Daily Crypto Signals: Bitcoin Holds Above $105K, Ethereum Faces Whale Pressure Amid Middle East Tensions

Quick overview

Bitcoin BTC/USD maintains its position above $105,000 despite geopolitical uncertainties as MicroStrategy signals another potential purchase, while Ethereum ETH/USD encounters selling pressure from a dormant whale wallet that awakened after nearly a decade. The crypto market shows resilience with the Fear & Greed Index remaining in “greed” territory and spot Bitcoin ETFs recording $1.37 billion in weekly inflows.

Crypto Market Developments

Even if tensions between Israel and Iran were rising this week, the cryptocurrency market was very stable. Even though Bitcoin’s price dropped 2.8% to $103,000 after global events, the Crypto Fear & Greed Index stayed in the “greed” zone with a score of 60. This shows that people are still feeling good about the market. The strength of the market shows that institutions still have faith in it amid times of uncertainty.

Regulatory changes also had an effect on the situation. For example, Vietnam formally made cryptocurrencies legal with its new Digital Technology Industry Law, which was passed on June 14. The law, which will go into effect on January 1, 2026, sets up a complete system for digital assets and puts in place cybersecurity and anti-money laundering protections that meet international standards. This action resolves concerns from the Financial Action Task Force (FATF) and is Vietnam’s way of trying to get off the group’s “gray list.”

There was a lot of institutional interest in trading this week, which helped. On Thursday, US-based spot Bitcoin ETFs saw $86.3 million in new money, and on Friday, they saw $301.7 million. These big financial injections helped bring in a total of $1.37 billion in a week, showing that institutions still want to invest in Bitcoin even though the market is volatile.

Bitcoin Holds Above $105,000

The price of Bitcoin is still going up, and it is still over the critical $105,000 threshold. The top cryptocurrency is making a Doji candlestick pattern on weekly charts. This shows that buyers and sellers are in balance and that the price is still close to all-time highs.

Michael Saylor, co-founder of MicroStrategy, added to the euphoric mood by publishing a Bitcoin chart with the mysterious statement “Bigger Dots are ₿etter,” which strongly suggested that another company was buying Bitcoin. The corporation has 582,000 BTC, which makes them the largest known corporate Bitcoin holder. Saylor’s signal signals that they will keep buying even though the price is low right now.

Technical analysis shows that Bitcoin is getting support at the 50-day simple moving average of $103,604, but bulls are having trouble pushing prices above the 20-day exponential moving average of $106,028. Analysts are still hopeful about Bitcoin’s future. Well-known trader Alan Tardigrade has found an ascending expanding wedge pattern that might push values up to $170,000. Since 2023, golden cross formations on daily charts have historically increased Bitcoin’s value by 49%, 125%, and 68%, which means that it might reach prices between $152,000 and $229,000.

The mining industry is still having problems because the difficulty of mining Bitcoin just hit an all-time high of 126.9 trillion before dropping slightly to 126.4 trillion. Even with these problems, big mining companies like MARA and CleanSpark are growing and using Bitcoin treasury tactics. For example, MARA increased production by 35% in May while keeping all of the Bitcoin it mined.

Ethereum Faces Resistance at $2,600

Ethereum is having a hard time keeping up its pace above the $2,600 barrier mark as it settles around $2,500. The second-largest cryptocurrency faced more selling pressure when a dormant whale wallet with 2,000 ETH was reactivated.

The account that hadn’t been used in a while moved funds last in 2015, when the assets were worth only $620. It sent 500 ETH to an address controlled by Binance, which could mean liquidation. The remaining 1,500 ETH, which is worth $3.796 million right now, could be a problem if it is sold because it could affect the price. This whale wallet waking up after 9.9 years shows how much money early Ethereum users have made, with the holdings being worth about 820 times what they were worth when they were bought.

Even though there is selling pressure, Ethereum’s technical structure is still intact. However, the fact that it hasn’t been able to break over $2,600 suggests that it will continue to consolidate. In recent sessions, the cryptocurrency has been trading between $2,495 and $2,549, with buyers protecting the $2,500 psychological support level.

Top Altcoins to Watch Today

• Hyperliquid (HYPE) emerges as a standout performer with strong technical momentum, though buyers struggle to maintain levels above $42.50. The upsloping 20-day EMA at $36.96 indicates bullish bias, but negative RSI divergence suggests slowing momentum. A break above $44 could invalidate bearish signals and target $50.
• Bitcoin Cash (BCH) shows resilience by bouncing off its 50-day SMA at $403, currently facing resistance at $462. The upsloping moving averages and positive RSI territory suggest upward bias, with a break above $462 potentially targeting $500. The 50-day SMA remains crucial support for maintaining bullish structure.
• Aave (AAVE) experienced volatility after surging above $285 resistance but failing to sustain gains above $325. Currently testing the 20-day EMA at $269, a strong rebound could reignite upward momentum toward $380. The uptrend line serves as critical support for maintaining the bullish outlook.
• OKB continues trading within a descending channel pattern, with buyers preventing a decline to $49 support. Repeated tests of the resistance line could weaken it, with a breakthrough potentially targeting $56 and $60. The token shows signs of accumulation despite the channel constraints.

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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