⚔️ Bitcoin Golden Cross Nears — But Global Tensions Cloud th
koinmilyoner
Updated at: 8 hours ago
{"content":"⚔️ Bitcoin Golden Cross Nears — But Global Tensions Cloud the Breakout
According to its 24-hour price action, Bitcoin is still striving to restore short-term positive momentum. After temporarily falling below $104,500, the Bitcoin rose over $106,000, and technical analysis reveals a configuration that might start a longer rise.
The Tenkan, or conversion line, is an interesting Ichimoku indicator for short-term trend strength. According to the expert, Bitcoin's daily chart is setting up for a golden cross, when the shorter-term average overtakes the longer-term one, indicating a long-term positive move. A verified crossing would be one of the most dependable technical trading trend-reversal patterns.
Bitcoin's price is stabilizing around $105,000. If this golden cross succeeds, Bitcoin may try again for $111,600, the critical resistance level. However, geopolitical volatility, particularly Middle East tensions, might upset this technical picture and change the optimistic perspective.
Support and Whale Activity Conflict With Bullish Setup
Despite Bitcoin's positive technical background, other market signs caution. Analyst Ali Martinez highlighted $104,124 as a key Bitcoin support level. UTXO realized prices are concentrated at this price threshold, making it not random.
That milestone attracted many investors, and if Bitcoin goes below it, it might reach $97,405 next. The URPD chart shows a limited safety net between $104,000 and $97,000. Due to minimal purchasing interest in that gap, a quick and sharp correction might follow a $104,000 loss.
The actions of huge Bitcoin holders complicate matters. On-chain data suggests that some of the largest whales, addresses owning over 1,000 BTC, have reduced their holdings in recent days. The whale wallet count started to fall after Bitcoin achieved its all-time high of $111,800 on May 22. After Bitcoin was rejected at $110,000 early last week, whale count dropped again.
#TrumpBTCTreasury #TrumpTariffs #MarketRebound #IsraelIranConflict #CryptoRoundTableRemarks $BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/15/1ff3eb6d50e54cd98a96960e0cccbcc2.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}