BTC Technical Analysis
Since April 2025, Bitcoin has successfully maintained its upward trend step by step, despite ongoing geopolitical tensions and market turbulence. Notably, last night’s Israeli airstrike on Iran triggered a general wave of selling across markets, and a brief panic sell-off was also observed on the BTC side. Just a few days prior, political tensions between Trump and Elon Musk had again sparked volatile price movements in BTC.
Nevertheless, Bitcoin’s technical structure remains solid in the face of these negative developments. With last night’s decline, the price fell to the key ascending channel support at $101,589, where it encountered strong buying interest. As a result, BTC tested both the trend support and the horizontal support at $103,068 and managed to hold above them.
BTC is currently trading at around $104,950. In the short term, the first resistance level is the $107,353 zone. If this level is breached, the $111,800 peak could be the next technical target. A breakout with strong volume could set the stage for a new ATH attempt.
Downside risks have not been entirely eliminated. As long as the trend support zone between $101,500 and $103,000 holds, the technical outlook will remain positive. However, if we see a close below this band, the next levels to monitor as successive support zones are $97,391, $95,745, and $91,268.
