Bitcoin Holds Steady Around $105,000, $100K Dip Less Likely

Bitcoin’s price is consolidating around $105,000 as new analysis suggests a drop below the key $100,000 psychological level is becoming less probable. Despite a recent 4% dip to $103,400 following comments on the Iran-Israel conflict, traders note strong liquidity building above $106,000. For further upward movement, bulls need to flip the $106,000 resistance into support, with significant ask orders clustered above this level.