Bitcoin Price: $105K & Geopolitical Impact
- bitcoin (BTC) is showing resilience, consolidating above $105,000 for a second week, despite low volatility.
- Market sentiment improved after President Trump delayed a decision on direct U.S.
- This week, cryptocurrencies demonstrated strength amid geopolitical uncertainty.
Bitcoin (BTC) demonstrates stability, holding above $105,000 despite low market volatility. This week’s performance showcases Bitcoin’s resilience amid ongoing geopolitical uncertainty, especially following President Trump’s delay in making a decision on the Israel-Iran conflict. The U.S. Senate’s passage of the Genius act, coupled wiht sustained institutional interest, signals increased confidence. U.S. Bitcoin ETFs saw consistent inflows, and the number of Bitcoin “whales” is up. The 50-day SMA provides crucial support. Stay informed with News Directory 3 for complete market insights. With the Genius Act perhaps boosting stablecoin usage, discover what’s next for the primary_keyword and the secondary_keyword.
Bitcoin (BTC) Consolidates Above $105K Amid Market Optimism
Updated June 21, 2025
bitcoin (BTC) is showing resilience, consolidating above $105,000 for a second week, despite low volatility. The cryptocurrency Fear and Greed index has shifted from “Greed” to “Neutral,” currently at 54, reflecting the sideways price movement.
Market sentiment improved after President Trump delayed a decision on direct U.S. involvement in the Israel-Iran conflict, easing immediate concerns. While U.S. futures indicate a positive opening and safe-haven assets decline, Bitcoin’s price remains relatively stable.
This week, cryptocurrencies demonstrated strength amid geopolitical uncertainty. Trump’s two-week timeline for a decision on U.S. intervention leaves the market in a state of watchfulness. Escalating tensions or U.S. involvement could trigger a sharp correction in the cryptocurrency market.
Jerome Powell, Federal Reserve chair, indicated earlier in the week that a critically important rise in inflation is anticipated due to Trump’s trade tariffs. Though, this hawkish stance had little impact on Bitcoin and other cryptocurrencies.
In a positive development, the U.S. Senate passed the Genius Act with a strong 68-30 vote. This legislation aims to regulate stablecoins and establish standards for stablecoin issuers. The Act is expected to provide clarity and boost confidence in stablecoin usage, perhaps leading to wider adoption and growth in the digital payments sector.
Institutional demand for Bitcoin remains robust. U.S. Bitcoin ETFs have recorded inflows for eight consecutive days, totaling $2.4 billion. Over the past month, net flows into Bitcoin ETFs have increased by 128,000 BTC, marking the largest institutional accumulation as early 2024.
The number of large Bitcoin holders, or “whales,” has increased over the past 10 days, with 231 new whale wallets created. Whale deposits surged from $2.3 billion to $4.59 billion in a single day, suggesting increased confidence among high-net-worth individuals who appear to be positioning themselves for a potential price increase.
After reaching an all-time high of $111,900 a month ago, Bitcoin has experienced a series of lower highs. However, the 50-day Simple Moving Average (SMA) has provided strong dynamic support, tested on multiple occasions. The Relative Strength Index (RSI) is slightly above 50, while the Moving Average Convergence Divergence (MACD) indicator favors a bearish outlook.
What’s next
If sellers break below the 50 SMA, the $100,000 level could become a key target. Conversely, if buyers defend the 50 SMA, a move toward $110,000 is possible. The Genius Act and continued institutional interest may provide tailwinds for Bitcoin (BTC) in the near term.