Bitcoin (BTC) rebounded sharply above $102,000 after briefly dipping below $101,000 during a volatile trading session marked by unusually high volume, according to CoinDesk Research’s technical analysis.
The quick recovery occurred after BTC approached the lower boundary of its month-long trading range between $100,000 and $110,000. Trading volume increased substantially, supporting the strong price bounce.
James Lavish, Managing Partner of the Bitcoin Opportunity Fund, commented on social media platform X, stating, “If you are selling Bitcoin because of the possibility of the world going to war, you have absolutely no idea what you own.” His remarks highlighted confidence in Bitcoin’s resilience amid geopolitical uncertainty.
On-chain data show a balanced market with neither excessive profit-taking nor strong accumulation, while derivatives markets reflect cautious sentiment and continued demand for downside protection.
Technical analysis highlights:
- Midnight trading pushed BTC above $102,800 with volume peaking at 17,906 BTC.
- Between 05:57 and 06:00, BTC rose from $102,767 to $102,912, supported by rapid volume spikes exceeding 150 BTC per minute.
- Peak volume during recovery reached 184.24 BTC, driving price toward $102,990.
- Brief consolidation occurred around $102,680–$102,720 before the breakout.
- A higher support level formed near $102,870 as volatility subsided.
Disclaimer: Portions of this article were AI-assisted and reviewed by the editorial team to maintain accuracy and standards. For details, see CoinDesk’s full AI Policy.