If Bitcoin is selling for war fears, he does not understand, says the coverage fund manager



Bitcoin (BTC)

It joined above $ 102,000 after falling briefly below $ 101,000 in a volatile session marked by an unusually heavy trade, according to the technical analysis model of Coindesk Research.

Market participants quickly reacted to the fall, which pushed BTC near the bottom of their one -month negotiation range.

The investment gained impulse as the volume accelerated, which led to a strong rebound. The measure coincided with a very written publication of James Lavish, a managing partner of the Bitcoin Opportunities Fund, who wrote in X: “If Bitcoin is selling due to the possibility that the world goes to war, he has no idea of ​​what he possesses.”

The $ 100K – $ 110K range has contained the price movement for almost a month. The metrics in the chain suggest a balanced market without an excessive gain taking or aggressive accumulation, while derivative data indicate a cautious feeling with a continuous demand for downward protection.

TECHNICAL ANALYSIS

  • A midnight thrust lifted BTC above $ 102,800 with a negotiation volume at 17,906 BTC.
  • Between 05:57 and 06:00, BTC rose from $ 102,767 to $ 102,912, with the support of volume peaks more than 150 BTC per minute.
  • The maximum recovery period volume reached 184.24 BTC, helping the driving price at $ 102,990.
  • Consolidation at minute level around $ 102,680– $ 102,720 preceded the rupture.
  • A higher support level began to form about $ 102,870 as volatility decreased.

Discharge of responsibility: Parts of this article were generated with the assistance of artificial intelligence tools and reviewed by our editorial team to guarantee the precision and compliance with Our standards. For more information, see Coindesk’s complete policy.



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