Bitcoin (BTC)
Holding over $ 105,000 after recovering from a sharp downturn triggered by escalating tensions in the Middle East. The leading cryptocurrency fell below $ 104,000 after Israel’s strike on Iran, but quickly regained Lost Ground, which now traded at $ 105,590, an increase of 0.15% in the last 24 hours.
Bitcoin’s Swift Rebound suggests underlying strength, with high volume buy visible during dip. Analysts point to the range $ 104,000- $ 105,000 as an important support zone as the price action continues to grind upwards. Sentiment remains cautious – reflected in a withdrawal in the trader confidence – but structurally, Bitcoin’s tendency remains intact.
In addition to the short term volatility, Bitcoin continues to capture the imagination of a younger generation of investors. In a recent episode of the uncasted podcast, Jeff Park, head of Alfa strategies at Bitwise Asset Management, described how Bitcoin’s appeal is increasingly exceeding traditional economic goals.
According to Park, many younger people no longer strive to own suburban homes or pursue the white-picket fence ideal. Instead, they are focused on becoming “wholes”-who owns at least one full bitcoin-as a new form of prestige and long-term security. For some, the goal even extends beyond personal wealth to secure an economic inheritance across generations, reflecting the popular meme with “withdrawing your bloodline.”
Park added that Bitcoin’s global, apolitical nature is central to this shift. It offers a common value system that allows people all over the world to “opt out” of systems they no longer trust. This mood burns a cultural turn: Bitcoin is no longer just a hedge or speculatively active, but for many it has become a social signal of economic independence and self -confusion.
Since BTC holds over $ 105K and macrocatalysts weaving, the contrast between short -term fear and long -term conviction has rarely been sharper.
Technical analysis highlights
- BTC traded between $ 104,480.15 and $ 105,696.12 and closed nearly $ 105,590, an increase of 0.15%, according to Coindesk Research’s technical analysis model.
- The support was reinforced in $ 104,400- $ 104,500 zone with high-volume accumulation over the course of 16: 00-20: 00 GMT window.
- A Bullish Reversing followed at
- Consolidation over $ 105,470 suggests further upward potential against $ 106,000, pending sustained demand.
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