Bitcoin has shown remarkable resilience despite an increasing geopolitical turmoil. After days of uncertainty fueled by the climbing of conflicts between Israel and Iran, the BTC held the level of crucial support of $ 104,000 and is now growing in a higher price territory. The strength of the price action notes that the bulls remain firmly in control, even though the global markets remain on board.
New data on the cryptocurrency chain show a key trend to support this force: the permanent demand for holders is accelerating. This cohort, often made up of investors and long -term institutions with a strong conviction, plays an essential role in the dynamics of Bitcoin’s offer. Permanent holders are portfolios that accumulate BTC without showing regular sales history. They generally represent the most committed participants in the ecosystem, often continuing to buy and have, regardless of short -term volatility.
With this trend gaining momentum alongside the stable price support, Bitcoin seems well positioned for another step, if wider macro conditions do not derail the bullish configuration. All eyes are now on the resistance levels of $ 109,000 and $ 112,000.
Consolidation strengthens force as permanent holders accumulate
Bitcoin has spent the last weeks in a consolidation phase after a first volatile half of 2025. The year started with a wave of macroeconomic tension following trade rates newly imposed by US President Donald Trump, who disrupted the dynamics of world trade. Shortly after, the increase in yields of the US Treasury reported an increasing systemic risk on the financial markets, creating an uncertainty between the asset classes. More recently, geopolitical fears have intensified while the conflict broke out between Israel and Iran, leading to peaks in oil prices and a large discomfort of the market.
Despite these opposite winds, Bitcoin remained impressive. The asset continued to maintain the critical level of $ 104,000, with bulls defending support and maintenance of upwards. This stability, even in the period of global troubles, underlines the growing confidence of investors and the possibility of a major rise up.
Adding to this prospect, new cryptocizing perspectives show that the permanent demand for holders is accelerating. Permanent holders – portfolios that accumulate bitcoin without showing a coherent sales model – represent a long -term conviction and liquidity of the reduced market. When the request for this cohort increases, it generally signals a strong belief in the future price assessment and has historically preceded large bull races.
This trend of structural demand, combined with Bitcoin’s capacity to the volatility of macro-voltility, suggests that the market is quietly strengthening expansive force. If the geopolitical risks stabilize and the macro-conditions facilitate, the BTC could explode from its current range and retest the $ 112,000 high down, potentially preparing the terrain for the next stage of the cycle.
BTC bulls repel above the mobile key averages
Bitcoin shows renewed signs of strength after rebuilding from the level of critical support of $ 103,600. The 4-hour graph reveals a strong movement above the SMAS 50, 100 and 200 periods, indicating a short-term momentum is recovering in favor of the bulls. BTC is now negotiated at $ 107,057, consolidating just below the resistance of $ 109,300 – an area that has acted as a major ceiling in recent weeks.
The return above the mobile averages, in particular the 200 SMA (red line), suggests that the request resumes. The volume increased during the recent push, validating the attempted rupture. The level of $ 103,600 remains the key support to be monitored on any downward movement, because it has always acted as a launch point for previous rallies.
To confirm a continuation of the upward trend, the BTC must exceed the resistance of $ 109,300 with a solid candle nearby and the Rettester ideally as a support. If they are rejected again, merchants could expect an area from $ 105,000 to $ 106,000, which aligns with the average mobile cluster acting as a support.
Dall-e star image, tradingview graphic
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