Bitcoin shows potential for a price rally following geopolitical de-escalation between Iran and Israel and dovish signals from the Federal Reserve. Analysts identify key technical levels as traders position for possible upward momentum.
Critical support for BTC is established near $102,500, with initial resistance observed around $106,000. Market volatility was highlighted when a drop below $101,000 triggered a $31.72 million long position liquidation.
Investment firm AguilaTrades has reduced its Bitcoin exposure amid current market conditions. Market participants are advised to monitor Federal Reserve communications closely as monetary policy direction remains a key catalyst for BTC price movements.
The combination of reduced geopolitical risk and accommodative central bank policies suggests favorable conditions for Bitcoin’s near-term trajectory. Traders remain cautious given ongoing market fluctuations and position adjustments within the institutional space.