Bitcoin continues to trade above the $105,000 mark despite heightened geopolitical risks in the Middle East, demonstrating notable resilience and reinforcing its perceived status as a safe-haven asset.
Institutional confidence remains strong, with spot Bitcoin exchange-traded funds (ETFs) recording substantial inflows totaling $1.37 billion over the past week.
While Bitcoin’s weekly Doji candlestick pattern reflects current market indecision, expert forecasting models project a potential price range between $140,000 and $270,000 for the cryptocurrency in the coming year.
Several altcoins exhibit technical setups suggesting possible gains should Bitcoin maintain its momentum. Key levels to watch include:
– Hyperliquid (HYPE) facing resistance near $42.50
– Bitcoin Cash (BCH) testing resistance at $462
– Aave (AAVE) establishing support around $285
– OKB holding critical support at $49
Market analysts indicate that sustained stability in Bitcoin could catalyze upward movements across these alternative cryptocurrencies.