Despite the increased geopolitical turmoil, Bitcoin has shown significant resilience. With a vital level of $104,000 support, BTC is now entering a higher price territory after the conflict between Israel and Iran escalates into a growing uncertainty. The intensity signal of price action shows that the bulls are still in a solid state of control even if global markets remain marginal.
New on-chain data from crypto-rich affluent highlights the key trend that supports this advantage: demand for permanent holders is accelerating. This queue is often composed of highly conceived long-term investors and institutions and plays a crucial role in Bitcoin’s supply dynamics. Permanent holders are wallets that accumulate BTC without showing the history of regular sales. They usually represent the most respected participants in the ecosystem and usually continue to buy and hold regardless of short-term volatility.
With this trend, while stable price support and stable price support, the stability of the other foot seems to be good – if wider macro conditions do not derail the bullish setting. Now everyone’s eyes are on the resistance levels of $109K and $112,000.
As permanent holders accumulate, mergers strengthen strength
Bitcoin has spent weeks in the consolidation phase after the turbulence in the first half of 2025. The year began after the newly imposed trade tariffs by U.S. President Donald Trump, but the wave of macroeconomic tensions has ruined global trade dynamics. Soon after, the rise in the U.S. Treasury Department showed that systemic risks in financial markets are growing, creating uncertainty in asset classes. Recently, geopolitical fears have intensified as conflicts between Israel and Iran have erupted, leading to oil prices and widespread market uneasiness.
Despite these headwinds, Bitcoin still has impressive resilience. The asset continues to exceed the critical $104,000 level, with the Bull defending support and maintaining upward pressure. Even during times of global turmoil, this stability indicates growing investor confidence and is likely to move upward.
Aside from this prospect, new insights from crypto-rich suggest that permanent holders are accelerating. Permanent Holder – A pallet that accumulates bitcoin without showing a consistent way of selling represents a long-term conviction and a reduction in market liquidity. When demand for this cohort rises, it usually indicates a strong belief in future price appreciation and has historically been the Big Bull running.
This structural demand trend, coupled with Bitcoin’s ability to fluctuate climate, suggests that the market is quietly building its strength to achieve a wide range of moves. If geopolitical risks are stable and stable and macro-conditions, BTC could stand out from its current range and retest the all-time high of $112,000, potentially laying the stage for the lower level of the next cycle.
BTC Bull pushes back above the key moving average
Bitcoin bounced from a critical $103,600 support level after showing signs of reintensity. The 4-hour chart shows that SMA is above 50, 100 and 200 cycles, indicating that the short-term momentum shifts the reverse bull. BTC is now trading at $107,057, which is consolidated below $109,300 resistors, a significant upper limit for the past few weeks.
Moving the average backwards, especially the 200 SMA (red line), suggests that demand is increasing. In recent push, the number has increased to validate breakthrough attempts. The $103,600 level remains a key support for watching any downward movement, as it has been the launch point of previous rally.
To confirm the continuation of the uptrend, BTC must exceed $109,300 resistance and have a strong candle close, ideally supporting it. If rejected again, traders may expect to regain the 105k-$106k region, which now acts as support with the moving average cluster.
Featured images from DALL-E, charts from TradingView
Editing process For Bitcoin experts, focus on thorough research, accurate and impartial content. We adhere to strict procurement standards and each page is diligently evaluated by our top technical experts and experienced editorial team. This process ensures the integrity, relevance and value of our content to our readers.
