BTC Stays Resilient as Geopolitical Turmoil and Trade Frictions Intensify

Bitcoin Hovers Near $105K as Traders Weigh Middle East Escalation and Global Trade Uncertainty

Bitcoin remained under mild pressure Friday, trading around $105,100 after briefly dipping below the psychologically important $105,000 mark during overnight hours. The move came as markets continued to grapple with rising geopolitical tensions in the Middle East and renewed anxieties over trade disputes involving the U.S.

The price of BTC moved within a relatively narrow range, fluctuating between $104,182 and $106,272 over the past 24 hours. The most significant volatility occurred during Asian trading, where a sharp drop toward $104,182 triggered high-volume dip buying. More than 15,000 BTC were exchanged during that bounce, signaling strong interest at local lows.

Market sentiment remains cautious but not panicked. The combination of the Israel-Iran conflict and fears of a broader trade war has disrupted risk appetite, contributing to over $1.1 billion in liquidations earlier this week. Despite this, Bitcoin has held relatively steady, continuing to post higher lows and defending its short-term trendline.

Resistance remains firm around $106,200, where repeated attempts to break higher have stalled on profit-taking. Meanwhile, $105,000 has become a key battleground level, with buyers consistently stepping in near that zone. Analysts note that this price action points to ongoing accumulation, even as short-term macro uncertainty persists.

If support at $104,950 holds, Bitcoin could attempt another breakout toward the top of its range. However, traders appear content to wait for clearer direction, keeping price contained in a sideways consolidation pattern for now.

Key Technical Insights:

Daily range: $104,182 – $106,272
Volume spike: 15,342 BTC exchanged on the bounce from $104,182
Short-term resistance: $106,200
Support levels: $105,000 and $104,950 remain critical for near-term structure
Trend bias: Still favoring bulls, with higher lows intact
Recent action: Price hovered between $104,875 and $105,202 in the past hour
Momentum check: Minor exhaustion on 15-minute candles, but no breakdown confirmed
Volume footprint: Accumulation patterns suggest longer-term positioning may be underway

With both geopolitical stress and economic uncertainty influencing sentiment, Bitcoin appears to be navigating a tightrope—resisting deeper downside, yet struggling to regain upside momentum. Traders are watching for a break from the current range to signal the next major move.