Bitcoin $105,082.05On June 14, it was traded at $ 105,100 and a decrease of 0.22 percent in the last 24 hours. Market analysts reported that price movements were largely in a narrow range and Bitcoin fluctuated between $ 104.220 and $ 106,135. Particularly during the Asian trading hours, volume purchases and sales were seen, Bitcoin decreased below 104.200 dollars for a short time and then recovered quickly.
Effect of Geopolitical Developments on Markets
It is stated that developments in the Middle East are effective in recent price fluctuations. Mobility in the crypto currency market increased with the concern that the conflict between Israel and Iran may have effects outside the region. In addition, the tension between the US and some trade partners adversely affects the risk appetite. During the first hours of the news, a total of $ 1.1 billion in the global crypto currency market was recorded.
“It is observed that Bitcoin tends to recover despite the liquidations. he said.
Technical view and trading dynamics
In the medium term, investors remain optimism, despite short -term decreases, Bitcoin continues to create higher levels of bottom. It is stated that many investors are directed to profit realization when approached 106,000 dollars, and the level of $ 105,000 stands out as support. It is noted that the volume of transaction increases at this level where purchases accelerate.
In the last 24 hours, Bitcoin’s transaction range was recorded as 2,090 dollars. In the recovery, a high transaction volume of 15,342 Bitcolik drew attention. The resistance level of around 106.200 dollars is tested due to profit sales.
Technical Analysis Specialist, “Rising bottom levels continue to tend to tend and the protection of the psychological support point of 105,000 dollars is important. In the short term, sagging remains for a short time.” in the form of opinion.
Bitcoin’s price in the last hours, 104,875 and 105.202 dollars fluctuated. The price of $ 105,000 at 07:19 was observed as resistance in the nearby term of $ 105.200. When we look at the transaction volumes, it is considered that the purchase is re -purchased in price decreases.
Experts propose close follow -up of news flow and technical levels. As long as it protects the price support zone, it is emphasized that market participants are resistant to fluctuations. However, investors, geopolitical developments and global trade relations due to the uneasiness of developments said.
Although Bitcoin flucts due to short -term news, it is reported that it points to a wider consolidation process in the medium term. If the support of around 104,950 dollars is maintained, it is thought that it may be attempt to go over 106.200 dollars again in the coming days. In this process, it is seen that market players are sensitive to basic and technical developments. Crypto asset markets continue to determine direction with the simultaneous effect of geopolitical and economic developments.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
