bitcoin continues to trade above the critical $105,000 level despite ongoing Middle East tensions, signaling resilience in the crypto ecosystem.
This stability comes amid a week of strong inflows into spot bitcoin ETFs, boosting prospects for a rally toward $110,000.
Analysts remain bullish on ’s 2025 trajectory, expecting a surge from $140,000 up to $270,000.
The geopolitical situation has not triggered widespread panic among investors; US-based spot bitcoin ETF inflows reached $86.3 million on Thursday and $301.7 million on Friday, pushing weekly totals to $1.37 billion.
indicators suggest is consolidating just below its all-time high without triggering major sell signals. CoinGlass’s monitored “bull peak” indicators show no signs of bearish reversal during this phase.
Popular trader Cas Abbe projects a target between $135,000 and $230,000 for this cycle, emphasizing strong upward potential.
bitcoin’s action reveals support at the 50-day simple moving average ($103,604), but upward momentum faces resistance near the 20-day exponential moving average ($106,028).
The daily chart shows indecision with a Doji pattern forming on the weekly timeframe, indicating uncertainty but also underlying bullish sentiment.
If bitcoin can break above the 20-day EMA, it could push toward the $110,500–$111,980 zone; a sustained move above that could even challenge the $130,000 mark.
Conversely, a break below support at the 50-day SMA might lead to a decline toward $93,000 or lower.
Short-term traders are watching the 4-hour chart closely. Sellers are defending the $104,000 level as buyers aim to push above the 50-SMA for higher targets.
A drop below key support could see BTC dip to around $102,664 or even retest the psychological $100K level.
In altcoin markets, HYPE (Hyperliquid) is struggling to stay above $42.50 as bears attempt to cap further gains.
The daily chart shows an uptrend in the 20-day EMA ($36.96), yet RSI divergence indicates momentum slowing down—highlighting caution for traders.
A close above $44 could trigger a rally toward $50; failure to hold support might deepen corrections to $32.50 or lower.
The four-hour chart reflects buyers supporting dips at the 50-SMA, suggesting short-term bullishness despite slight pressure at resistance levels.
Altcoins like BCH, AAVE, and OKB are also eyeing higher prices if bitcoin maintains its current strength and range-bound movement.
Overall, bitcoin's ability to hold above key support levels amidst geopolitical turmoil underscores investor confidence and positive fundamentals in 2024. As inflows into ETFs persist and technical signals remain cautiously optimistic, both bitcoin and select altcoins could experience notable upward movements in the coming weeks.
