War Fears Trigger Panic Dump, but Bitcoin Recovers Above $102K

Bitcoin Springs Back Above $102K After Dip, as James Lavish Criticizes War-Driven Selloff

Bitcoin recovered above $102,000 on Saturday after briefly dropping below $101,000 during a volatile session fueled by geopolitical uncertainty. The rebound was powered by a surge in trading volume and renewed buyer interest.

Data from CoinDesk Research’s technical analysis showed BTC slipped to around $101K before staging a quick turnaround. The drop brought Bitcoin to the lower edge of its month-long trading range, but a burst of buying momentum quickly reversed the decline.

The rebound coincided with a pointed statement from James Lavish, Managing Partner at the Bitcoin Opportunity Fund, who posted on X:
“If you are selling Bitcoin because of the possibility of the world going to war, you have absolutely no idea what you own.”
His remarks highlighted the ongoing debate about Bitcoin’s role as a potential hedge during times of geopolitical stress.

Over the past month, Bitcoin has been largely range-bound between $100K and $110K. On-chain data indicates a neutral market environment, with no strong signs of either widespread selling or aggressive accumulation. Meanwhile, the derivatives market remains cautious, as traders continue to seek protection against potential downside risks.

Key Technical Takeaways:

• BTC climbed above $102,800 around midnight, driven by a volume spike to 17,906 BTC.
• From 05:57 to 06:00, Bitcoin rose from $102,767 to $102,912, with trading activity sustaining over 150 BTC per minute.
• The strongest push came as 184.24 BTC traded in a single minute, lifting prices toward $102,990.
• Before the breakout, BTC consolidated between $102,680 and $102,720.
• A new support zone appears to be forming near $102,870 as market volatility eases.