Prior to this breakout, Bitcoin experienced a consolidation phase around the $102,680 to $102,720 range, suggesting a developing support level near $102,870 as market volatility began to decrease.

From 5:57 to 6:00 a.m., Bitcoin's value climbed from $102,767 to $102,912, supported by trading volume spikes exceeding 150 BTC per minute.

James Lavish, Managing Partner at the Bitcoin Opportunity Fund, criticized sellers reacting to fears of war, asserting they fail to grasp Bitcoin's true value.

In a volatile trading session, Bitcoin's price surged above $102,000 after briefly dipping below $101,000, driven by heavy trading volume.

During this session, Bitcoin peaked at $102,800, with significant trading activity reaching 17,906 BTC during a midnight surge.

The earlier decline in Bitcoin's price was swiftly reversed as market participants reacted to the dip, pushing the cryptocurrency close to the lower end of its month-long trading range.