Bitcoin Consolidates in $97K–$112K Range after Geopolitical Sell-Off
Bitcoin slipped below $103,000 following heightened Middle East tensions and hawkish Fed remarks, triggering a spike in volatility as traders sought safe-haven assets. Trading volume jumped over 20% amid the sell-off. Since then, Bitcoin has entered a tight consolidation between $97,000 and $112,000, with the $112,000 level emerging as a critical resistance. Technical indicators—including volume trends and momentum oscillators—are being closely watched for early breakout signals. Despite a pause in fresh institutional inflows, long-term advocates like Michael Saylor continue to underline Bitcoin’s scarcity and digital gold narrative. Near-term volatility may persist if global uncertainties deepen, but strong on-chain metrics and institutional adoption support Bitcoin’s fundamentals. Traders should monitor volume, momentum, and macro or regulatory developments to gauge whether Bitcoin will break out to the upside or extend its consolidation.
Neutral
The news highlights a transition from a sharp sell-off into a well-defined consolidation range. In the short term, rising geopolitical risks and Fed hawkishness have driven volatility, making a decisive breakout or breakdown possible. Over the medium term, the lack of new institutional inflows may cap aggressive upside moves, while strong on-chain metrics and continued digital gold narratives support bullish fundamentals. This mix of technical uncertainty and solid long-term drivers suggests a neutral impact on Bitcoin’s price until a clear breakout or breakdown occurs.