Catenaa, Wednesday, June 25, 2025-Bitcoin surged past $105,000 on Tuesday following the announcement of a ceasefire between Israel and Iran, reigniting investor appetite for risk assets and spurring hopes of a sustained bullish breakout.
On-chain metrics show aggressive buy-side momentum as bulls eye a decisive push above $110,000.
BTC had briefly dipped below $98,200 amid last week’s geopolitical tensions but has rebounded sharply.
According to data from CryptoQuant, Taker Buy Volume has jumped in the past 48 hours, indicating aggressive market orders on the buy side and renewed conviction from institutional players.
Technical indicators show Bitcoin reclaiming the 50- and 100-period moving averages on the 12-hour chart, following a swift bounce from the $103,600 support zone.
This level has now acted as a launchpad multiple times since May, with volume surging in tandem, signaling strong demand from whales and long-term investors.
Despite the upward momentum, resistance looms near $109,300 — a level that previously capped multiple rallies. Bulls must flip this range into support to clear the path toward retesting all-time highs around $112,000. Failure to hold above $103,600 could trigger a deeper retracement, with analysts warning of liquidations if $100K is lost again.
Uncertainty over US macro policy and Middle East volatility continues to weigh on long-term sentiment. However, analysts note the sharp rebound and aggressive buying could mark a structural turning point if volume and price confirm a breakout.
