Bitcoin (BTC)
BTC$105,870.07
It owns more than $105,000 after recovering from the sharp decline caused by escalating tensions in the Middle East. The major cryptocurrency fell below $104,000 after Israel attacked Iran, but quickly regained the lost ground and is trading at $105,590, up 0.15% over the past 24 hours.
The rapid rebound of Bitcoin suggests underlying strength, making it possible to see large purchases during DIP. Analysts point to the $104,000-$105,000 range as a key zone of support as price action continues to grind upwards. Sentiment remains cautious and reflected in the trader’s trust pullback, but structurally, Bitcoin’s trends remain the same.
Beyond short-term volatility, Bitcoin continues to capture the imagination of younger investors. In a recent episode of Unchained Podcast, Jeff Park, head of Alpha Strategies at Bitwise Asset Management, explained how Bitcoin’s appeal exceeds traditional financial goals.
According to the park, many young people no longer aim to own suburban homes or pursue White Pickett’s ideals. Instead, they focus on becoming “wholecoiners” who own at least one full Bitcoin, as a new form of prestige and long-term security. For some, the goal goes beyond personal wealth to securing a financial legacy across generations, reflecting the general meme of “retiring your pedigree.”
Park added that the global non-political nature of Bitcoin is at the heart of this shift. It provides a shared value system and allows people around the world to “opt-out” systems they no longer trust. That sentiment promotes cultural pivots. Bitcoin is no longer just a hedge or speculative asset, but for many it has become a social signal of economic independence and self-strength.
With BTC over $105,000 and a macrocatalyst looming, the contrast between short-term fear and long-term beliefs is rarely sharp.
Technical Analysis Highlights
- According to Coindesk Research’s technical analysis model, BTC rose by 0.15%, nearly $105,590 between $104,480.15 and $105,696.12.
- A massive accumulation between 16:00 and 20:00 GMT windows has given us greater support in the $104,400 to $104,500 zones.
- A bullish reversal continued at 9:00pm, driving BTC over $105,000 with a strong volume.
- The consolidation suggests a further rise to $106,000 until demand continues.
Disclaimer: Part of this article is generated with the support of AI tools and reviewed by the editorial team to ensure accuracy and compliance Our standards. For more information, please refer Coindesk’s complete AI policy.
