Bitcoin Regains Ground Above $104K as Liquidations Top $1B in Wake of Trade Tensions

Bitcoin Recovers After Tariff-Driven Sell-Off, Buoyed by Strong Volume and Institutional Buying

Bitcoin rebounded sharply after a recent plunge triggered by concerns over U.S. tariff announcements. The market found strong support near the $103,000 level, with fresh institutional bids helping to steady prices amid broader economic uncertainties.

Trade tensions and global economic challenges continue to weigh on crypto sentiment, but Bitcoin’s recent price action shows resilience following the correction.

Institutional players remain actively engaged, as companies such as Strategy (formerly MicroStrategy) and GameStop continue to expand their Bitcoin reserves, signaling ongoing confidence in the digital asset.

Technical Breakdown

CoinDesk Research’s technical model highlights a solid bottom formation over the past 24 hours, with significant volume clustering in the $103,200 to $103,400 range. This area acted as a critical support zone where buyers stepped up decisively.

The recovery accelerated once Bitcoin broke above the $104,000 resistance threshold, accompanied by increased trading volumes that underscored renewed buying interest. This development points to the likely conclusion of the recent pullback and the establishment of a fresh support level, potentially paving the way for continued gains.

In the last hour, Bitcoin surged from $104,146 to $104,303, fueled by robust bullish momentum starting at 14:01. Trading volume spiked with 429 BTC exchanged as the price moved from $104,188 to $104,323.

Before this breakout, the price consolidated between $104,077 and $104,263, setting firm support near $104,080-$104,090 that supported the upward momentum.