Market Calm Masks Rising Risks as Bitcoin Eyes $84K Breakout Zone

• Analyst warns geopolitical tensions could trigger renewed Bitcoin volatility.
• BTC holds a bullish structure but faces strong resistance at the $82K–$84K zone, with pressure rising.
• Liquidity gaps and CME levels signal heavy liquidation risk around Bitcoin price action.

Bitcoin climbed back above the $80,000 level this week as traders embraced improving market sentiment. However, fresh warnings from market analysts suggest the rally could face growing pressure from macroeconomic instability and geopolitical uncertainty. Garrett Jin, an agent for BTC OG Insider Whale, argued that the current calm across global markets may only represent a temporary pause before renewed volatility emerges.

Garrett Jin Flags Hidden Macro Risks

Garrett Jin released a market analysis titled “Decorated Truce,” warning traders against complacency during Bitcoin’s latest recovery phase. He argued that several geopolitical tensions remain unresolved despite improving investor confidence. Moreover, Jin suggested that recent diplomatic developments between Saudi Arabia and Iran may only delay broader regional conflicts instead of preventing them entirely.

Additionally, Jin pointed to rising concerns surrounding a potential reopening of U.S.-Iran tensions after President Donald Trump’s recent visit to China. Consequently, he believes financial markets could face another risk-driven sell-off later this year.

At the same time, investors continue to favor risk assets. Strong earnings from major technology firms boosted equities, while South Korean stocks extended their recent rally. Besides, Bitcoin approached the critical $82,000 to $84,000 resistance zone as institutional demand strengthened.

However, Jin highlighted several warning signs beneath the surface. Large corporate deals continue draining market liquidity, while airlines and banks reportedly prepare for mounting financial stress tied to potential military conflicts. Moreover, Berkshire Hathaway’s growing cash reserves added to concerns that large investors remain defensive despite improving sentiment.

Bitcoin Maintains Bullish Market Structure

Bitcoin’s daily chart still reflects a constructive medium-term trend after recovering sharply from February lows near $60,000. The asset continues printing higher highs and higher lows, reinforcing bullish momentum around the psychological $80,000 level.

Immediate support now sits between $78,000 and $79,000. Meanwhile, stronger structural support remains near the $74,000 to $75,000 region. If broader weakness returns, analysts expect major demand to emerge between $68,000 and $70,000.

Source: Trading View

On the upside, Bitcoin still faces heavy resistance between $82,000 and $84,000. This zone previously triggered multiple rejections and continues acting as a key technical barrier. A successful breakout could open the path toward $88,000 and eventually $90,000.

Momentum indicators also remain favorable. The RSI currently sits near 63, reflecting healthy bullish strength without extreme overheating. Additionally, the MACD remains positive despite slowing histogram expansion.

Analysts Monitor Liquidity and CME Gaps

Crypto analyst Ali Martinez stated that Bitcoin recently cleared major short-side liquidity between $80,000 and $84,000. He noted that larger liquidity clusters now sit near $75,000, $73,000, and $70,000.

Source: X

Meanwhile, TedPillows emphasized two unfilled CME gaps at $84,100 and $67,100. According to TedPillows, Bitcoin could trigger roughly $3.4 billion in short liquidations if the price fills the upper gap. Conversely, a decline toward $67,100 could liquidate nearly $17 billion in long positions.

Related: US Jobless Claims Rise as Crypto Faces Fed Pressure