BTC Climbs Above $102K Following Sell-Off Driven by War Concerns

Bitcoin Recovers Above $102K After Sharp Dip; James Lavish Slams Panic Sellers

Bitcoin rebounded above $102,000 early Saturday after briefly dipping below $101,000 amid heightened geopolitical tensions. The sharp recovery came on the back of strong buying activity and increased trading volume.

CoinDesk Research’s technical model showed BTC touched a session low near $101K before bouncing sharply. The move brought Bitcoin to the lower boundary of its month-long range before traders stepped in aggressively, triggering a swift reversal.

The rebound gained momentum shortly after a post by James Lavish, Managing Partner at the Bitcoin Opportunity Fund, who commented on X:
“If you are selling Bitcoin because of the possibility of the world going to war, you have absolutely no idea what you own.”
His statement echoed rising sentiment that Bitcoin’s role as a macro hedge may be misunderstood during global crises.

Bitcoin has been range-bound between $100K and $110K for the past month. On-chain data signals a neutral sentiment, with no clear signs of accumulation or profit-taking. Meanwhile, derivatives markets reflect caution, with continued demand for downside protection.

Key Technical Insights:

A midnight rebound pushed BTC to $102,800, accompanied by a volume spike to 17,906 BTC.
Between 05:57 and 06:00, BTC rose from $102,767 to $102,912, with sustained activity above 150 BTC per minute.
The strongest push occurred with 184.24 BTC traded in one minute, lifting prices toward $102,990.
Before the breakout, BTC consolidated between $102,680 and $102,720.
A short-term support zone is emerging near $102,870 as volatility cools.