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Bitcoin’s price is in a tug-of-war over the $100,000 mark. Bulls hope the recent support holds so the rally can continue.
Last week, Bitcoin briefly passed $106,000 but sellers pushed it back before the weekly close on June 8. The market remains volatile but hopeful.
Traders watch key levels like $106,200, where short-term holders might sell if they break even. This creates resistance that could slow price gains.
Liquidity — the ease of buying and selling Bitcoin — is crucial now. Big players try to “grab” liquidity patches, causing sudden price swings.
Inflation reports (CPI and PPI) are coming this week. These will influence the Federal Reserve’s next moves. So far, no rate cuts are expected soon.
The public fight between Donald Trump and Elon Musk is stirring debate but might be good for crypto, as it stirs interest and market action.
Keep an eye on Bitcoin’s next moves; $100K is the battleground for bulls and bears this week.
