In recent developments, the Alaska “Putin-Biden Summit” concluded without producing tangible results, as indicated by Trump who termed the discussions “productive but no agreement yet.” Despite the lengthy dialogue, market participants have struggled to derive significant insights, resulting in an atmosphere described as “upbeat yet hollow.” This sentiment has intensified existing apprehensions in Europe and Kyiv, with global markets remaining highly sensitive to ongoing geopolitical tensions.
The **crypto market** has mirrored this volatility, marked by a series of fluctuations. Bitcoin (BTC) is currently trapped within a narrow range of **$119,200–$116,400**, establishing a critical support zone. Major resistance lies at **$120,000**, where concentrated liquidation could pose a threat to upward momentum. Analysis from Bitunix reveals that, although the summit was symbolically important, the absence of concrete agreements has led to muted market expectations regarding geopolitical stability.
Positioning for BTC suggests that robust support levels are crucial for maintaining price consolidation. A failure to uphold the **$116,300–$115,000** range could see the market retest **$112,300**. Conversely, potential resistance levels could emerge around **$120,600**, **$122,600**, and **$124,700**. Market participants are advised to remain cautious, as geopolitical updates could catalyze significant shifts in sentiment and momentum.