Bitcoin Holds Above $100K Despite Geopolitical Tensions

Bitcoin has demonstrated remarkable resilience in the face of escalating geopolitical tensions and broader macroeconomic instability. Despite the recent military strike by Israel against Iran and subsequent retaliations, Bitcoin has managed to hold firm above its previous all-time high (ATH). This resilience is particularly noteworthy given the heightened volatility and stalled bullish momentum across major risk assets.

After briefly reaching the $112,000 ATH last week, Bitcoin has since retraced but remains above a crucial support zone. According to a recent technical analysis by top analyst Jelle, Bitcoin’s previous ATH level is still holding as support, providing a key psychological and structural anchor for bulls. This support zone is essential to maintain in order to preserve the larger uptrend structure and potentially prepare for another attempt at price discovery.

Investors are now focusing on macro catalysts such as oil prices, bond yields, and central bank policy expectations, which continue to influence liquidity flows across markets. For Bitcoin, holding current levels may serve as a foundation for a stronger move once external pressures ease and market conditions stabilize.

Bitcoin has entered a consolidation phase following a powerful move from the $74,000 level to its ATH of $112,000. This sharp rally, which unfolded over a matter of weeks, has now paused as traders and institutional investors assess the growing complexity of the macro environment. From surging US Treasury yields and sticky inflation to escalating geopolitical tensions—the current backdrop presents significant headwinds for risk assets like Bitcoin.

Despite this turbulence, Bitcoin has shown notable strength by holding above critical support levels. Jelle noted that BTC closed the previous daily candle solidly, even as global markets were rattled by fresh waves of uncertainty. His conclusion was clear: “Bitcoin wants higher.”

While the short-term picture is clouded by caution, many remain optimistic about Bitcoin’s next move. Some forecasts suggest BTC could break above its $112K high within the coming weeks, especially if macro conditions—like easing yields or diplomatic progress in the Middle East—offer relief to investors.

The next few weeks will be pivotal. A clean break above the ATH could ignite a new phase of price discovery, while a failure to hold current support may trigger deeper pullbacks. For now, consolidation above $100K keeps the bullish structure intact.

Bitcoin’s weekly chart reflects a phase of consolidation just below the $112,000 ATH, following a sharp rally from sub-$75K levels. After multiple tests of the $109,300 resistance zone, BTC continues to hold above the previous ATH range, with current support around $103,600 holding firm for now. This behavior signals that bulls remain in control despite recent geopolitical and macroeconomic stress.

The Bollinger Bands are tightening after a period of expansion, often a signal of upcoming volatility. The price action remains comfortably above the midline of the bands and all key moving averages (50, 100, and 200-week SMA), indicating sustained bullish momentum over the medium term.

What stands out is the resilience of BTC in the face of global headwinds. Even with increased volatility due to the Israel-Iran conflict and sticky US inflation fears, Bitcoin’s weekly closes remain constructive. As long as BTC continues to print higher lows and defend the $103,600–$105,000 support zone, the path toward a breakout into price discovery remains valid.

A clean weekly close above $109,300 would be a significant bullish trigger, potentially targeting the $120K–$125K zone in the near term. Until then, consolidation within this range remains the dominant structure.