base. Despite this retrace, the bullish structure remains intact with higher lows and strong volume inflows.

Key technical points

  • $2.80 High-Timeframe Support: Confluence of value area high and prior retests, confirming strong structural demand.
  • Bullish Structure Intact: Higher highs and higher lows remain in place despite intraday corrections.
  • Volume Profile Strength: Sustained buy-side inflows support the probability of a continued rally.

XRPUSDT (1D) Chart, Source: TradingView

XRP’s price action has retraced into the $2.80 support, a region that has been tested multiple times and continues to act as a foundation for bullish momentum. This level is aligned with the value area high, a region where volume has consistently built, signaling strong demand. Holding above this level is critical for XRP to preserve its bullish momentum and sustain its broader uptrend.

From a market structure perspective, XRP remains intact with consecutive higher highs and higher lows. The pullback to $2.80 has not damaged the larger trend, but rather reinforces it as a healthy retest. These retests of major supports confirm the presence of buyers and strengthen the probability of upward continuation. A strong defense of this zone will likely set up XRP for a fresh rally back toward its all-time high of $3.60.

In addition to structural integrity, Fibonacci levels add another layer of confluence. The $2.80 region coincides with the 0.618 retracement zone, a level often associated with strong bullish reversals. Historically, XRP has reacted positively at this level during bullish trends, increasing the likelihood of another expansion higher if bulls hold the line.

The volume profile further strengthens the bullish case. Data shows a steady influx of buy-side pressure, indicating market demand is still strong even during corrective phases. Such volume dynamics often precede larger impulsive moves, as accumulation periods resolve with expansions higher. A break back above $3.60, backed by strong volume, could accelerate XRP toward the $4.19 Fibonacci extension target.

What to expect in the coming price action

XRP remains bullish as long as the $2.80 support continues to hold. Multiple retests are healthy and signal demand. With strong volume inflows, XRP is well-positioned for a rally back toward $3.60 and potentially $4.19.



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Dogecoin breaks out, Ripple targets $3, new DeFi coin raises about $1 million
Crypto Trends

Dogecoin correction holds support, setting stage for another bullish rally

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Dogecoin has pulled back after testing $0.28 but is holding firm at $0.22 support. With Fibonacci, VWAP, and structure aligned, a continuation higher remains the dominant scenario.

Summary

  • Dogecoin finds strong support at $0.22 with 0.618 Fibonacci and VWAP confluence.
  • Bullish structure intact with higher highs and higher lows.
  • Sustained bullish volume supports rotation toward $0.32–$0.41.

Dogecoin (Doge) has faced a corrective move after hitting a recent high at $0.28. Despite this pullback, the structure remains bullish as price action finds stability at a strong support zone, suggesting momentum is far from exhausted.

Key technical points

  • Major Support at $0.22: Confluence of 0.618 Fibonacci and VWAP.
  • Resistance Levels: High timeframe targets at $0.32 and $0.41.
  • Volume Profile: Sustained increases indicate ongoing demand.

DOGEUSDT (1D) Chart, Source: TradingView

Dogecoin’s corrective move from the $0.28 high has not undermined its overall bullish structure. Instead, price has retested the $0.22 high time frame support, a region strengthened by confluence between the 0.618 Fibonacci level and the VWAP. This confluence forms a critical demand zone where buyers are stepping in, allowing price to stabilize before making another attempt toward higher resistances. Maintaining this region is essential for Dogecoin to remain bullish on the daily and weekly time frames.

Structurally, DOGE continues to print higher highs and higher lows, maintaining a clear bullish trend on the daily timeframe. The current price action appears to be a consolidation within an uptrend rather than a breakdown. A successful defense of the $0.22 support will mark another higher low and build the foundation for continuation toward the next resistance levels.

Volume also supports this thesis. Despite the price pullback, volume inflows remain elevated, indicating that buyers are absorbing sell pressure. As long as demand remains consistent, the likelihood of reclaiming the value area high continues to increase. A close above this area would signal renewed strength and likely draw in momentum buyers.

Looking ahead, reclaiming $0.28 would shift focus toward the next resistance zones at $0.32 and $0.41. These are high timeframe levels where sellers may become more active. A clean break above them on rising volume could trigger an extended rally, opening the door for Dogecoin to reach new local highs.

What to expect in the coming price action

As long as Dogecoin holds above the $0.22 support level, the broader outlook remains bullish. A reclaim of the $0.28 level, followed by a push toward $0.32 and $0.41, would confirm strength. Sustained volume and structure will be key indicators to watch for in the days ahead.



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Blackrock Bitcoin Etf Now Holds 735,000 Btc Worth $86B
Crypto Trends

BlackRock Bitcoin ETF Now Holds 735,000 BTC Worth $86B

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BlackRock, the world’s largest asset manager with over $11.6 trillion in assets, now controls more than 735,000 Bitcoin worth about $86 billion.

Data from Arkham Intelligence. shows BlackRock’s iShares Bitcoin ETF (IBIT) wallets have received steady transfers, with multiple on-chain transactions of 300 BTC, worth $37 million each recorded in the last couple of days through Coinbase Prime.

Meanwhile, this marks a large jump from March this year when BlackRock was reported to hold 567,000 BTC valued at $47.8 billion.

Blackrock Bitcoin Holding | Source: Arkham

At the same time, BlackRock’s Ethereum ETFs are also growing. Several wallets tied to its ETHA Ethereum ETF recently received 5,900 ETH and multiple 10,000 ETH deposits within two days. These Ethereum transfers are valued at more than $121 million combined. Currently, BlackRock ETH amounts to over $14 billion.

The accumulation puts BlackRock among the largest holders of Bitcoin worldwide, ranking alongside government treasuries and long-time crypto whales in terms of overall scale.

In fact, Blackrock holds more Bitcoin than Strategy which has about 628.946 Bitcoin in its holding worth $54.93 billion.

Strategy’s Bitcoin Holding | Source: Arkham

Moreover, Bitcoin exchange-traded has continued to stand as  the most successful ETF launches in history. So far, it has attracted tens of billions in trading volume since approval in 2024, with Blackrock pumping more liquidity into it. 

Meanwhile, Bitcoin is holding up as it dances between $118k and $117k. Currently, it is trading for $117,789 after experiencing a lovely week as its price surged up to $124k on Aug 14. However, the price is up just a modest 0.34% today as investors retire for the weekend, according to CoinMarketCap.

Also Read: Grayscale Files with SEC for Dogecoin ETF Under Ticker GDOG



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Pompliano'S Firm Holds More Bitcoin Than Gamestop: Can It Catch Up?
GameFi Guides

Pompliano’s Firm Holds More Bitcoin Than GameStop: Can It Catch Up?

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ProCap BTC, the investment firm founded by Anthony Pompliano, has officially passed GameStop in Bitcoin holdings after 2 days of consistent purchases made on June 24 and 25, 2025. Pompliano shared the update himself on X (formerly Twitter), “We now hold more bitcoin than Gamestop. The race is on to acquire as many bitcoin as possible.” 

ProCap Surpasses GameStop in Bitcoin Hodling | Source: X

Earlier today, Pompliano announced that his firm had bought an additional 1,208 BTC at an average price of $105,977 per coin, totaling roughly $128.02 million. This was just a few hours when it added 1,208 more Bitcoin at $105,977 each, costing $128.02 million. That brings the company’s total to 4,932 BTC, now worth over $532 million based on the current market price.

Meanwhile, GameStop started its own Bitcoin journey earlier this year. In May 2025, the company bought 4,710 BTC for about $495 million after raising $1.3 billion back in March to help fund the purchase. Earlier this month, GameStop also announced a $2.25 billion private offering to bring in more cash, with plans to grow its Bitcoin holdings even further. At the moment, Gamestop is just 222 BTC short of ProCap holding. It might not be a lot, but the number is still notable. 

Just days before starting its Bitcoin buying spree. ProCap BTC announced a $1 billion merger with a public company called Columbus Circle Capital Corp. I (CCCM). 

The new company is expected to be called ProCap Financial, Inc., after the merger, and will be listed on the stock market. This will allow everyday investors to get Bitcoin exposure just by buying shares.

Pompliano was able to fund the buy after raising over $750 million, which came from $516.5 million from selling shares and $235 million from convertible notes. These are loans that don’t earn interest but can later be turned into shares. The Bitcoin and funds are being held and managed by U.S. Bank National Trust.

However, the video game retailer has also disclosed in a new filing to the United States Securities and Exchange Commission (SEC) on Tuesday that it has raised another $450 million through sales of follow-up zero-coupon convertible notes. This brings the total funds raised to about $2.7 billion from the offering. 

GameStop said the funds will be used for general business needs and for making investments, which include buying more Bitcoin. Although ProCap has the lead for now, the race is still long, and GameStop could catch up if it starts its own buying spree.

Also Read: Green Minerals and Panther Metals Make First Bitcoin Purchase



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Ethereum-based game Ember Sword shuts down due to lack of funding
NFT Gaming

Ethereum holds the line as ETF inflows slow: Data shows…

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Ethereum price remained inside a tight range this week as inflows into its exchange-traded funds slowed.

Ethereum (ETH) dropped to a low of $2,400 this week as the crypto market crash continued. Its lowest level was down by 16% from its highest level this month, meaning it is in a technical correction.

SoSoValue data shows that spot Ethereum ETFs added $40 million in inflows this week, down from $528 million a week earlier. It was the smallest increase since the week of May 16.

There are two likely reasons for the significant drop in ETF inflows. First, these inflows slowed as investors remained in the sidelines as Bitcoin, Ethereum, and other cryptocurrencies dropped. 

Second, inflows slowed this week because it had four working days in the US. Markets were closed on Thursday, which was Juneteenth, a federal holiday.

On the positive side, Ethereum ETFs have had inflows in the last six consecutive weeks, the longest streak since their approval in September last year. The cumulative ETF inflows is $3.89 billion, bringing the total assets in these funds to $9.6 billion. 

BlackRock’s ETHA ETF had cumulative inflows of $5.28 billion, while Fidelity’s FETH has $1.1 billion.

Ethereum price retreated as its ecosystem metrics deteriorated. For example, the stablecoin transaction volume in Ethereum has dropped by 31% in the last 30 days to $1.2 trillion. 

Ethereum price technical analysis

ETH price chart | Source: crypto.news

The daily chart shows that the Ethereum price has moved sideways since May 10. It has remained inside the support and resistance levels at $2,410 and $2,736. This consolidation is part of the formation of the bullish flag.

This pattern consists of a vertical price increase driven by strong demand and a short-term consolidation. 

The bullish flag occurs between the 50% and 38.2% Fibonacci Retracement levels. It also occurs after the coin rises above the 50-day and 100-day Exponential Moving Averages. 

Therefore, the coin will likely have a strong bullish breakout as long as it remains above the lower side of the flag at $2,400. More gains will be confirmed if the price moves above the upper side of the flag at $2,735. If this happens, the next point to watch will be the psychological point at $3,000.



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NFT Gaming

Bitcoin Holds Ground as Fed’s Waller Calls for July Rate Cut

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In brief

  • Federal Reserve Governor Christopher Waller argued that the Fed should cut rates in July before the labor market “tanks.”
  • The Fed held interest rates steady on Wednesday for a fourth consecutive month.
  • Fed Chair Powell noted that economic uncertainty, amid Trump’s trade war, remains elevated, but that the haze has “diminished.”

The price of Bitcoin was little changed on Friday as U.S. Federal Reserve Governor Christopher Waller argued that the U.S. central bank could start lowering interest rates as early as July.

Bitcoin was recently changing hands at $104,300, flat over the past day and down 0.6% since Israel and Iran began exchanging missile attacks a week ago, according to crypto data provider CoinGecko. Ethereum was flat over the past 24 hours to trade just around $2,500, while Solana ticked up slightly.

With inflation running cooler-than-expected in recent months, Waller argued that the central bank has a green light to begin lowering borrowing costs, despite U.S. Donald Trump’s tariffs, which economists fear could lead to slower economic growth and higher costs for consumers—and Middle East tensions that could fuel higher energy prices.

“I think we’re in the position that we could do this as early as July,” he said on CNBC’s “Squawk Box. “That would be my view, whether the committee would go along with it or not.”



Waller’s comments follow the Fed’s decision to hold rates steady on Wednesday for a fourth meeting in a row, adhering to a wait-and-see approach adopted under Trump’s term. During the conference, Fed Chair Jerome Powell noted that economic uncertainty for the U.S. remains elevated, but has “diminished,” amid twists and turns in the president’s trade policy.

Most policymakers at the Fed are penciling in two quarter-percentage-point rate cuts this year, economic projections released on Wednesday showed. At the same time, a greater number of governors estimated that the central bank would deliver no rate cuts this year, as their median estimates pointed to slightly higher inflation and slower economic growth.

Waller said that the bank should start cutting rates soon “because we don’t want to wait until the job market tanks before we start cutting the policy rate.”

Many economists feel the Fed is in a tough place, where any action will negatively affect progress on its dual mandate: cut rates too soon and inflation could take off again, hold rates elevated for too long and that could hamstring its goal of facilitating full U.S. employment.

“The Fed is caught in a holding pattern due to tariff uncertainty and is waiting for more information,” Grayscale’s Head of Research Zach Pandl told Decrypt. “Taking a step back, the Fed’s projections still point to easing ahead, despite higher expected inflation later this year.”

Fed futures traders penciled in a 14% chance on Friday that the bank would cut rates in July, a decrease from 28% a month ago, according to CME FedWatch. The central bank has held its benchmark rate at a target range of 4.25% to 4.5% since December.

Bitcoin boomed as the Fed lowered interest rates by a full percentage point last year. Although the central bank’s easing came amid the reelection of America’s first “crypto president,” lower interest rates tend to benefit risk assets like stocks and crypto by freeing up liquidity.

The president himself has clashed with the Fed’s reluctance to ease borrowing costs amid his trade war, while also pursuing an immigration crackdown. Prior to the Fed’s decision on Wednesday, the president called Powell “stupid.”

Edited by James Rubin

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Bitcoin Holds $104,000 Support As Market Deleverages Following Fed Decision - Is A Rally Brewing?
NFT Gaming

Bitcoin Holds $104,000 Support As Market Deleverages Following Fed Decision – Is A Rally Brewing?

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Yesterday, the US Federal Reserve (Fed) held interest rates steady for the fourth consecutive time, dampening hopes for a significant rally in risk-on assets like Bitcoin (BTC). However, on-chain indicators suggest that BTC is experiencing strong demand – potentially laying the groundwork for its next move upward.

Bitcoin Sees Strong Demand Despite Steady Interest Rates

According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Bitcoin has established a solid demand zone in the mid-$100,000 range. The analyst suggests this could signal BTC’s readiness for another upward rally.

The following chart – titled Binance BTC Price and Open Interest Change – illustrates how this price area has repeatedly absorbed strong selling pressure, resulting in BTC forming consistent equal lows just above $104,000.

Source: CryptoQuant

In contrast, open interest on Binance has formed a series of lower lows, indicating progressive deleveraging in the derivatives market. Deleveraging typically reduces excess risk and can help build a more stable foundation for sustainable price growth.

Additionally, the $104,000 level has acted as a “liquidation magnet” for late long positions. The following BTC: Binance Liquidation Delta chart shows a sharp concentration of liquidations around this price level.

Source: CryptoQuant

Green delta spikes in the chart represent the forced closure of long positions, suggesting a cleanup of traders who joined the rally late. Minimal short liquidations confirm that the market was dominated by long squeezes.

To explain, a long squeeze occurs when the price of an asset drops sharply, forcing traders holding long positions to sell or get liquidated. This selling pressure pushes the price down even further, often accelerating the decline.

Interestingly, the timing of this market cleanup coincides with the Fed’s decision to pause interest rate hikes. Such a development has typically worked out as a net positive for risk-on assets like BTC. Taha concluded:

Historically, BTC has shown bullish tendencies following rate stabilization, especially when paired with signs of liquidation exhaustion and fading open interest.

BTC Uptrend To Resume Soon?

Multiple on-chain indicators suggest the current BTC pullback may be nearing its end. For example, recent analysis by crypto analyst CryptoGoos points to short-term BTC sellers running out of momentum.

Moreover, signs of retail euphoria remain absent, hinting that the market may still be in an early or mid-stage rally. The Puell Multiple also suggests that BTC has further room to grow.

That said, some cautionary signs remain. Notably, BTC trading volumes across major global exchanges have dropped to multi-year lows, raising concerns that bullish momentum may be weakening. At press time, BTC trades at $104,274, up 0.3% in the past 24 hours.

BTC trades at $104,274 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant and TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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TRUMP vs. FART vs. XYZVerse: Which memecoin currently holds the momentum in 2025?
Crypto Trends

Which memecoin currently holds the momentum in 2025?

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

TRUMP, FART, and XYZVerse dominate 2025’s memecoin surge, each shaping the future of crypto culture in unexpected ways.

In 2025, the memecoin landscape is dominated by three surprising contenders: TRUMP, FART, and XYZVerse. These coins have captured the imagination of investors and enthusiasts alike. Each one claims to be the next big thing in crypto culture. But which of them truly holds the momentum this year? Exploring their journeys might uncover the answer.

Investor frenzy builds as $xyz nears $15m in presale funding

XYZVerse (XYZ), the dynamic new project fusing the energy of sports with the innovation of crypto, is making waves in the memecoin space. Unlike typical hype-driven tokens, XYZVerse sets itself apart with a long-term vision, a clear roadmap, and a passionate community behind it. The project was recently named Best NEW Meme Project, underscoring its rising credibility.

Rising price, clear targets

Since the start of its presale, XYZ has steadily climbed from $0.0001 to $0.003333, with the next price tier set at $0.005. The final presale price will cap at $0.02, before $XYZ launches on major centralized and decentralized exchanges.

A projected listing price of $0.10 signals potentially massive gains, up to 1,000x for early participants, if the market cap continues its strong growth. With over $14 million already raised, the presale is rapidly closing in on the $15 million milestone, reflecting increasing demand from both retail and institutional investors.

Community at the core

XYZVerse isn’t just about holding tokens, it’s about participation. Community members who actively contribute are rewarded with airdropped XYZ tokens, turning supporters into real stakeholders. In this ecosystem, the most committed champions are the ones who reap the biggest rewards.

Built to win

Backed by robust tokenomics, upcoming listings across CEXs and DEXs, and regular token burns, XYZVerse is engineered for long-term success. Every element of the project is crafted to drive price growth and solidify its position in the market.

Airdrops, rewards, and more. Join XYZVerse to unlock all the benefits.

Fartcoin

Source: TradingView

Fartcoin (FART) has experienced mixed performance recently. In the past week, its price dropped by 4.52%, and over the last month, it decreased by 2.67%. However, looking at the bigger picture, FART has surged by 46.72% in the past six months, indicating strong long-term growth.

Currently trading between $0.98 and $1.49, FART is near its 10-day and 100-day simple moving averages of $1.18 and $1.20. The Relative Strength Index stands at 40.42, suggesting the coin is approaching oversold territory. The MACD level of -0.0196 and a Stochastic value of 20.50 point toward a potential bullish reversal. These technical indicators hint that Fartcoin’s price may rise soon.

The nearest resistance level is $1.76, which is about 18% above the current price range. Surpassing this could push the price toward the next resistance at $2. On the downside, support levels are at $0.74 and $0.23, providing a safety net against further declines. Considering recent trends and technical signals, Fartcoin may have significant growth potential in the near future.

OFFICIAL TRUMP

Source: TradingView

OFFICIAL TRUMP (TRUMP) has experienced significant fluctuations recently. In the past week, its price dropped by 10.57%, and over the past month, it decreased by 23.31%. Despite this downward trend, the coin has surged by 154.59% over the last six months, showing strong long-term growth.

The current trading range for TRUMP is between $9.38 and $10.85. The nearest support level is at $8.79; if the price falls below this, it might approach the second support at $7.32. On the upside, the nearest resistance level is $11.73. Breaking through this could lead the price toward the second resistance at $13.20.

Technical indicators provide a mixed outlook. The Relative Strength Index is at 33.77, nearing oversold territory, which could suggest a potential rebound. The Simple Moving Averages over 10 and 100 days are $9.75 and $10.01, respectively, reflecting a slight downward trend. The MACD level is negative at -0.0863, indicating bearish momentum. These factors suggest that while the short-term trend may be downward, there is potential for the price to stabilize or recover based on historical performance.

Conclusion

FART and TRUMP show promise, but XYZVerse leads in 2025. It unites sports fans, merges memes with sports, and targets significant growth.

To learn more about XYZVerse, visit the website, Telegram, and X.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.



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Saylor'S Strategy Adds $1B In Btc As Bitcoin Price Holds Steady
GameFi Guides

Saylor’s Strategy Adds $1B in BTC as Bitcoin Price Holds Steady

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Strategy, the world’s largest corporate holder of Bitcoin, announced that it purchased another $1 billion worth of Bitcoin on Sunday, Sunday, June 15, 2025., amid the tensions in the Middle East, including an Israeli strike on Iranian nuclear sites.

Strategy buys more Bitcoin | Source: X

According to the founder, Micheal Salyor on X, Strategy bought 10,100 Bitcoin at an average price of $104,080 per coin, after Bitcoin dropped from $110,000 to a low of $103,639 during the same week. The software company now has a total Bitcoin stash of around 592,100 BTC. This is worth over $64 billion at the current rate.

This is Strategy’s second purchase this month. It has spent roughly $41.8 billion so far to build this holding, at an average of $70,666 per coin. Moreover, this new buy came just days after the company launched trading of its third Bitcoin-backed preferred stock, STRD, on the Nasdaq. 

According to the announcement, Strategy funded the bulk of the purchase using proceeds from the STRD offering. The 10% Series A Perpetual Stride Preferred Stock was issued at $100 per share, raising around $979.7 million after costs. 

The company also used funds from other share sales, including those from STRK and STRF preferred stock classes. The company used all of this money to buy more Bitcoin.

Strategy’s Bitcoin investment has gone up 19.1% this year. That’s up from 17.1% after its last buy on June 9. The company now hopes to reach a 25% gain by the end of the year. Back in May, Strategy raised this target from its original goal of 15%. For the current quarter, the investment is up 7.4%.

Meanwhile, Metaplanat, another Bitcoin Holding firm based in Japan announced just a few hours before Strategy that it also added 1,112 BTC worth $117.2 million to its holdings, This makes it a total of 10,000 BTC, which is the firm’s target for the year.

Saylor took to X to congratulate Metaplanet for the achievement. “Congratulations to @Gerovich , @DylanLeClair_ , and the entire $MTPLF team and shareholder community” he wrote.

As of the time of writing this report, Bitcoin is holding steady at around $107,700. This is a 2% increase over the last 24 hours, and it is gradually recovering since it hit its all-time high of $111,000 on May 22.

Also Read: Bitcoin Price Targets $168K on Cup-And-Handle Pattern Breakout



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Crypto Trends

Bitcoin Holds Above $106K as U.S. Defense Secretary Threatens to Deploy Marines in LA

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Bitcoin (BTC)

maintained a steady climb Saturday as U.S. domestic tensions intensified.

Markets remained focused on crypto resilience despite unsettling headlines, including an immigration-related standoff in Los Angeles.

According to a report by CNBC, over 100 arrests have been reported as clashes continued between protesters and federal agents, prompting President Trump to authorize the deployment of 2,000 National Guard troops. By Sunday morning, elements of the 79th Infantry Brigade had arrived on-site, according to Northern Command.

Further escalation came with Defense Secretary Pete Hegseth warning that U.S. Marines at Camp Pendleton could also be mobilized if violence persists. Still, Bitcoin’s stability at $106,332 suggests crypto investors remain unfazed, treating the unrest as a regional event rather than a market-moving crisis.

Bitcoin traded within a narrow $1,057 range, from $105,043 to $106,101, and is currently hovering at $106,332. The price action showed a strong rebound after briefly dipping below $105,100, as buying interest re-emerged around the $105,400 support level, according to CoinDesk Research’s technical analysis model.

An early breakout attempt above $106,100 ran into selling pressure, creating a high-volume resistance zone. That move was short-lived as profit-taking set in, though the coin held onto its gains. The consolidation structure remains bullish, with the pattern of higher lows hinting at a potential push toward $107,000 if resistance breaks cleanly.

Despite broader macro headwinds, BTC continues to attract buyers during dips, underscoring its role as a perceived hedge amid rising uncertainty.

Technical Analysis Highlights

  • BTC traded within a $1,288 range (1.22%) between a low of $105,043.65 and a 24-hour high of $106,332.
  • Resistance around $105,900–$106,100 was broken as price surged beyond this zone with strong volume during the early afternoon.
  • Support at $105,400 held firm through several retests, reinforcing bullish sentiment.
  • A breakout to $106,332 occurred around 13:48, followed by minor profit-taking and stabilization above $106,000.
  • The hourly chart shows an ascending trend with consistent higher lows, invalidating the earlier “pump and dump” interpretation.
  • With momentum intact, BTC may test the $107,000 resistance level if current support near $105,800 holds.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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