4 hours ago
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TLDR:
- Bitcoin dropped from $108.9K to $106.6K, signaling increased selling near resistance.
- Volume surged 47% as BTC tested key $106K support with pressure building below the trendline.
- Past war events like Crimea and the Red Sea saw BTC rebound 15–60% after short-term dips.
- Analysts see $104.8K as the next key level if $106K fails to hold under rising liquidation pressure
Bitcoin (BTC) has entered a cooling phase after a recent rally, drawing attention to historical patterns of short-term dips during geopolitical conflicts.
Current data shows a mild price decline, yet past events suggest that temporary pullbacks often lead to stronger rebounds. Market watchers are now closely tracking the $106,000 level, which may determine the next direction.
Increased liquidation activity and rising volume are also shaping the sentiment around Bitcoin’s price movement. The situation remains fluid, with analysts weighing short-term bearish signals against historical recovery trends.
Bitcoin Price Slips as Sellers Enter Key Zone
BTC dropped from a local high of $108,900 to about $106,600, signaling a shift in market momentum.
According to IT_Tech_PL’s chart, a confirmed sell signal is highlighted at the $108.9K mark. The SuperTrend indicator flipped red, showing that short-term bulls have lost control.
A key resistance zone sits between $107,500 and $108,200. Meanwhile, support has formed between $106,000 and $105,200, with another demand pocket near $104,800. Market sentiment has turned cautious, as BTC now trades below a major trendline.
According to crypto researcher Ted Pillows, Bitcoin typically dips during armed conflicts but later rebounds sharply. He cited the Crimea annexation, US–Iran tensions, and the Ukraine war as examples. In each case, BTC faced a brief sell-off followed by a strong recovery within weeks or months.
$BTC often dips short-term during war, but historically rebounds stronger. ✳️
Especially if the event doesn't severely impact global liquidity:
🔻 Crimea Annexation (2014)
– Dip: -30% (from ~$650 to ~$450)
– Bounce: +60% (to ~$730 within 2 months)
🔻 US–Iran Tensions (Jan… pic.twitter.com/Xc0xZScDx9
— Ted (@TedPillows) June 17, 2025
The most recent example came during the Israel–Hamas conflict in October 2023. Bitcoin fell 7% to $27,800 but recovered 22% to $34,000 within a month. Similar price action occurred during the Red Sea tensions, where BTC dipped 6% before bouncing 15% by February.
Short-Term Trend Shifts as Bitcoin Volume Spikes
Market data from CoinGecko shows Bitcoin trading at $106,248, down 0.64% in 24 hours. Despite the drop, trading volume surged by over 47% compared to the previous day. This rise in activity suggests increased market interest as BTC approaches key support levels.
Bitcoin price on CoinGeckoTraders are closely watching $105,200 as a crucial level. A breakdown below could open the path toward $104,800. On the flip side, reclaiming $107,200 may allow bulls to regain short-term control.
Technical analyst IT_Tech_PL noted the need for Bitcoin to hold above $106,000. Failing to do so may confirm a trend breakdown and bring more downside. Bulls are trying to defend the area, but pressure is building from overhead resistance zones.
Bitcoin broke down from $108.9K and is now trading around $106.6K.
The strong uptrend has cooled, and sellers have stepped in near a major resistance level. Can bulls defend the $106K shelf?
Full liquidation and trend breakdown below 👇
📊 Bitcoin (BTC/USDT) Liquidation &… https://t.co/RauqtE5Yqe pic.twitter.com/4nE9chXZXT
— IT Tech (@IT_Tech_PL) June 17, 2025
So far, the trend remains vulnerable, but the structure is not yet broken. Bitcoin’s next move will likely depend on whether demand holds at the current volume shelf or collapses under mounting sell pressure.
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