In a recent discussion, Scott Melker, Host of The Wolf of All Streets podcast, and Aaron Arnold, Co-host of Altcoin Daily, explored the unexpected decline in bitcoin's price despite positive technical indicators and anticipated institutional inflows. They delved into the technical, geopolitical, and economic factors influencing the cryptocurrency's recent performance.

"Bitcoin has been range-bound since about March, almost eight months," Aaron Arnold explained. "From a purely technical standpoint, it makes sense bitcoin is dipping at these levels and it falls within the range." He noted that after a 20% rally from the bottom, bitcoin hit upper resistance, prompting the recent dip.

Addressing geopolitical tensions, Arnold said, "Geopolitical tensions like this cause short-term uncertainty and volatility usually to the downside." The escalating conflict has introduced unpredictability into global markets, affecting cryptocurrencies.

He also highlighted economic concerns. "The U.S. job numbers are in... The number of job openings in the U.S. ticked up higher than what was expected," Arnold stated. "It's not as easy to find a job in the U.S. as we would've liked to see." These mixed economic signals contribute to market uncertainty and impact bitcoin's price.

Looking ahead, Aaron Arnold expressed optimism about bitcoin's future. "I think bitcoin hits $100,000 in 2025, I think that's very likely," he predicted. Scott Melker agreed, adding, "Let's hope that you're right. I think that we're all looking forward to a major bullish cycle moving forward."