Bitcoin Price Support at $100,000 Becomes the Key Level to Defend
Bitcoin (BTC) is heading for another week of heavy macro with Bulls hoping that the support of $ 100,000 is carried out.
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BTC Price Action offered a little hope to the weekly fence, with predictions of a return to the summits of all intact time.
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Liquidity seizures remain a goal and could worsen a deeper correction if $ 100,000 fail.
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IPC and PPI are due this week, and the attention is in Fed in the week before the June FOMC meeting.
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Bitcoin holders in the short term have a key level at $ 106,200, potentially cementing short -term resistance at this level.
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The public quarrel between Donald Trump and Elon Musk may already be a disguised blessing for Crypto Hodlers.
Bitcoin Weekly Close inspires hope
Bitcoin managed to spend $ 106,000 before the sellers appeared in the weekly fence on June 8.
Despite volatility throughout the week, Cointelegraph Markets Pro and TradingView data show that BTC / USD has practically completed the loop to preserve its weekly open position.
This has implications for market observers wishing to see proof of price force after a remediation of $ 100,000 in support.
For Trader and Analyst Rekt Capital, the result seems to be mixed, while $ 104,400 remained at stake, giving BTC / USD its fourth consecutive weekly closure, but a complete return of the Haussier market has remained defective.
“Bitcoin broke its downward tendency of two weeks (light blue). Now Bitcoin tries to challenge the resistance of $ 106,600 (black),” they told X follower in part of their current analysis on June 8.
“A light rejection here would be normal. But the objective is that Bitcoin closes every day above the dark for bullish prejudices continues.”
Others already see encouraging signs with regard to Bitcoin, leaving its trip to $ 100,000 in the past.
The merchant Matthew Hyland noted that the price has now entered several daily candles above the simple mobile average at 10 periods (SMA).
#BTC Farm another candle above 10 SMA confirming even more recent: https://t.co/oxi3f8cxoz pic.twitter.com/gqjcbcedwn
– Matthew Hyland (@matthewhyland_) June 9, 2025
The long -term perspectives are also far from being panicked, with experienced hodlers awaiting what they consider as an inevitable bullish continuation.
“$ BTC showing calm before the storm. $ BTC is compressed just below the resistance at $ 107,800 and it is a classic volatility pressure only,” said Trader Crypt this weekend, referring to several price tools.
“If you look at the price, the bass below. The volumes dry out and the break is loaded. RSI also cools. If we return the resistance this time, the next stop is $ 120,000.”
All eyes on the liquidity of the BTC
The liquidity of the exchange order books is highly represented in the recent BTC prices analysis.
Throughout May and June, the price action has seen an higher and higher snap to “grasp” the liquidity thickening plates.
As Cointelegraph has reported, these patches are often not organic but rather speculative movements on the part of large volume traders, try to guide the price in one direction or the other.
From now on, all eyes are on the $ 100,000 mark as a test to find out if the market can resist a risk of long liquidation.
“The liquidation table $ BTC tells the same story as the graphics where large liquidity clusters align well with important key levels,” wrote Trader Daan Crypto Trades in a post X.
“Below $ 100,000 and the lowest on Thursday is the place where things can really speed up and see the continuation of this current correction.”
Daan Crypto Trades nevertheless noted that the upward liquidity was significant, which made the heights of all current Bitcoin time at $ 112,000 another area of interest.
“It is also likely that there are many stops placed above this point,” he added.
During the weekend, the abbe case merchant noted that an increase up of 10% would result in $ 15 billion in short liquidations.
ICC, PPI in the fireplace in the magnitude of FOMC
The last week before the June meeting of the Federal Reserve on interest rates contains conventional inflation markers.
The printing in May of the consumer price index (ICC) and the producer price index (PPI) must be published from June 11 to 12, the latter accompanied by unemployment data.
Although inflation has slowed down until 2025, the attention will be on the Fed itself, because those responsible have held the drop rates – something that would be a key wind for crypto and risk assets.
The officials, including President Jerome Powell, also attracted the anger of US President Donald Trump for maintaining their comparative feature position.
Despite this, the markets completely or partially evaluated the chances of a reduction during the meetings of June or July of the Federal Open Market Committee (FOMC).
It was not until September that expectations of a 0.25% decrease in the rate of federal funds on the table, according to the latest data from the Fedwatch tool of the CME group.
In the latest edition of its regular newsletter, “The Market Mosaic”, the commercial company Mosaic Asset warned that inflation could still rebound in the second half of 2025, further reinforcing the position of the Fed.
“There are signs of inflation assistance on several measures. The most recent consumer price (IPC) index came to 2.3% compared to last year, which was the smallest gain since February 2021. The Fed’s favorite inflation measurement increased by 2.1%, which is close to the Fed lens,” he noted on June 8.
“But if history is a guide, then the trend of disinflation since mid-2010 could end.”
A table that accompanies it compared the current inflation cycle to that of the 1970s. A resurgence, added Mosaic, could come thanks to the American trade rates which are beginning to reflect in the economy.
Short -term bitcoin holders offer resistance
The speculative base of Bitcoin investors continues to be on radar as a potential source of short -term price volatility.
At certain levels, the profitability of short -term Hodlers (STHS) reaches proportions that try them to sell or reduce their exposure to the BTC.
In one of his blog articles “Quicktake” on June 8, the cryptocurrency onchain analysis platform reported one of these levels as exactly around Bitcoin High in the weekly fence.
“A short -term holder sitting on a loss tends to panic,” said contributor Burak Kesmeci.
“So when the price comes back to their profitability threshold, they could say” this risk is sufficient for me “and press the sales button – transforming this area into potential resistance (like $ 106.2K).”
Cryptoque data show that $ 106,200 is particularly important for investors who buy one and four weeks ago.
Conversely, buyers of three to six months ago have their cost base at $ 97,500, which makes it desirable for the market to protect this level as support.
“Knowing where short -term holders are gives us key levels both for fear and opportunities,” added Kesmeci.
“Sell the rumor, buy the news?”
In a potential silver lining for Bitcoin bulls, the Santiment Research Cabinet said that the worst BTC price could be finished.
In relation: Is a Bitcoin price rally possible by the end of the year?
The reason, he said, lies in the behavior of the crowd and that of American president Donald Trump and Elon Musk.
The drop in the BTC price has accelerated while the couple went to social networks to exchange beards in what was presented as the end of their political relationship.
“The public fall in the Elon Musk’s relationship by Donald Trump has generated many polarizing reactions from the cryptographic community,” said Santiment to X approaching this weekend.
“While others can see him as nothing more than a small drama, others show a legitimate fear that the two powerful pro-Crypto individuals in disagreement creates a low-term lower result.”
Santiment has suggested that the debacle has already become an event “Selling the rumor, buying the news”.
“Generally, when the main personalities of cryptography see peaks in the discussion rate, the chances of market reversal increases,” he said.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.