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Bitwise Asset Management’s European research arm argues that the sharp sell-off that followed last week’s military escalation between Iran and Israel is likely to give way to a powerful relief rally in Bitcoin, echoing the cryptocurrency’s behaviour after earlier geopolitical shocks. In its 16 June weekly newsletter Bitwise Europe points to a “Chart of the Week” that lines up the twenty most significant geopolitical risk events since July 2010 and finds that, on average, Bitcoin was “up 31.2 percent fifty days after the event, with a median gain of 10.2 percent.” According to the authors, “major geopolitical risk events tend to be good buying opportunities for bitcoin and other crypto assets.” The firm’s in-house Crypto Asset Sentiment Index briefly turned negative on Friday—its first dip below zero since May—but had already swung back into slightly bullish territory by Monday morning, a shift Bitwise attributes to renewed inflows into spot exchange-traded products and continued US-dollar weakness. At Bitcoin’s current price of around $107,000, a 31% rally would bring it to approximately $140,000. Missiles Fly, Bitcoin To $140,000? The historical analogue is being tested in real time as markets digest the first open exchange of missiles between Tehran and Jerusalem. The Associated Press reports that Iran has fired more than 370 projectiles at Israel since 13 June, killing at least twenty-four people, while Israel claims to have destroyed over 120 Iranian launchers and says it now enjoys “full aerial superiority over Tehran.” Related Reading: Bitcoin 656% Cyclical Gain Highlights Deep Market Demand – Glassnode The confrontation triggered a textbook flight to safety: gold blasted through $3,430 an ounce on Friday, establishing a fresh record high, while Brent crude spiked and global equities lurched lower. Bitcoin, which had been flirting with its all-time peak near $111,000 early last week, sank as low as $102,600 during the first wave of air-strike headlines before rebounding to the $106,000–107,000 zone. Even after that drawdown, Bitwise notes, the flagship cryptocurrency still out-performed the S&P 500 on a weekly basis thanks to a late-week equity swoon. Bitwise’s thesis rests on three pillars. First is behavioural: previous geopolitical shocks—from Russia’s 2014 annexation of Crimea to the US–Iran standoff of January 2020—produced knee-jerk liquidations in risk assets, yet Bitcoin’s selling pressure tended to exhaust quickly, setting the stage for a mean-reversion pop. Second is macroeconomic. Related Reading: Bitcoin Future Post Israel-Iran Event: On-Chain Analysis Disputes BTC’s $50K Crash The firm highlights a “pronounced depreciation of the US Dollar,” as the DXY index slid to its weakest level since March 2022 following softer-than-expected inflation prints and another uptick in continuing unemployment claims. Fed-funds futures now imply 1.9 rate cuts by December 2025, loosening global financial conditions and historically favourable for non-yielding, dollar-denominated assets such as Bitcoin.  Third is structural demand: US spot Bitcoin ETFs took in a net $1.37 billion last week, while corporate treasuries kept accumulating—Strategy’s Michael Saylor announced the acquisition of 10,100 BTC for $1.05 billion today , and Tokyo-listed Metaplanet disclosed an additional 1,112 BTC purchase that brings its war chest to 10,000 coins. In derivatives, Bitwise flags that the put-call open-interest ratio on Bitcoin options ended the week at 0.61 after dipping to 0.55, while the one-month 25-delta skew flipped decisively into positive territory at +4.87 percent, indicating a premium for upside exposure despite realised volatility languishing around 30 percent. Funding rates on perpetual swaps also remained net long even during Thursday’s risk-off purge, a pattern the firm interprets as “bullish positioning or demand for topside hedging.” Behind the scenes, whales withdrew a net 169,527 BTC from exchanges, and exchange-held reserves fell to 2.92 million coins—about 14.6 percent of supply—further tightening spot liquidity. Sceptics may note that past performance is not predictive and that the explosive rally following Russia’s 2022 invasion of Ukraine was fuelled in part by unprecedented monetary stimulus that may not be replicated. Bitwise itself concedes that realised losses spiked to $55.5 million on-chain last week and that momentum in “apparent demand” has softened. Yet the firm argues that the confluence of structural inflows, dollar weakness and depressed sentiment mirrors the set-ups that preceded its historical sample of 31-percent rallies. As the newsletter concludes, “structural demand by both ETPs and corporate treasuries as well as continued macro tailwinds via Dollar weakness and global money supply expansion still support a positive market development for bitcoin and crypto assets.” At press time, BTC traded at $107,239. Featured image created with DALL.E, chart from TradingView.com

Crypto analyst X Force has drawn the crypto community’s attention to a key fractal from 2023, which paints a bullish picture for the Bitcoin price. However, the analyst suggested that a drop to $90,000 could still be on the cards for BTC, although that won’t invalidate the macro setup.  Key Fractal Shows Bitcoin Price Is Still Bullish In an X post, X Force highlighted a key fractal from the early phase of the 2023 bull market and noted why it supports the view that the current trend remains bullish. He remarked that the price structure that was observed back then could offer insights relevant to the current analysis, as history often rhymes even though it might not repeat itself exactly.  Related Reading: Bitcoin Price Crash To $94,000 Imminent As Fibonacci Resistance Is At Stake X Force then noted that in 2023, a larger degree wave 1 terminated, followed by a shallow wave 2 that retraced only to the 23.6% to 38.2% Fibonacci levels. The analyst then declared that this interpretation wasn’t just hindsight but it was the only valid count even in real-time. He also raised the possibility of the Bitcoin price creating another low.  X Force explained that the context of the micro timeframes is losing weight as every bounce and dump is extremely sensitive to the overall creation of the wave structure. Meanwhile, the analyst indicated that the Bitcoin price could still drop to as low as $90,000 but noted that it is important that BTC remains above this critical support level.  In an X post, the crypto analyst stated that as long as the Bitcoin price stays above the $90,000 level, the implications of the shorter-term price action have zero impact on the overall macro trend. X Force added that pullbacks and choppiness are not only healthy but vital to any bull market. A BTC Price Crash Imminent? Veteran trader Peter Brandt has raised the possibility of a Bitcoin price crash happening soon. In an X post, he questioned if November 2021 was happening all over again for the flagship crypto. His accompanying chart showed how that period formed the cycle peak for BTC, following a double top formation.  Related Reading: Bitcoin Price Above $107,000 Is Ideal, But Don’t Get Excited Until This Happens The Bitcoin price then crashed from its all-time high (ATH) of around $69,000 and consolidated for over two years before witnessing another breakout in 2024. The chart indicated that BTC may have formed a double top again following the recent rally to a new all-time high of $111,900. If so, this could mark the end of the cycle’s bull run, with a crash set to follow. However, the chart suggested that BTC could sustain this bull run if it holds above $104,612.  At the time of writing, the Bitcoin price is trading at around $106,700, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

Bitcoin’s current trading range is all part of a consolidation move before a return above $110,000. Although the leading cryptocurrency has largely held above the $105,000 support zones in recent days, its rally has taken a hit in the past two weeks.  Technical analysis of Bitcoin’s price action, when overlapped with the Global M2 Money Supply metric, shows that it is only a matter of time before it enters into a new all-time high. Global M2 Offset Models Says Something Interesting According to a detailed post by crypto analyst Colin, also known as “The M2 Guy,” on the social media platform X, Bitcoin’s price action appears to be tracking the global M2 money supply with a high degree of correlation when the data is offset by 68 to 76 days. Related Reading: Bitcoin Bears Back In Control After $110,000 Rejection, What Comes Next? Two separate charts presented by Colin reveal this trend vividly, showing how Bitcoin price movements have followed the trajectory of the Global M2 Money Supply when adjusted for time. The short-term 68-day offset chart aligns closely with Bitcoin’s behavior since April 2025, while the 76-day offset chart offers a longer-term view of the relationship.  In both cases, the analyst highlighted that the M2 curve is pointing upward, where Bitcoin has yet to play out, implying a similarly bullish trajectory for its price action. Colin describes this as a form of confluence, noting that when two correlated indicators show the same directional outcome, the probability of that outcome increases. Particularly, the average correlation across both charts is around 76.6 to 76.9%, both of which are very high and lend statistical weight to the prediction. What Does This Mean For Bitcoin Price? The 68-day offset chart shows Bitcoin trailing the M2 curve with high precision since April, with the highest 89.9% degree of accuracy on the 90-day timeframe. Similarly, the 76-day offset, while less accurate in the short term, displays a strong correlation over longer intervals of 92.2% over one and a half years and 86.2% across two years. These correlation values shows that Bitcoin is increasingly sensitive to global liquidity trends, especially now that its price movement is tied to inflows/outflows surrounding Spot Bitcoin ETFs.  Related Reading: Can Bitcoin Price Bounce To $120,000 Or Will It Break Below $100,000? This relationship becomes even more notable considering the M2 money supply itself has been climbing within a rising channel. If the alignment continues, Bitcoin may soon follow suit, lifting it back above the $110,000 level and breaking above its all-time high. Bitcoin’s price action will be very interesting to follow in the next few days. In Colin’s view, this next move up is not only likely but could happen within days. If Bitcoin follows this alignment, the projection shows that Bitcoin will continue to move within a channel of higher highs and higher lows before eventually crossing above $150,000 in August. At the time of writing, Bitcoin is trading at $106,549, up by 1% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com

The Bitcoin price, while still holding above $100,000, has not exactly inspired confidence in the crypto community recently. This comes as the digital asset failed to break above new all-time highs during last week’s rallies and, with the Israel-Iran conflict, saw a sharp plunge, erasing its weekly gains. Amid this, the bears have gained even more ground and are now more in control of the cryptocurrency’s price. Thus, the probability of a deep crash is heightened during this time. Bitcoin Price Could Crash Below $90,000 In a TradingView post, pseudonymous crypto analyst MIRZA has called for a possible Bitcoin price crash that could send the market spiraling even more. The crypto analyst points to the rising weakness of the Bitcoin price and the formation of bearish patterns on its price chart. Related Reading: Bitcoin Price Forms Descending Triangle Pattern Amid Israel-Iran Tensions The first notable bearish development was the fact that the Bitcoin price had been unable to break above $111,000 despite coming close last week. Since this is where the resistance for the previous all-time high lies, it shows that there is still not enough strength in the digital asset to continue its ascent. The result of this was the decline that sent it back toward the $103,000 as bears took a stand once more. This bearish drop suggests that the asset is now forming a potential double top or a lower high structure. Both of this are bad signs for any asset as it suggests that the upward momentum has ended and there is nowhere to go but down. This change in momentum toward the negative suggests that there could be a liquidity grab at lower levels. The crypto analyst predicts that there is a possibility that the upward trend could continue if the Bitcoin price is able to break above $107,000 and maintain it. Otherwise, the Bitcoin price is expected to crash by more than 15%, pushing it below $90,000 and as low as $85,000 before a bottom is established. BTC Bearish Sentiment Grows MIRZA is not the only crypto analyst who has called a possible price crash for Bitcoin. RLinda, also took to the platform to share what she expects next for the largest cryptocurrency by market cap. She points out that the Israel-Iran conflict was the reason that the Bitcoin price lost its bullish trend and was trending back downward at this point. Related Reading: XRP Price Still On Track For $1.5T Market Cap And 27% Crypto Market Dominance However, Bitcoin continues to hold support above $100,000 so far, which has shown some strength. As a result, the analyst explains that the BTC price could end up ranging between $102,500 and $106,200 for a while as a result. The end of this, however, could end up going two ways. If Bitcoin breaks above $106,200, then it has a shot to rise above $110,000 again. However, if it loses the $102,500 support, then the next crash would send it toward $100,000 again. Featured image from Dall.E, chart from TradingView.com

Bitcoin is at a crossroads again. Prices have been bouncing between $61,000 and $104,000 for about seven months. That range looks a lot like the $31,000–$64,000 sideways move before the sharp drop in early 2022. Traders and analysts are split over whether history is about to repeat itself or if fresh demand will keep Bitcoin aloft. Related Reading: Crypto Bloodbath: Over $1 Billion Liquidated As Iran-Israel Tensions Erupt Price Stuck In Familiar Range According to reports, Bitcoin’s stretch from $61k to $104k mirrors the 2020–2021 “distribution zone” when it traded between $31,000 and $64,000 for nearly a year. Back then, the slide came fast: Bitcoin peaked around $69,000 in November 2021, then sank to roughly $15,600 by November 2022. That was a nearly 78% plunge. Breakouts Keep Falling Flat Based on analysis from Michaël van de Poppe, Bitcoin tried and failed to stay above the $106k level this month. His chart showed a quick rejection at that barrier, triggering long‑side liquidations. The price slipped back to the $104k–$105k zone after the failed push higher. Traders see each unsuccessful breakout as a warning sign of distribution. November 2021 all over again? pic.twitter.com/lIA6QFhD9S — Peter Brandt (@PeterLBrandt) June 14, 2025 Risk Of Steep Slide According to veteran trader Peter Brandt, strong fundamentals often shine brightest right before a market top. He pointed out that if today’s setup leads to a similar 78% drop from the $105k band, Bitcoin could fall toward $23,600. His simple math recalls last cycle’s move from around $69k down to $15,500. Growing Demand Meets Technical Barriers Based on reports of spot ETFs and growing buys by institutions and governments, some believe the floor is firmer now. Huge investment flows into Bitcoin have never been higher. Yet technical hurdles remain. The inability to clear $105k makes some analysts cautious. Related Reading: $57 Million In Crypto And Counting: Trump’s World Liberty Connection Long Term Signals Still Bullish Trader Tardigrade noted that Bitcoin’s 50‑day and 200‑day simple moving averages recently formed a golden cross. In past cycles, that pattern led to gains of 50%, 125%, and 65%. It points to a possible rally if buyers step in around current levels. What It Means For Investors Bitcoin’s tug‑of‑war between caution and optimism is clear. On one side, pattern watchers warn of a big drop if support breaks. On the other, strong hands from big players may cushion any slide and spark a rally. Investors should keep an eye on $104k–$105k for signs of weakness or strength. A break below could open the door to a move toward $23,500. Conversely, a clean break above $106k might signal the next leg up. Regardless, volatility looks set to stay high, so risk management remains key. Featured image from Imagen, chart from TradingView

The price of Bitcoin has managed to stay afloat over the past few days despite the growing conflict in the Middle East and the ensuing bearish pressure. The premier cryptocurrency continues to hover around the $105,000 level, with its value down by merely 0.8% in the past week. According to the latest on-chain data, the Bitcoin price might not be down for too long, as investors seem unbothered by the rising tensions between Israel and Iran. Below is what the BTC investors have been up to since the military action started in the past week. BTC Investors Still Holding On To Their Assets: Analyst In a Quicktake post on the CryptoQuant platform, a pseudonymous on-chain analyst, CryptoMe revealed that the Bitcoin market has remained relatively quiet despite the ongoing geopolitical events. The relevant indicators here are the Bitcoin exchange netflow and Open Interest. Related Reading: Ethereum Price Could Rally To $10,000 If This Major Resistance Is Broke To start, CryptoMe analyzed the BTC Exchange Netflow, which measures the difference between Bitcoin sent to and withdrawn from centralized exchanges. Typically, this metric helps to gauge the selling pressure on a particular cryptocurrency (Bitcoin, in this scenario). Given that one of the services offered by exchanges is selling, exchange inflows are often considered a bearish signal for the Bitcoin price. However, CryptoMe noted that there has been no significant change in Netflow, meaning that investors are not looking to offload their assets. The on-chain analyst also highlighted the Open Interest on centralized exchanges, which estimates the amount of capital flowing into a cryptocurrency at every given time. CryptoMe attributed the reduced Open Interest to the liquidated long positions following the price correction. The crypto pundit added: But when we look at the bigger picture, Open Interest still looks strong, and investors are still keeping their positions open FOR NOW despite all the WAR news. Furthermore, CryptoMe mentioned the Bitcoin Open Interest on the Chicago Mercantile Exchange (CME), where institutions and speculators trade. The analyst noted that while some positions were closed and the Open Interest dropped after the event, there has still not been any significant exit movement on the CME.  Ultimately, the absence of major movements into centralized exchanges suggests that the investors are not in panic mode yet. While most positions on Bitcoin derivatives are still open at the moment, there is no telling what will happen if the war tension escalates further. Hence, investors might want to approach the market with caution over the next few days. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $104,760, reflecting an almost 1% decline in the past 24 hours. Related Reading: Bitcoin May Hit $78,500 If This Critical Support Fails – Details Featured image from iStock, chart from TradingView

Over the past few weeks, the Bitcoin price has maintained a somewhat healthy momentum, forging minor swing highs and lows in its bull run revival. Interestingly, this early-week upward movement has been corrected following the escalating conflict between Israel and Iran.  All in all, the overall positive outlook for the premier cryptocurrency has remained, even though it has been observed to be against historical perspective. An on-chain analyst on social media platform X has delved into this strange phenomenon in the BTC market and the possible reasons behind it. Bitcoin’s Historical Correlations With Macro Instruments In a recent post on the X platform, an on-chain analyst with the pseudonym Darkfost broke down what, until recently, used to be conventional expectations in the Bitcoin market relative to broader macroeconomics. The crypto pundit mentioned that investors consider key indicators when trying to decipher what institutional sentiments and the broader state of global liquidity may be like.  Related Reading: Solana Approaches Critical Support Amid Middle East Conflicts – Can Demand Hold? The key indicators investors highlighted in this analysis include the US Dollar Index (DXY), which measures the value of the US dollar against a basket of major foreign currencies, and the US Treasury Yields, which basically represent the return investors earn on United States government bonds. According to Darkfost, the above chart illustrates a well-known macro principle: when both the DXY and bond yields are on the rise, capital tends to flee risk assets (one of which is Bitcoin). As a result, the premier cryptocurrency becomes susceptible to corrective movements. According to the on-chain analyst, this principle is backed by historical trends, as bear markets in crypto have coincided with strong uptrends in both yields and the DXY.  On the other hand, when there is a loss of momentum in DXY and yields, investor appetite tends to shift towards risk. The reason for this, Darkfost explained, could be expectations of Federal Reserve rate cuts, which fuel bullish sentiment across crypto markets. BTC Breaks Conventional Macro Logic In the post on X, Darkfost then went on to point out that the current BTC cycle has been unusual. The online pundit reported that there has been a decoupling between the Bitcoin price and bond yields, which manifests as a seeming annulment of the usual macro principles. The analyst noted that the Bitcoin price continues to maintain its upward movement, despite yields reaching some of their highest levels in Bitcoin’s history. But this holds, he was sure to note, when the DXY declines.  Related Reading: Bitcoin’s Most Reliable Signal Just Flashed—Next Stop: $170,000 What this anomaly suggests, Darkfost inferred, is that Bitcoin has taken on a new role within the macro landscape, one that increases its perception as a store of value. To take it further, this means that BTC, as of now, may react a little less conventionally to the macro forces believed to influence the crypto market.  As of this writing, the Bitcoin price sits just beneath $106,000, reflecting an almost 2% jump in the past 24 hours. Featured image from iStock, chart from TradingView

Bitcoin’s recent price action has shown signs of fading momentum three weeks after reaching a new all-time high of $111,814. The leading cryptocurrency climbed back above $110,000 on Monday off the back of cooling U.S. inflation data and a temporarily weaker dollar.  However, the rally was short-lived. Profit-taking, compounded by geopolitical tensions between Israel and Iran, has contributed to a risk-off environment that pushed Bitcoin down below $105,000 in the past 24 hours. This sharp reversal highlights a significant technical level that could decide whether Bitcoin sustains its uptrend or enters a crash towards $94,000. Final Fibonacci Resistance Holding The Line According to a new analysis shared by pseudonymous crypto analyst XForceGlobal on the social media platform X, Bitcoin’s current corrective structure could deepen if it fails to overcome the 88.6% Fibonacci resistance level. The analyst highlighted that the bullish impulse that carried Bitcoin now appears to be losing steam.  Related Reading: Bitcoin Risks Pullback To $105,000 After Facing Rejection Above $110,000 The price zone around $110,500, which is marked by the 88.6% Fibonacci resistance, has not been convincingly breached, casting doubt on the strength of the current wave structure. Bitcoin tested this level twice earlier this week, and, as noted by the analyst, if this resistance level fails to break soon, there is a slight possibility of a deeper pullback.  If this pullback does occur, this would lead to the formation of a corrective wave C, and with distinct symmetry in an ABC corrective pattern. In this case of the corrective Wave C playing out, the next central area of interest lies around the $94,000 level, an area that aligns with the completion of a larger impulse Wave 2. Wave 2 Dip To $96,000 Before Bullish Wave 3 Begins The rundown of a corrective Wave 2 and a bearish impulse Wave 2 is based on the outlook of Bitcoin failing to clear the 88.6% Fibonacci resistance at $110,000. Applying the Elliott wave count on the current price action shows that the recent push to $111,814 all-time high was a larger bullish impulse Wave 1. However, the ensuing correction since then has also played out in the form of a sub-wave 123 structure, and an ABC corrective pattern. Altogether, these are expected to make up a larger corrective impulse Wave 2. Related Reading: Bitcoin Price Risks Crash To $31,000 Amid 5-Wave Impulse Completion Nevertheless, XForceGlobal noted that Bitcoin is still in a highly bullish structure on the macro level. If the price action plays out this way, the next move after the impulse Wave 2 to $94,000 would be a reversal upwards with bullish impulse Wave 3. In this case, the analyst projected an expansion move that would send Bitcoin to another all-time high. Notably, the price target in this case would be a surge above $118,500. At the time of writing, Bitcoin is trading at $105,000, down by 2.5% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com

The Hash Ribbon “buy” trigger – a signal embedded in Bitcoin’s network hashrate dynamics – has flashed again, and technical analyst Astronomer Zero believes it could pave the way to at least $170,000 per coin. A chart the analyst posted on X on 12 June overlays every prior weekly‐time-frame Hash Ribbon entry since 2020 on the BTC/USDT perpetual contract at Binance, illustrating why the signal is treated with almost talismanic respect by some quantitative traders. Bitcoin Surge To $170,000 Imminent? The graphic shows five earlier occurrences of the capitulation-to-recovery crossover embedded in the Hash Ribbon algorithm. Each is marked on the price pane by a cobalt-blue “Buy” dot directly beneath the weekly candles and linked to the ensuing rally by a violet measuring arrow. After the signal in late-2020, Bitcoin accelerated by 235% from the $18,000 consolidation floor to challenge the then-all-time-high zone just above $60,000 before any major pull-back unfolded. Mid-2021’s ribbon event proved more modest – roughly 59% from a $30,000 base into resistance near $48,000 – yet it still respected the rule that the market rewards the crossover with significant upside. Related Reading: Bitcoin Funding Rate Flips Again And History Says A Rally Is Around The Corner The next two signals, printed in late-2022 and early-2023, were far stronger: a 260% surge from the capitulation trough below $18,000, followed by a 175% leg in mid-2023 that carried price cleanly to the long-standing supply shelf in the $60,000 area. In mid-2024, the hash ribbon signal led to a 100% rally above $100,000. Most recently, the ribbon crossed again three weeks ago, with Bitcoin quoted at roughly $105,000 on the weekly close. The analyst annotates current price at $106,873 and draws a fresh horizontal barrier at the $160,000–$165,000 band – the level that would align with the mean magnitude of earlier post-signal advances. Were the market merely to match the smallest historical percentage move (≈ 60%) from the present crossover, spot would extend to the $170,000 region indicated in crimson on the chart. Related Reading: Bitcoin Is Wildly Undervalued, Says Bitwise: ‘Fair Price’ Today Is $230,000 Hash Ribbon logic is mechanical. When the 30-day moving average of network hashrate climbs back above the 60-day average after a period of miner capitulation, on-chain observers read it as an all-clear that forced selling pressure has exhausted. In the past, that transition has coincided with aggressive spot accumulation visible on-chain and in derivatives positioning. Sceptics will note that correlation is not causation and that a six-figure quote for Bitcoin already bakes in ETF inflows, a looming halving supply shock and a global liquidity cycle that could yet tighten. Still, Astronomer Zero’s chart underscores an objective fact: in the last half-decade the Hash Ribbon “buy” has never mis-fired. Whether history’s rhythm repeats or merely rhymes, traders are watching the $170,000 level marked on the chart as the next test of that record. At press time, BTC was down 3.1% over the past 24 hours, trading at $104,898. Featured image created with DALL.E, chart from TradingView.com

After hitting $110,450 on Monday, the Bitcoin price is writing its third consecutive red day as the benchmark cryptocurrency fell 5.3% from an intra-day top of $108,450 to a trough of $102,664 before clawing back to about $104,456 by press time. The sell-off coincided, almost minute-for-minute, with confirmation that Israel had conducted large-scale air-strikes on Iranian nuclear installations, sending ripples through every major asset class. Why Is Bitcoin Going Down Today? Israel’s pre-dawn operation — its first overt attack on Iranian territory since the October-2024 raids — instantly repriced global risk. Oil futures jumped more than 10%, spot gold printed a fresh record high above $3,400 an ounce, and US equity futures slid roughly 1.5%. Bitcoin’s draw-down resembled its initial reaction to Iran’s failed missile barrage on Israel in April. Related Reading: Bitcoin Nears All-Time High as Whale Behavior Suggests Further Upside “Oil up. Gold up. Bitcoin down,” Anthony Pompliano wrote on X, noting that the pattern echoes April’s missile incident, after which “Bitcoin ended up outperforming the other two over the first 48 hours.” Bitcoin educator Peter Duan argued in a separate post that “a dip in Bitcoin happens every time there is serious geopolitical [turmoil] … In the long run, this will only push more people to Bitcoin,” pointing to the 24/7 nature of crypto trading versus the still-closed equity cash markets. Macro strategist Joe Consorti drilled down on the mechanics: “Bitcoin, S&P and NDX are all being panic-sold. Crude oil, natural gas, gold and US Treasuries are all spiking higher. The flight to safety trade is here.” A fresh surge in crude is precisely what US policymakers did not need. West Texas Intermediate vaulted past $77 a barrel—its first visit to that level in four months—after Israel struck Iranian nuclear facilities, erasing much of the hard-won disinflation dividend and dragging energy back to centre stage. The contract is now more than $21 above its April trough, threatening to unwind the benign price trends that had been taking hold. This comes after US inflation data once again surprised to the upside this week. May’s Consumer Price Index rose just 0.1% on the month and 2.4% year-over-year, while core CPI matched that modest 0.1% gain and held at 2.8% on an annual basis. Producer prices told a similar tale on Thursday, with the headline PPI up only 0.1% month-over-month and 2.6% on the year, both below consensus expectations. Related Reading: Bitcoin Is Wildly Undervalued, Says Bitwise: ‘Fair Price’ Today Is $230,000 Lower fuel costs had been a cornerstone of President Trump’s strategy for reining in inflation; the renewed march higher in oil now threatens that narrative. If energy continues to climb, markets will anticipate a rebound in headline inflation and the Federal Reserve may feel compelled to postpone the rate-cut cycle traders had pencilled in for September. Bitcoin, which is acutely sensitive to fluctuations in global liquidity, often underperforms when the policy outlook tilts toward tighter financial conditions—explaining its abrupt slide alongside the spike in crude. The newsflow triggered one of the heaviest forced-liquidation washes of 2025. CoinGlass data show that roughly $1.14 billion in crypto futures positions were wiped out over the past 24 hours, $1.04 billion of which were longs, as 236,788 traders were forced out of the market. The single-largest hit was a $201 million BTC-USDT long on Binance, the biggest one-ticket liquidation since January. For Bitcoin alone, long-side liquidations totalled $443 million. For the entire crypto market, this is the worst wipe-out since the post-tariff rout of February 3, when $1.25 billion was liquidated across the complex. Featured image created with DALL.E, chart from TradingView.com

The Bitcoin price has suffered a violent rejection after hitting the $110,000 level, showing a clear intention of the bears to keep the digital asset from hitting new all-time highs. So far, the rejections from $110,000 have been swift and have put the bears back in control. This has given credence to calls that the Bitcoin price will fall back below the psychological level of $100,000, something that could trigger another wave of declines in the crypto market. Bitcoin Rejection At $110,000 Part Of The Plan? The Bitcoin price rejection has no doubt triggered a wave of panic among investors, many of whom believe that this is the end of the cycle. However, a crypto analyst has suggested that the pullback is part of the larger plan as the largest cryptocurrency by market cap moves on its way to new all-time highs. Related Reading: Bitcoin Risks Pullback To $105,000 After Facing Rejection Above $110,000 In the analysis, they explain that the digital asset is currently at a point where it is undergoing significant distribution, and this will explain the decline in price. The pullback in and of itself is no cause for alarm, as minor corrections after major surges are normal. In addition to this, there is a lot of accumulation going on as Bitcoin moves from the hands of old investors into the hands of new investors at a higher cost basis. The accumulation is expected to move Bitcoin into the next bullish wave. This bullish wave is the next step in the trend as the BTC price moves into place for the next price surge. Once the volume moves upward as expected, then the asset’s price is expected to follow in succession. BTC Price Could Hit $130,000 Target After Breakout Going by the analyst’s chart shared on the TradingView website, the Bitcoin price correction is not expected to last for long. Mainly, holding the $107,000 support becomes paramount at this level as this could set the launchpad point for the next bullish impulse. Related Reading: XRP Price Forms Flag Pattern Above Accumulation Zone That Points To $5 Target The completion of the accumulation phase puts the next breakout level as high as $130,000, which would be an over 20% increase from the current level. However, this may not be the end as the crypto analyst has set a swing target for as high as $150,000. As for the timeline for when this could happen, the crypto analyst places a long-term target for the end of the year 2025. But there is also the possibility that the trend would be completed sooner and the Bitcoin price could reach its target and new all-time highs before the year runs out. Featured image from Dall.E, chart from TradingView.com

Bitcoin’s blistering second-quarter advance is tracking the strongest expansion in global liquidity on record, according to Real Vision chief crypto analyst Jamie Coutts, who argues that every additional percentage point of liquidity injected into the financial system “should” translate into a 20% gain for the cryptocurrency. 1% Liquidity = 20% Bitcoin? Writing on X, Coutts observed that his proprietary Global Liquidity Index broke to a fresh all-time high on 10 April after three years of drift and that, in the nine weeks since, Bitcoin has rallied about 40 percent. “Bitcoin has rallied 40% since April 10 which was when my global liquidity aggregate (GLI) after 3 years broke out to new all time highs on the back of a plummeting US dollar. Since then the aggregate is up 2%. Bitcoin’s Q2 rally is entirely consistent with liquidity regimes of this nature.” He added that “while Bitcoin’s sensitivity to GLI moderates over time, for every extra 1 percent of liquidity added to the system we should expect to see a > 20 percent move in the price of Bitcoin,” he said, further claiming that the steady inflow of capital “doesn’t account for the inevitable ‘oh shit’ moment of panic buying that is going to happen… eventually. It will be best of times, it will be the worst of times.” Related Reading: Bitcoin Options Traders Expect Quiet—But On-Chain Data Suggests Chaos The chart he shared, reproduced above, overlays his GLI (white) with daily Bitcoin prices (orange) from 2018 through June 2025. It shows the index pressing to roughly $138 trillion while Bitcoin changes hands near $108,000, underscoring the tight directional relationship between the two series across several liquidity cycles. Coutts builds the indicator by combining G4 central-bank balance sheets, broad money aggregates such as M2, and key US liquidity accounts including the Treasury General Account and the Federal Reserve’s reverse-repo facility. Since the April breakout the GLI has added only about two percentage points, yet Bitcoin’s market value has already risen by twice the elasticity implied by his model—an outcome he considers “entirely consistent” with prior liquidity regimes, which tend to produce the sharpest price response early in the cycle. Related Reading: Bitcoin Is Wildly Undervalued, Says Bitwise: ‘Fair Price’ Today Is $230,000 For now, he sees little evidence that the GLI’s momentum is cresting; with the Federal Reserve still draining its reverse-repo facility, the People’s Bank of China quietly expanding its balance sheet, and the European Central Bank hinting at renewed long-term refinancing operations, the backdrop remains structurally bullish even if it won’t be a straight line. Looking further out, mainstream liquidity research suggests modest but persistent growth: most macro desks expect the global aggregate to rise roughly one to six percent over the next twelve months, three to eight percent cumulatively by mid-2027, and on the order of ten to fifteen percent by the turn of the decade as governments roll over record debt loads and central banks normalise balance-sheet policies. If Coutts’ rule of thumb holds, even the low end of those projections would leave ample headroom for triple-digit percentage gains in Bitcoin before 2030. At press time, BTC traded at $107,676. Featured image created with DALL.E, chart from TradingView.com

Bitcoin has faced a lot of resistance above $110,000, suggesting the bears are trying to keep the digital asset from reclaiming its all-time high levels. This has been obvious with multiple rejections above $110,000 over the last few days, while the bulls have held support above $108,000. This trend plays into an analysis published by crypto analyst TehThomas, who had forecasted the rejection from $110,000. But what’s more interesting is where Thomas sees the price going from here. Bitcoin Could Drop For Shallow Pullback In the analysis, Thomas explained what is happening with the Bitcoin price and why the pullback could happen. This begins with the breakout after falling toward $100,000 and then bouncing back again. The digital asset was able to quickly clear multiple fair value gaps on the 4-hour timeframes to claim its spot above $110,000. Related Reading: Positioning For Altcoin Season: Analyst Reveals When To Buy As Bitcoin Dominance Rises The crypto analyst explains that this move has triggered a shift in the sentiment toward the positive, and this has been followed by rising volumes, as well as impulsive candles. In all, this is quite bullish for the cryptocurrency. However, there is still a risk of a price decline from here. After filling multiple fair value gaps with strength, the crypto analyst believes this has set a precedent for the Bitcoin price. He expects the same pattern to play out for the cryptocurrency, which includes a rapid rise before a shallow pullback, and then a continuation from there. BTC Pullback Into $104,000 Territory The Bitcoin price recovery above $110,000 seems to have created a fair value gap below $107,000, which the crypto analyst believes will need to be filled. If this is the case, then it is possible that the price rally will not continue until this condition is fulfilled. Nevertheless, a pullback to the level would not be bearish, but rather provide a bounce-off point for the price recovery. Related Reading: XRP Price: Analyst Says Expect Biblical Move Before Historic Crash – Here Are The Targets Thomas referred to this trend as “a classic breakout-fill-continue sequence”, and the next thing in line is to fill the fair value gap. According to the shared chart, the crypto analyst sees the pullback taking the price back down below $105,000 and into the $104,000 territory before its next bounce. This would mean a 5% pullback, and going by the trends from this year so far, something that would be bad for altcoins. However, the conclusion remains that Bitcoin is still bullish from here. Once the fair value gap is filled, a strong push upward is expected, possibly toward new all-time highs. “I’m expecting a controlled retracement to fill the new 4H imbalance, after which price could continue pushing toward the major resistance area,” the analyst said. “The momentum is clean and structured—until that changes, continuation remains the more likely path.” Featured image from Dall.E, chart from TradingView.com

Bitcoin is once again knocking on the door of price discovery, but researchers at Bitwise Asset Management argue that spot quotations still understate what the network is worth. In their Week 24 Crypto Market Compass circulated late Tuesday, Dr. André Dragosch, Bitwise’s Head of Research for Europe, and analyst Ayush Tripathi calculate that “quantitative models estimate Bitcoin’s hypothetical ‘fair value’ amid the current sovereign default probabilities at around $230,000 today.” The figure implies a premium of just over 110 percent to the market price, which was hovering near $109,600 at press time on 11 June 2025. Bitcoin’s ‘True Worth’ Is Explosive Dragosch ties that assessment to the rally in sovereign-risk hedges. United-States one-year credit-default-swap spreads are trading near half-percentage-point territory—levels last seen during the 2023 debt-ceiling scare—reflecting “broader concerns over the US fiscal deficit,” Reuters reported last week. “Bitcoin can provide an alternative ‘portfolio insurance’ against widespread sovereign defaults as a scarce, decentralised asset which is free of counterparty risks,” the note argues, adding that net interest outlays projected by the Congressional Budget Office point to a tripling of US debt-service costs to roughly $3 trillion by 2030. Related Reading: Bitcoin Skyrockets Past $108,000 Amid US-China Tariff Discussions The macro backdrop, however, is not the only pillar supporting Bitwise’s fair-value call. The firm’s in-house Cryptoasset Sentiment Index shows twelve of fifteen market-breadth gauges trending higher, while the cross-asset risk-appetite index (CARA) compiled from equities, credit, rates and commodities has surged to a five-year high. “Both cryptoasset and cross-asset sentiment are now decisively bullish,” Dragosch writes, noting that Bitcoin’s climb back above $110,000 places it within two percent of the all-time high near $112,000 set in May. On-chain data remain constructive. Exchange reserves have slipped to 2.91 million BTC—about 14.6 percent of the circulating supply—after whales withdrew an estimated 390,632 BTC last week. At the same time, net exchange-spot outflows slowed to roughly $0.53 billion from $1.78 billion the previous week, suggesting lighter profit-taking pressure. Derivative positioning echoes the spot-market resilience. Aggregate Bitcoin futures open interest added 2,200 BTC across venues, while the CME leg gained 6.4 k BTC. Funding rates on perpetual swaps stayed positive overall despite flipping negative for parts of the weekend, and the three-month annualised basis held around 6.3 percent. In options, open interest expanded by 27,300 BTC, with the put-to-call ratio settling at 0.55; one-month 25-delta skew remained modestly negative, implying continued demand for downside hedges even as realised volatility slipped to 28.2 percent. Institutional flows are reinforcing the bullish tone. Global crypto ETPs absorbed $488.5 million last week, of which $254.9 million went into Bitcoin products. US spot Bitcoin ETFs led the charge with $525 million of inflows, counterbalanced by a $24.1 million weekly leak from the Grayscale Bitcoin Trust. Bitwise’s own BITB vehicle attracted $78.1 million, while its European physical Bitcoin ETP (BTCE) saw only marginal outflows. Ethereum products also enjoyed $260.9 million in net inflows, maintaining the broad-based risk bid. Related Reading: Bitcoin & Ethereum Diverge—ETF Flows Just Flipped The Narrative Bitwise concedes that headline risk can still provoke sharp, short-lived drawdowns—last week’s spat between Elon Musk and President Donald Trump briefly drove BTC back to $100,000—but sees structural forces firmly tilted to the upside. “US economic policy uncertainty has most likely passed its zenith already and continues to decline at the margin,” Dragosch writes, pointing to May non-farm-payroll growth of 139,000 and a moderation in recession odds. With Bitcoin already outperforming traditional assets year-to-date and cross-asset sentiment now confirmed by Bitwise’s indicators, the analysts argue that the market is beginning to price the asset less as a speculative vehicle and more as a macro hedge. Whether traders embrace the $230,000 fair-value marker hinges on the same variables underscored in the note—sovereign-risk premiums, policy uncertainty and the pace of institutional adoption—but the groundwork, they say, is visible on-chain, on desks and in the flow data. “Bitcoin also reclaimed 110k USD and is close to its previous all-time high,” the report reminds readers. For Bitwise, that proximity is not an end point but a staging area: the monetary asset’s intrinsic value, they conclude, resides “considerably further north.” At press time, BTC traded at $109,617.   Featured image created with DALL.E, chart from TradingView.com

After days of testing a resistance zone at $106,000, Bitcoin has finally broken above the $107,000 mark to confirm a strong bullish momentum that has been building since early June. The breakout, which has seen Bitcoin reclaim $110,000 briefly in the past 24 hours, follows several failed attempts to close above this pivotal level.  Technical analysis of the Bitcoin price indicates that the breakout above $107,000 has given bulls back control. Particularly, technical analysis from crypto analyst Michaël van de Poppe suggests that Bitcoin’s price will accelerate for the rest of the week.  $106,500 Confirms Strength, Analyst Eye Accelerated Move Over the past few days, Bitcoin’s price structure has been forming a rounded base with higher lows, gradually coiling under a support turned resistance. Now that the breakout has occurred, bulls seem to be back in control. Related Reading: Why The Bitcoin Price Could See Another 70%-170% Jump From Here According to Michaël van de Poppe, a widely-followed crypto analyst on the social media platform X, the decisive moment came after Bitcoin cleared the $106,500 resistance, a level he previously mentioned he’s looking at. In his post, he noted that as long as Bitcoin maintains support above this zone, momentum will continue to shift in favor of buyers. Specifically, he pointed out that day traders are likely to pile in with new long positions, while short sellers are either closing their positions or getting squeezed out entirely. Both of these actions will continue to generate buying pressure, at least in the short term. This shift in market structure has already begun to play out. As the chart below shows, the previous resistance zone around $107,000, which was a strong support during the earlier ATH moves in May, has now flipped. This zone had repeatedly rejected price advances, acting as a price ceiling since May 30. Now, with the breakout confirmed and volume increasing, the analyst expects a swift rally toward $108,900 and beyond for the rest of the week. Bulls Prepare For New Bitcoin All-Time High The timing of this breakout also coincides with the start of the trading week, which Van de Poppe describes as a great start to the week and a continued upside for the remainder of the week. More often than not in this cycle, Bitcoin has exhibited sentiment surges early in the week that persisted throughout the week. If Bitcoin can consolidate above the $107,000 to $108,000 range without falling back into the previous structure, it could enter a new price zone as soon as the $111,000 barrier is breached. Related Reading: Bitcoin Diamond Hands Are Buying Again, Here’s Why It’s Bullish For The Market With increasing interest due to ETF inflows, it could serve as the launchpad for Bitcoin’s next major leg up, carrying it toward new all-time highs before the end of June. At the time of writing, Bitcoin is trading at $109,455, having recently reached an intraday high of $110,237. The leading cryptocurrency is currently only about 2.5% away from setting a new all-time high. Featured image from Getty Images, chart from Tradingview.com

With the recent Ethereum price trend, a crypto analyst has pointed out that the altcoin could be looking to stage a similar rally to what was seen with Bitcoin back in 2021. Crypto analyst TradingShot pointed out the similarities in a recent analysis and showing where the price could go if it does play out the same way. Ethereum Looks Like Bitcoin Did In 2021 In the analysis posted on TradingView, crypto analyst TradingShot showed how this Ethereum cycle movement looked similar to Bitcoin’s 2021 cycle movement. The first of this was recovery from a major price crash that led to new cycle lows for the cryptocurrency, before staging a recovery that pushed it toward new highs. Related Reading: Is Altcoin Season Still Coming? Why Bitcoin Is To Blame Despite Making ATHs For Bitcoin, the crash happened when the COVID-19 lockdown was announced. Following this, the Bitcoin price had fallen more than 50% from above $9,000 to less than $4,000 in less than one month. However, after this, the Bitcoin price rebounded from the cycle lows, crossing the 1-week MA50, and then breaking the lower high trendline, and going on to reach new all-time highs. For Ethereum, the crypto analyst pointed to the price crash triggered by Donald Trump’s tariff wars as being similar to Bitcoin’s COVID crash. After Donald Trump announced tariffs on other countries, the Ethereum price also crashed by a large margin, going from above $2,400 to below $1,500 in less than a month. This has been dubbed the ‘Trade War Crash’, and the altcoin is still reeling from the decline. Currently, the Ethereum price is stuck at the point where it is still trying to break above the 1-week MA50, which is now the major level to beat to confirm this trend. Just like Bitcoin, it has also seen the formation of major resistance at the lower highs, and this sits right at the $4,200 level. This means the Ethereum price still has around a 50% rally to complete before it confirms a similar trend to Bitcoin. How High ETH Price Could Go If It Plays Out If Ethereum does reclaim the 1W 50MA and then breaks the lower highs at $4,200, confirming this trend, then the resulting rally could be exceptional. For example, after breaking the lower highs, the Bitcoin price went on to reach new all-time highs of $69,000 in 2021. This means that the price went from below $4,000 to $69,000 in the space of a year. Related Reading: Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric A similar rally would mean that the Ethereum price would rise above $10,000. Taking the same timelines into position, it would put ETH at this price sometime in 2026, a year from when the Trade Wars crash had occurred. A closer parabolic rally and an imitation of Bitcoin’s 1,700% rally would mean a price tag above $15,000 for the second-largest cryptocurrency in the space. Featured image from Dall.E, chart from TradingView.com

Bitcoin (BTC) is trying to reclaim a crucial area amid its recent price recovery, which could propel the flagship crypto toward new highs. Some analysts suggested that BTC is preparing for the “final resistance,” while others warned that it still risks a potential pullback to lower levels. Related Reading: Solana Triangle Formation Breakout Targets Rally To $164 – Is A Recovery Around The Corner? Bitcoin Rally Eyes Next Resistance Bitcoin has finally regained significant bullish momentum after printing a massive daily candle on Monday. The flagship crypto recently lost its post-all-time high (ATH) range of $106,800-$109,700, sparking concern among some investors. Amid the recent market pullbacks, which began in late May, the flagship crypto also registered some volatility, losing key levels as support and hitting a one-month low near the $100,000 level last week. However, BTC reclaimed the $105,000 mark over the weekend before surging above the $106,800 crucial resistance on Monday. Following this performance, analyst Rekt Capital stated that Bitcoin has successfully retested the $104,400 re-accumulation range high resistance as new support for four weeks. He highlighted that BTC was “rebounding from this new support base in an effort to transition into Price Discovery again.” Additionally, Bitcoin ended its two-week downtrend, recording a Daily Close around the $110,500 area. Per the analyst, BTC “has skipped through the $106,600-$109,443 Daily Range entirely,” and is “once again positioning itself like in late May for a retest” of the range’s high as support, which propelled the price to its ATH last month. A daily close above the $109,443 level would set up BTC for a revisit of the “final Daily resistance,” around the $111,723 mark, before a new ATH. The analyst also affirmed that reclaiming the “final weekly resistance” of $108,900 as support would also add to BTC’s momentum. BTC In A ‘Dangerous Area’? Analyst Crypto Jelle suggested that turning the $108,000 price area into support could send Bitcoin to the price discovery phase, potentially targeting the $120,000 mark. He noted that previous unsuccessful breakout attempts failed to reclaim this level, but that the cryptocurrency is currently holding this area. Based on a multi-month pattern, Jelle also reaffirmed its $140,000-$150,000 target for BTC’s cycle top. The analyst highlighted a major inverted Head and Shoulders pattern forming since the end of 2024. According to the post, the pattern is “nearing completion” after the recent price drop formed the right shoulder, while the neckline sits around the $111,000 mark. A breakout above this level could send Bitcoin to Jelle’s cycle top target. Related Reading: Ethereum Price Eyes 38% Jump To $3,500 As 50EMA Swims Into View Altcoin Sherpa considers that BTC’s chart “looks pretty good” in the high-time timeframes, suggesting that he will be “bullish until shown otherwise.” However, he warned that Bitcoin is “still in a dangerous area” as it could drop to lower levels if it doesn’t reclaim the $110,000 level. To Sherpa, “it’s logical to assume some sort of pullback is going to come in the red supply zone,” which sits between the key resistance line and its ATH level. Meanwhile, Ali Martinez highlighted on X that BTC’s most important support area sits between the $102,770 and $106,090 levels, where 2.21 million addresses bought 1.39 million BTC. As of this writing, Bitcoin trades at $109,995, a 3.6% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

The Bitcoin price is still holding above $100,000 despite suffering a crash right before the weekend. It has since bounced back from the $104,000 level, suggesting that bulls are making their stand at this major psychological level. Now, with the crypto market sitting at what looks to be a critical point, questions are arising about what the next step could be from here. Can Bitcoin still rally, or is this the end of a rather short and underwhelming bull market? Bitcoin Price Still Has A Long Way To Go Crypto analyst Doctor Profit has been a vocal voice when it comes to the bullishness of the Bitcoin price. He has continued to call for higher prices even at a time when the wider community is expecting the cryptocurrency to keep falling from here. In fact, the crypto analyst believes that the leading crypto could see its price double from here, despite already hitting multiple new all-time highs. Related Reading: Ethereum Head & Shoulders Pattern Breakdown: Can Bulls Reclaim Control? In a post on X, Doctor Profit explained the reasoning behind this and why he believes that the Bitcoin price still has room to run. The first thing he pointed to was the fact that a rare Golden Cross had appeared on the Bitcoin price chart. This happened three weeks ago, and back then, the analyst called out the chart formation, explaining that this meant that the bull run was not over. This is because every time Bitcoin had flashed a Golden Cross in the past, it had been the start of another massive run. Just like now, it is first followed by a 10% decline in price, which was achieved when Bitcoin fell from $111,900 to $100,000. Now that the first part of the trend seems to have been fulfilled, expectations are that the other parts will play out similarly. In addition to this, he explains that Bitcoin has also formed its diagonal resistance, which it is now looking to break out from. A successful break would put it back above $108,000 as it gears up for the next leg-up. Macro Factors That Support The Thesis Not only does the chart technicals show this possible recovery, but the upcoming Consumer Price Index (CPI) data, expected to be released on Wednesday, plays into this as well. Doctor Profit explains that Wall Street is already expecting the CPI to come in at 2.5%, a rather high number. Related Reading: Dogecoin’s Growth Pattern Hints At Massive June–July Rally After 5-Month Pullback Instead, he believes that the CPI will come in lower, putting it between 2.1% and 2.3%. A lower figure would mean that there is a slowdown in inflation, allowing room for more risk-taking and pushing markets such as stocks and crypto higher. Also, there is the matter of the negative funding rate, which suggests that there are more shorters in the market right now, expecting the price to tank. Data from Coinglass shows the Bitcoin funding rate has dropped to one of the lowest levels this year, and the analyst says this is a sign of a healthy market. “Overall, I see a strong trend and markets will continue to rise with first targets between 108-110k, and this is by far not the end,” Doctor Profit said. “The golden cross is promising us between 70-170% in gains in the coming months!” Featured image from Dall.E, chart from TradingView.com

Singapore-based trading firm QCP Capital opened its Monday note with a blunt assessment: “Implied vols continue to come under pressure, with BTC stuck in a tight range as summer approaches.” In the options house’s telling, the market is drifting into the northern-hemisphere holiday season much as it did a year ago, when one-month at-the-money (ATM) volatility collapsed from 80 vols in March to barely 40 vols by July and spot repeatedly “failed to decisively breach the $70k level.” The difference this year is the new, higher plateau: BTC has sat between $100,000 and $110,000 for most of the past three weeks. The calm is visible beyond Deribit’s options screens. Deribit’s DVOL index, which tracks 30-day implied volatility, is hovering just above 40—one of its lowest prints in more than two years. Realised volatility is even quieter, so even one-year lows on implieds still look “optically rich,” QCP argues. That valuation gap has encouraged traders to sell gamma: perpetual open interest has slipped and the favourite hedge-fund basis trade—long spot via the new ETFs, short futures—has unwound, taking what QCP calls “the natural bid for vol” out of the market. Related Reading: Bitcoin At A Crossroads: $97,000 Cost Basis Holds Key To Next Breakout Flows in the listed options market confirm the malaise. Dealers report that July upside strikes around $130,000 and $140,000 are being rolled out to September “in meaningful size,” effectively pushing bullish timelines further down the curve. Meanwhile, Deribit’s put-skew has flattened as short-dated hedges expire worthless—a dynamic that often precedes a directional move once macro catalysts arrive. This Week Could Break Bitcoin’s Lull Those catalysts line up uncomfortably close. On Wednesday the Bureau of Labor Statistics will publish May consumer-price data. April’s headline CPI rose a modest 0.2% month-on-month and 2.3% year-on-year, while core prices advanced 0.2% on the month and 2.8% on the year. Economists look for headline CPI to quicken to 0.3% on the month and 2.5% year-on-year, with core CPI seen edging up to 0.3% and 2.9% respectively. Producer prices follow on Thursday: April’s PPI fell 0.5% on the month yet still printed 2.4% year-on-year. The consensus expects May PPI to rebound 0.2%, leaving the annual rate near 2.4%. Inflation is not the only macro variable in play. Friday’s stronger-than-expected US non-farm payrolls report—139,000 jobs versus a 130,000 consensus—rekindled dollar strength and knocked gold more than one percent lower, but BTC “remained conspicuously unmoved,” QCP noted. The same divergence is visible this morning: US equity futures are slightly softer, spot gold is bid on safe-haven demand, and bitcoin is trading virtually unchanged. Geopolitics may supply the spark that inflation data has so far failed to ignite. Senior US and Chinese officials meet in London today (Monday) in what both sides are calling a push for a limited trade deal that would dial back export-control threats and myriad retaliatory tariffs. The talks matter for crypto because tariffs have been feeding directly into the CPI basket and—via global risk sentiment—into bitcoin demand. “A clean break below $100k or above $110k would likely reawaken broader market interest,” QCP wrote, “but we currently see no obvious near-term catalyst to drive such a move.” Trade headlines could change that calculus in a single newsflash. Related Reading: Crypto Analyst Says This Bitcoin Top Signal Hasn’t Gone Off Yet — What To Know Institutional positioning likewise hints at fatigue. US regulatory filings show that large hedge funds trimmed spot-ETF holdings in the first quarter as the lucrative cash-and-carry spread compressed. Net inflows across the 11 US bitcoin ETFs have slowed to a trickle since late May, leaving cumulative additions at roughly $44 billion—unchanged for almost a fortnight, according to Farside data. For now, the market’s centre of gravity is exactly where QCP says it is: inside the $100,000–$110,000 corridor. Volatility sellers continue to collect premium, and the risk-reward for momentum traders remains poor. Yet with CPI, PPI and high-stakes trade negotiations all landing inside a 72-hour window, the premium that option writers are harvesting could quickly look meagre. If the inflation data surprise to the upside, a repricing of Fed-cut expectations could turn last week’s equity rally into a risk-off wobble, yanking bitcoin below six figures for the first time since April. Conversely, a benign print combined with even a symbolic easing of tariff rhetoric could flip the narrative to “soft landing, structural bid via ETFs,” reigniting topside optionality into the June quarter-end. In that scenario the rolled-out September $140,000 calls might come alive far sooner than their buyers now expect. Either way, the clock on bitcoin’s summer doldrums is ticking loudly. “Without a compelling narrative to spark the next leg higher, signs of fatigue are emerging,” QCP warns. The narrative candidates arrive this week; whether they supply ignition or simply more noise will decide whether 2025’s range trade breaks—or cements itself as the dominant theme of another crypto summer. At press time, BTC traded at $107,919. Featured image created with DALL.E, chart from TradingView.com

Bitcoin is making waves once again, flashing strength on the weekly chart as it closes well above key moving averages. With momentum indicators still favoring the bulls and no signs of exhaustion in sight, the current setup hints that the rally might be far from over. Could this be the beginning of an even bigger breakout? Bitcoin Stays Elevated: Bulls Show No Signs of Fatigue In a recent update shared on X, Shaco AI highlighted Bitcoin’s continued bullish momentum, pointing to strong weekly performance on the BTC/USDT chart. The analyst noted that BTC has “ballooned past recent expectations,” closing the week at an impressive $105,700. Related Reading: Bitcoin At A Crossroads: $97,000 Cost Basis Holds Key To Next Breakout This places the asset well above its 25-week Simple Moving Average (SMA) of $95,009.55 and the 50-week SMA at $83,318.12, an encouraging technical signal that suggests Bitcoin’s uptrend remains firmly intact. As Shaco AI put it, “The party isn’t over yet,” hinting that bullish sentiment could carry BTC even higher. Technical indicators further support this upbeat outlook. The Relative Strength Index (RSI) currently reads 63.51, indicating that buying momentum remains robust without entering overbought territory. This suggests that traders are still comfortable accumulating at current levels, and the market hasn’t yet reached a point of exhaustion.  Furthermore, the Moving Average Convergence Divergence (MACD) remains firmly in positive territory at 5835.33. The MACD’s positioning reflects steady buyer interest and a favorable trend structure, both of which are crucial for sustaining an upward move.  Volume Slackens While Price Nears Critical Resistance Zone The analyst went on to point out that despite the bullish setup currently seen on Bitcoin’s chart, the enthusiasm might be tempered by softening trading volume. Specifically, trading volume has only reached 95,302, significantly lower than the average volume of 179,421.  Related Reading: Bitcoin Price Slips Again, Triggering Fresh Fears of a Deeper Correction This discrepancy signals a noticeable dip in market participation, raising the question of whether the ongoing price rally has enough fuel to sustain its momentum in the short term. As the analyst emphasized, this drop in volume is worth watching closely since it may influence the momentum of next week’s price action. Looking at the broader picture, Bitcoin is approaching a major resistance level at $111,980. This key barrier represents a potential turning point; either it gets broken and paves the way for further upside, or it holds and prompts a short-term correction. Should a pullback occur, the analyst noted that BTC appears to have a comfortable support zone at $49,000, which could act as a solid cushion. In any case, the analyst suggests keeping a close eye on how these technical levels play out, as they could dictate Bitcoin’s next big move. Featured image from Getty Images, chart from Tradingview.com

Over the last few weeks, the Bitcoin price has been on an upward trajectory, propelled forward mainly by institutional adoption and buying. This has seen the Bitcoin price rally to new all-time highs at $111,900, and has remained above $100,000 despite a turn in market sentiment toward the negative. However, this support has not bolstered confidence, with one analyst predicting that the leading cryptocurrency has seen the end of this bull cycle. Bitcoin Price Completes Elliot Wave Theory The Elliot Wave Theory is a chart pattern that has been widely used as Bitcoin has become more mainstream in an effort to predict where the price may be headed next. The theory consists of five full waves, at the end of which lies a bearish trend for the digital asset. So far, the Bitcoin price has been moving through different waves according to different analysts. But Sniper Academy on the TradingView platform has revealed that the five waves have been completed. Related Reading: Ethereum Head & Shoulders Pattern Breakdown: Can Bulls Reclaim Control? Using the 1-month Bitcoin price chart, the crypto analyst shows that there have been five different waves completed. The latest all-time high peak above $111,900 is shown to have been the fifth and final wave, suggesting that this bullish impulse is complete. Given that the Bitcoin price has now completed this theory, the crypto analyst explains that this means that the cryptocurrency has now hit the upper boundary of a long-term ascending channel. Simply put, this is very bearish for the digital asset as this means an end to its upward trajectory. Right now, the analyst showed that the Bitcoin price is already forming divergence after the completion of the fifth wave. This has triggered a weakness in the momentum and has come as a result of resistance forming between $76,000 and $111,000. This trend shows that a potential double top has been created, and that means that there is nowhere for the Bitcoin price to go now but down. BTC Price Targets $31,000 Bottom Given the fact that the crypto analyst believes that the Elliot Wave Theory has played out and the five waves have been completed, the next expectation is a sharp drop in the Bitcoin price. The first move is expected toward $66,000, which would be an almost 50% decline in price from here. Related Reading: Dogecoin’s Growth Pattern Hints At Massive June–July Rally After 5-Month Pullback However, this is not the worst of it, as the crypto analyst sees the cryptocurrency still breaking down to $53,000. Then, if this level does fail to hold, then a fall all the way down to as low as $31,000, serving as the bottom of the channel. This also coincides with the 0.618 Fibonacci retracement. Once the Bitcoin price is back at $31,000, the crypto analyst believes that accumulation would begin at this key zone. This will then serve as the important level that will drive the start of the next major bull cycle. Featured image from Dall.E, chart from TradingView

The price of Bitcoin has been in a good recovery form since succumbing to the bearish pressure from the ongoing feud between United States President Donald Trump and Elon Musk. The premier cryptocurrency climbed above the $105,000 mark in the early hours of Saturday, June 7. According to the latest on-chain data, the Bitcoin price looks set to continue its upward trajectory over the next few days. What Negative Leveraged Traders’ Sentiment Means For Price In a new post on the X platform, data analytics firm Alphractal shared fresh on-chain insights into the recent movement of the Bitcoin price. According to the market intelligence firm, the major catalyst of BTC’s latest recovery is the sudden shift in the market sentiment. Related Reading: Bitcoin Golden Cross Pattern Says The Crash To $100,000 Is Normal – What To Expect Next This on-chain observation is based on the Leveraged Traders’ Sentiment, which tracks the outlook or positioning of leveraged traders in the market. It provides insight into the kind of bets (longs or shorts) that leveraged traders are placing in the crypto market and the funding rates of the derivatives market. Data from Alphractal shows a rising interest in opening short positions in the Bitcoin market, with most retail traders betting on a price decline. Ultimately, this on-chain trend suggests that the sentiment in the Bitcoin derivatives market is currently bearish. However, Alphractal noted that this kind of behavior might not be as straightforward as it looks, as the market historically tends to move in the crowd’s opposite direction. Hence, when several traders are betting on a Bitcoin price decline, the flagship cryptocurrency tends to witness a contrasting market bounce. Alphractal said: When sentiment becomes excessively bullish or bearish, the market tends to do the opposite. Therefore, this metric is not just a sentiment gauge — it’s also a warning signal for potential contrarian moves that often catch traders off guard. According to the analytics firm, this is exactly what is currently happening in the Bitcoin market, with the market leader bouncing back despite the negative traders’ sentiment. Interestingly, if these leveraged traders continue to bet against Bitcoin, the BTC price could potentially ride this fresh bullish momentum to a new all-time high. Bitcoin Price At A Glance As of this writing, BTC is valued at around $105,700, reflecting an almost 2% increase in the past 24 hours. Following the latest resurgence, the premier cryptocurrency is now up by more than 1% on the weekly timeframe. Related Reading: Bitcoin Recovers From $100K Dip While On-Chain Data Shows Rising Miner Activity Featured image from iStock, chart from TradingView

The story has been somewhat the same for the price of Bitcoin over the past week, drifting further from its recently-notched all-time high of $111,814. On Friday, June 6, the premier cryptocurrency fell towards the $101,000 level, reflecting an uptick in the market volatility over the past few days. While the Bitcoin price has quickly recovered from this sudden downturn, there is still real concern about the market leader’s performance since reaching its record-high value. However, a new indicator suggests that the price of BTC might still have some time to run up to a new high. Analyst Predicts Four Months Of Opportunity For BTC In a recent post on the X platform, crypto expert Joao Wedson revealed that there might still be some degree of opportunity in the Bitcoin market. This observation is based on a model, which was accurate in predicting past all-time high prices for the world’s largest cryptocurrency by market capitalization. Related Reading: Traders Turn Bearish on Bitcoin Following High-Profile Political Tensions, Data Shows This revelation is based on the Max Intersect SMA Model (the blue line), which has accurately identified the tops of past Bitcoin cycles. According to Wedson’s post, this cycle top prediction model suggests that the price of  BTC could still have around four months of upward growth potential — regardless of the volatility and market shakeout. As seen in the chart above, the price of Bitcoin reaches its current cycle peak whenever the Max Intersect SMA (simple moving average) hits the previous cycle top. In the 2021 cycle, the top prediction model hit the 2018 high of around $19,000 in November 2021, culminating in a then-all-time high of $69,000. Hence, when this Max Intersect SMA hits exactly $69,000 — the price top in the last cycle, that will represent the peak of this current cycle. Wedson also asserted that this model is pretty reliable, as it is backed by 200 tested algorithms. With this top prediction model still a bit off $69,000, the Bitcoin price might still be some months away from its peak.  Bitcoin Price At A Glance As mentioned earlier, the price of BTC seems to be struggling after recently hitting its current all-time high above the $110,000 mark. This week’s performance must have tested investors’ patience as the flagship cryptocurrency mostly traded within a consolidation range. Related Reading: Ethereum Stabilizes After Market Drop – Key MA Reclaim Could Trigger A June Rally According to data from CoinGecko, the BTC price is up by a mere 0.2% in the last seven days. As of this writing, Bitcoin is valued at around $104,400, reflecting an over 2% price increase in the past 24 hours.  Featured image from iStock, chart from TradingView

The Bitcoin price has continued to trade sideways since hitting a new all-time high (ATH) of $111,900 earlier in May. Amid the current price action, crypto analyst Decode has provided insights into whether the leading crypto will rally to $120,000 or drop below $100,000 next.  Analyst Reveals What’s Next For The Bitcoin Price In an X post, Decode shared an accompanying chart in which he made an ABC wave analysis of the current Bitcoin price action. Based on his analysis, the leading crypto is expected to drop below $100,000 before it rallies to a new ATH of $120,000. The chart showed that BTC could fall to as low as $96,500 on the Wave B corrective move.  Related Reading: Bitcoin Price Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next This drop to $96,500 is expected to happen this month. Once that is done, Decode predicts that the Bitcoin price could rally above $120,500 before the end of July. This will mark the Wave C impulsive move to the upside. This aligns with veteran trader Peter Brandt’s prediction that BTC could reach as high as $150,000 by late summer. However, crypto analyst KillaXBT has predicted that the Bitcoin price could hit the $120,000 target by mid-June. This coincides with the June FOMC meeting, which is scheduled for June 17 and 18. A Fed rate cut could serve as the catalyst for such a parabolic rally from the current BTC price level.  According to CME FedWatch data, there is a 97.4% chance that the Fed would keep interest rates unchanged. As such, market participants aren’t expecting a rate cut, which is why the Bitcoin price could pump massively if Jerome Powell and the FOMC were to surprise everyone. Moreover, US President Donald Trump yesterday urged the Fed to cut rates by a full point.  A Breakout Might Be On The Cards In an X post, crypto analyst Titan of Crypto suggested that a breakout could be imminent for the Bitcoin price. He noted that BTC is progressing inside a 4-hour falling wedge, which indicates a bullish reversal pattern. If confirmed, the analyst stated that the breakout could target the $107,500 and $109,500 zones, which are the Fibonacci confluence areas.  Related Reading: Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens Crypto analyst Kevin Capital highlighted the solid V-shape recovery for the Bitcoin price after the leading crypto dropped to as low as $100,000 on May 5. However, the analyst noted that BTC’s rebound back to the $105,000 zone won’t matter until it breaks above the $106,800 level. The leading crypto must also show actual follow-through with 3-day to 1-week closes to support a breakout. At the time of writing, the Bitcoin price is trading at around $105,000. Up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

The Bitcoin price has not had quite the same spark it did at the beginning of the last month so far in June. The premier cryptocurrency has somewhat struggled to break out of a consolidation range since reaching a new all-time high in the month of May. The Bitcoin price recently succumbed to bearish pressure, falling to around $101,000 on Friday, June 6. While the market leader has enjoyed some resurgence to begin the weekend, a prominent blockchain firm has now identified significant levels in the event of a return to the $100,000 level in the coming days. Here Are The Next Support Levels For BTC In a June 6 post on the social media platform X, crypto analytics firm Sentora (previously known as IntoTheBlock) revealed an interesting on-chain perspective on the price of Bitcoin and its latest dip toward $100,000. According to the intelligence platform, there are some significant levels lying just beneath the six-figure valuation threshold. This analysis is based on the average cost basis of several Bitcoin investors and the distribution of the BTC supply around the current price. For context, cost-basis analysis basically evaluates the capacity of a price level to act as support or resistance, depending on the volume of crypto last acquired by investors at this level. As observed in the chart below, the size of the dots directly corresponds with the quantity of BTC  purchased within each price bracket and the region’s capacity to act as support or resistance. This implies that the larger the dot, the higher the number of coins purchased, and the stronger the support or resistance level; the green dots are support (as they are usually below the current price), while the red dots serve as resistance (as they are above the asset price). According to data by Sentora, the Bitcoin price seems to have major support within the $95,000 – $99.000 region due to heavy accumulation by investors. This price zone would serve as an on-chain cushion for the Bitcoin price, as investors with their cost bases around the level are likely to defend their positions by acquiring more coins if the price falls toward the $95,000 – $99,000 zone. Sentora mentioned that if the bulls do defend this support level, the Bitcoin price could be in for an extended rally. On the flip side, the on-chain firm asked investors to expect a surge in volatility if this support level fails to hold. Bitcoin Price At A Glance As of this writing, the price of BTC sits just above $104,400, reflecting an almost 3% increase in the past 24 hours. Related Reading: Traders Turn Bearish on Bitcoin Following High-Profile Political Tensions, Data Shows Featured image from iStock, chart from TradingView

Bitcoin (BTC) is showing signs of repeating a historic Golden Cross pattern that led to a long-term parabolic run. While the cryptocurrency’s recent pullback near the $100,000 region may have alarmed the crypto market, analysts suggest that this move is part of a broader trend that could push BTC to its next price high.  Golden Cross Formation Pits Bitcoin At $150,000 Bitcoin has once again flashed a classic bullish signal, the Golden Cross, prompting renewed optimism for a major price rally in the coming months. According to a technical analysis by ‘Chain Mind,’ a crypto analyst on X (formerly Twitter), Bitcoin may be on the verge of an explosive surge to $150,000 if this historical pattern plays out as expected.  Related Reading: Bitcoin Price Crash To $100,00 Loading: Next Targets Revealed As Bears Take Over The last time BTC formed this pattern was in November 2024. Immediately after the cross’s completion, Bitcoin’s price experienced a 10% correction, followed by a sharp 62% rally over the next several weeks. This behavior established a clear trend of a short-term shake-out preceding a strong bullish continuation.  Now, in early June 2025, Bitcoin has printed another Golden Cross on its chart, and so far, price action appears to be closely mirroring the one from the previous year. Notably, Bitcoin has dropped 8%, suggesting a smaller but comparable corrective phase to the one observed in 2024. Technical projections from Chain Minds now show a possible 51% rally on the horizon from the post-correction bottom. This would potentially place Bitcoin in the $150,000 range by the end of 2025.  Notably, Chain Mind’s analysis identifies Bitcoin’s recent crash toward the $100,000 region as a potential local bottom, with the Golden Cross acting as the catalyst for the next leg of the bull run. If the current historical pattern holds, Bitcoin may be entering a sustained period of upward movement to new all-time highs. With the cryptocurrency already recovering from the brief downturn and now trading at $105,050, a 51% increase would potentially place its price at approximately $158,625 once the historical Golden Cross pattern is fully completed.  Bitcoin Uptrend At Risk If $100,000 Level Is Lost Despite the broader bullish sentiment surrounding Bitcoin, its price is currently navigating a critical trading range between $100,000 and $112,049, which analysts suggest is crucial for maintaining its current optimistic outlook. Crypto Fella, the market expert responsible for this analysis, has shown via a chart that BTC is consolidating within a rectangular band, reflecting a pause in momentum after a sharp upward move earlier in the quarter.  Related Reading: Bitcoin Price Crash Trigger To $96,000: The Head And Shoulders Pattern That’s Forming The crypto analyst has boldly asserted that as long as Bitcoin continues to trade within the range above, there should be little cause for concern for another major crash. However, if the $100,000 mark fails to hold, the next likely target for downside movement is between $97,000 and $95,000, representing a 9.56% and 7.66% decline from current levels, respectively. Featured image from Getty Images, chart from Tradingview.com

One of the reasons that the altcoin season seemed to not have begun until now is the fact that Bitcoin has dominated the market recovery, and thus, the BTC dominance remains very high. For the altcoin season to actually begin, past market performances show that there needs to be a major decline in the Bitcoin dominance. This is the ultimate trigger the market needs to confirm that altcoins will begin their own independent run. Bitcoin Dominance Needs To Fall To 62% The Bitcoin dominance is still trending at a high 64%, and this continues to be a thorn in the side of altcoins. With the dominance this high, the Bitcoin price continues to dictate where the market goes and has seen altcoins suffer crashes as a result of even the tiniest movement triggering a decline in prices. Related Reading: What Happens To The XRP Price If The 2017 Fractal Plays Out Again? However, crypto analyst Quantum Ascend has pointed out an interesting formation in the chart, which is a 7-wave crashing pattern. This pattern has been completed, and this signals a possible drop in the Bitcoin dominance as time goes on. The last phase of the 7-wave pattern was when the dominance hit a peak of 64.6% before declining back down toward 64%. This pattern suggests that the Bitcoin dominance could possibly drop to 62%, which would be good news for those waiting for the altcoin season. The last time that the dominance was this low was back on May 14, and altcoins had rallied hard as a result. For this decline to be completed, the crypto analyst reveals that confirmation lies below 63.45%, as this is the Wave 6 lows. Once this support is broken, a sharp drop toward 62% is expected from here. As the analyst explains, “real momentum kicks in under 62%,” and this is when altcoin season moves with full force. Altcoin Season Is Not Over The topic of a possible altcoin season is currently one of the most debated in the crypto community as market participants remain split on where it is in the cycle. Some have said there will be no altcoin season similar to what was seen in 2021, while others have maintained that it is still possible. Related Reading: Dogecoin Open Interest Averages $2 Billion In June As Price Struggles Below $0.2 One analyst on the X (formerly Twitter) platform has lent their voice, pushing the narrative that the altcoin season is far from over. For a 2021-style altcoin season to happen, though, the crypto analyst says the altcoin market, which excludes the top 10 cryptos by market cap, must break above the $470 billion resistance like it did in previous cycles. Once this happens, then they expect the altcoin season to begin. Featured image from Dall.E, chart from TradingView.com

Amid the Trump-Musk online feud, Bitcoin (BTC) has hovered within the mid-and-low areas of its local price range, hitting a one-month low near the $100,000 support. However, some analysts suggest that the cryptocurrency is preparing for the “real” price jump toward a new all-time high (ATH) Related Reading: SUI Rally At Risk? Analysts Warn Of 30% Dip If This Level Doesn’t Hold Bitcoin Prepares For ‘Real Breakout’ Over the past 24 hours, Bitcoin experienced significant volatility fueled by the online feud between US President Donald Trump and Tesla and X owner Elon Musk. The flagship crypto’s price took a beating on Thursday afternoon after dropping by over 5% from the $105,000 level to the $100,000 support. Before the pullback, BTC had been attempting to reclaim its local mid-range area after its recent performance. Notably, the cryptocurrency traded sideways following its ATH rally to $111,980, hovering between the $106,800 and $109,700 price range. However, the cryptocurrency lost the key $106,800 support amid last week’s market retracement, which saw Bitcoin drop to $102,000 over the weekend. Since then, BTC has been attempting to reclaim the current levels. After yesterday’s drop, the largest cryptocurrency by market capitalization has surged 4.5%, climbing above the $104,000 level. Crypto trader Coinvo highlighted BTC’s one-year chart, pointing to the similarly looking price action between 2024 and 2025. According to the chart, Bitcoin recorded its first major pump after reclaiming its yearly opening level, consolidating within its new range for weeks before climbing to its Q1 2024 ATH. This year, the cryptocurrency has had a similar performance, although delayed, having reclaimed the yearly opening range and surging to the first major price surge in May. Similarly, analyst Alex Clay suggested that Bitcoin is preparing for the “real breakout” following its retests of the range’s mid-zone resistance in Q1 2025 and a “false” breakout last month. To the analyst, “We grabbed the liquidity below the Broken Supply Zone. Now looking for a Real Breakout” toward the $120,000 mark. BTC Price To Range For Two Weeks? The Cryptonomist noted that Bitcoin displays a 3-week bullish falling wedge formation, with the lower boundary sitting around the $101,000 level. Following the recent price drop, BTC bounced from that area, and could break out of the pattern if it reclaims the $105,000 barrier as support, targeting the $118,000-$120,000 levels. Meanwhile, market watcher Daan Crypto Trades highlighted that its price now trades at the mid-range again, near the Monthly opening price. To the trader, “it’s pretty safe to assume that these range high/lows are good triggers for whatever larger trend follows,” as BTC has been having a “relatively large move early in the month.” As he previously explained, Bitcoin tends to set its monthly high or low during the first week of the month, followed by a reversal in the opposite direction and a trend continuation until a new month begins. Based on this, he warned that if the price drops below yesterday’s lows, it will continue to trend down for another week or two, displaying “weakness and confirming a larger correction is due.” Related Reading: Ethereum Eyes 15% Move Amid Key Resistance Retest – Breakout Or Rejection Next? Nonetheless, if price surges above the monthly highs, around the $106,700 mark, “the correction is more likely to be over and there’s a good likelihood that we head to all-time highs and beyond.” “Good chance we range around this area for a while, though, without any of these levels breaking,” he concluded. As of this writing, Bitcoin trades at $104,224, a 2.6% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

After days of fluctuating around the $105,000 range, Bitcoin appears to be succumbing to pressure from bears and profit-taking from traders. The most recent 24 hours were marked by Bitcoin losing its hold on the $105,000 price level, crashing until it rebounded at a lower support range around $101,000. However, technical analysis of Bitcoin’s daily candlestick timeframe chart shows that this price level is increasingly under threat, and a formation is currently in place that could lead to a price crash towards $96,000. Bitcoin Head And Shoulders Pattern Forming Crypto analyst Titan of Crypto has highlighted what is a textbook head and shoulders formation on the daily chart. This bearish pattern, if completed, would imply a breakdown toward the $96,000 price zone, according to the analyst.  Related Reading: Major Bitcoin Price Drop Alert: Crash To $98,000 To Fuel Altcoin Buying Opportunity The setup is clearly defined by a peak (head) around mid-May that is flanked by two lower highs (shoulders) on either side, all sitting atop a slanted neckline that now acts as the last line of support. As of now, Bitcoin is trading just above this neckline, testing its structural integrity. In technical analysis, a clean break below the neckline accompanied by strong volume often activates the measured move from the head’s peak to the neckline, projected downward. Based on the chart, that drop points directly to $96,054. This puts Bitcoin at risk of a near 8% drawdown from current levels, with little support in between.  Aside from this formation, Bitcoin’s daily RSI is currently around the 50 reading, which is a zone that often triggers reactions. As such, a drop below this midline will confirm a bearish shift in momentum. Bitcoin Price Action Closing On Bearish Mode If Bitcoin does collapse toward the $96,000 level, it would mark a departure from the bullish strength that dominated its price just two weeks ago when it registered a new all-time high at $111,814. Since then, however, Bitcoin has lost subsequent support levels at $110,000, $107,000, and $105,000, which now places the next zone of importance at $103,000. Should Bitcoin fail to hold above that threshold, the pressure would likely shift toward the $101,000 level, which could act as the final buffer before steeper declines. Related Reading: Bitcoin Price Crash Below $100,000 Still Possible: Analysts Issue Downtrend Warnings Interestingly, the neckline level of the inverse head and shoulders pattern highlighted by crypto analyst Titan of Crypto is around the $103,500 price level. Bitcoin broke below this price level in the past 24 hours, but the bulls managed to prevent further losses below $101,700. This has led to the creation of lower lows on the daily timeframe. At the time of writing, Bitcoin is trading at $103,250, which means it is back to testing the neckline resistance from below. Its reaction here would determine if it eventually crashes toward $96,000. If sellers take control at this level, it would not only confirm the head and shoulders breakdown but could also lead to a short-term capitulation across other cryptocurrencies. Featured image from Getty Images, chart from Tradingview.com

Bitcoin’s majestic 2024-25 ascent may have stalled at the very moment many traders expected an early-summer melt-up, according to crypto analyst Dr Cat (@DoctorCatX). In an extended thread published today, the Ichimoku-focused technician argues that the market printed a “valid cycle high” on the weekly chart and has now slipped into neutral territory—potentially postponing the next decisive breakout until mid-July or, failing that, as late as the first quarter of 2026. Bitcoin Bottom Not In? “I warned multiple times that we can’t be bullish on the weekly before the 9th of June,” Dr Cat reminded followers. The Chiko Span (CS) “entered the candles” last week, he noted, stripping the weekly timeframe of its bullish bias even though the long-term monthly structure remains intact. “Because the monthly chart is bullish, things are still long-term bullish,” he conceded, yet the immediate path higher has narrowed to two clear windows. Related Reading: The Last Bitcoin Cycle? Swan Says History’s Turning The first window opens in the week beginning 16 June. If Bitcoin starts that week above $99,881 and closes with CS breaking cleanly above the candle range, Dr Cat believes “the moonshot, potentially to $270,000,” could ignite. Should price open below that threshold, a textbook CS tracing pattern would already be underway, pushing the next breakout target to the week commencing 14 July (or the one immediately after). “Simply because these are the places where CS can make a clear breakout above the candles terminating a CS tracing,” he explained. Below $93,200—the current position of the weekly Kijun Sen—the bullish countdown is voided. “If the Kijun Sen at 93.2K is lost, we consider much later breakout,” Dr Cat warned, pointing traders to a broad monthly window between November 2025 and April 2026 when the Kijun Sen itself is expected to slope upward again. Until then, he is “not confident that the bottom is in,” flagging $97–98 K as a short-term confluence zone in which the daily Kumo cloud, the weekly Tenkan Sen and the two-day Kijun Sen intersect. The analysis comes at a delicate moment for sentiment. Bitcoin’s April all-time high above $111,999 has so far resisted several retests, and funding rates on major derivatives venues have eased from euphoric to merely positive. For Dr Cat, such moderation is consistent with Ichimoku’s Kihon Suchi 17-period rhythm: “Time cycles … give a valid cycle high on the weekly. I think at this point it obviously printed,” he wrote, implying that a fresh consolidation phase is statistically favored. Altcoin Season Even Further Delayed Altcoins face an even steeper uphill battle. In a companion post dissecting the TOTAL3 index (the market capitalization of all crypto assets excluding Bitcoin and Ethereum), Dr Cat argued that “altcoins are not ready to pump on the weekly and need minimum 1-2 months for that in the most bullish scenario.” Related Reading: Crypto Analyst Warns: This Bitcoin Bull Cycle Looks Nothing Like 2017 or 2021 He cited four overlapping bearish ingredients: price below the weekly Kijun Sen, a negative Tenkan–Kijun cross, a Chiko Span trapped beneath the candle “forest,” and a Kijun Sen poised to turn down next week. “The chance for a bullish altcoins explosion in June is around 5 %,” he concluded, assigning a roughly equal probability that Bitcoin alone could rally while “dominance destroys alts.” That dour appraisal extends to Ethereum and other large caps. In Dr Cat’s view, “blindness … applies to anyone expecting a parabolic bull run above ATH in June for TOTAL3.” The first legitimate “window of opportunity for altcoin bulls,” he adds, does not open until August, when the weekly CS will encounter a thinner overhang of historic candles. Market implications hinge on whether Bitcoin can defend its higher-timeframe pivots long enough to align with those temporal windows. So far, the $93.200 Kijun Sen serves as the demarcation line between an orderly pause and a deeper retracement. A weekly close beneath it would “activate” the November-to-April contingency track—effectively pushing any move toward Dr Cat’s headline $270,000 projection into the next halving cycle. At press time, BTC traded at $103,072. Featured image created with DALL.E, chart from TradingView.com