Analysis: If Bitcoin breaks through the resistance level of $106406, the next target level will be a historical high

BlockBeats News, on June 16th, BTC Markets cryptocurrency analyst Rachael Lucas expressed his market analysis viewpoint: "Geopolitical instability, such as the recent Israeli attack on Iran's nuclear facilities, which led to a brief 4% drop in Bitcoin, highlights Bitcoin's sensitivity to safe haven events. Nevertheless, as investors use it as a geopolitical hedge tool, Bitcoin usually rebounds quickly. The recent resistance level of $106406 indicates sustained bullish momentum, and the next major target is the historical high Vincent Liu, Chief Information Officer of Kronos Research, stated that once the international situation calms down, strong global liquidity and institutional demand may lay the foundation for a breakthrough in Bitcoin's market.