Bitcoin Holds Steady Near $105K as Markets Digest Geopolitical Risks and Trade War Jitters

Bitcoin briefly fell below $105,000 overnight before stabilizing, as traders continue to assess the impact of Middle East conflict escalation and mounting global trade tensions. As of Friday evening, BTC was changing hands around $105,100, down just 0.22% over the past 24 hours amid a relatively tight trading range.

The day’s price action saw bitcoin move within a $2,090 band, between $104,182 and $106,272, with the most notable activity occurring during Asian trading hours. A swift drop to the session low of $104,182 was met with strong volume support, triggering a bounce that preserved the broader uptrend.

The ongoing war between Israel and Iran, which some fear could engulf wider parts of the region, has rattled risk assets globally. Simultaneously, renewed tariff threats and trade friction between the U.S. and major economic partners have added pressure to global markets. These dual stressors drove more than $1.1 billion in crypto liquidations earlier in the week, though Bitcoin has shown relative resilience since.

Despite the headlines, technical structure remains constructive, with BTC printing higher lows on the daily chart—a signal that bullish sentiment is cautiously holding. Repeated profit-taking near $106,000 has capped recent rallies, but consistent buying interest near $105,000 continues to offer short-term support.

Analysts say BTC is currently in consolidation mode, with the market waiting for clearer macro signals. If support near $104,950 holds through the weekend, another push above $106,200 could be in play.

Technical Overview:

• 24-hour range: $104,182 – $106,272
• Bounce zone: $104,182 supported by a surge of 15,342 BTC in trading volume
• Resistance: Near $106,200 on repeated profit-taking
• Trendline: Rising pattern of higher lows remains intact
• Support: Psychological level at $105,000 still attracting buyers
• Recent action: BTC fluctuated between $104,875 and $105,202 in the last hour
• Reversal point: A sharp dip below $105K at 07:19 was quickly bought up
• Volume signal: Late-session volume suggests accumulation on minor dips

While macro headlines continue to stir volatility, Bitcoin’s recent price action suggests the market is more focused on range trading and defense of key support levels than outright panic. With both fear and accumulation in play, traders are bracing for the next directional move.