Bitcoin currently trades around 105K, witnessing a slight drop of 1.4 percent today, after peaking near 106.5K. The ongoing geopolitical tensions, particularly in the Middle East, along with a cautious macroeconomic outlook, have generated a risk-off sentiment among investors. Despite these challenges, analysts suggest a strong upward movement could be on the horizon, potentially driving Bitcoin’s value to 110K. Understanding market sentiment and external factors will be crucial for investors.