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Anticipated Bitcoin (BTC) Surpassing $105,000: Could It Soar Further or Collapse?

Cryptocurrency bitcoin plunges by 4%, dipping below $104,000 on June 13th, but later experiences a minor recovery, trading around $105,000 as of now.

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Cryptocurrency, Bitcoin, plunged approximately 4% to below $104,000 on June 13th, yet managed to...
Cryptocurrency, Bitcoin, plunged approximately 4% to below $104,000 on June 13th, yet managed to bounce back and is presently trading at roughly $105,000.

Anticipated Bitcoin (BTC) Surpassing $105,000: Could It Soar Further or Collapse?

A dip, on June 13th, sent Bitcoin plummeting below $104,000, but it swiftly recovered and is now hanging around $105,000. However, on-chain data indicates weaker buying interest and a conservative investor attitude.

Cautious Optimism

Investors remain somewhat hopeful as Bitcoin hovers above $105,000–$110,000. Institutional investors, with a significant influx of ETF assets and ongoing accumulation by corporations like BlackRock, drive this optimistic sentiment [2].

Persistent Selling Pressure

Data from CryptoQuant indicates that investor sentiment is bearish, with Bitcoin's Advanced Sentiment Index plummeting to 46%. To initiate a new rally, this index must surge past the 60-65% mark [1]. Additionally, the On-Balance Volume (OBV) indicator continues to float near $100,000, suggesting there's no strong buying momentum, and selling pressure remains [1].

Short-term critical levels:

  • Resistance: $107,500 - $108,800 band
  • Support: $104,700

A plunge below this support level could amplify the possibility of a more considerable correction, while a robust break above $108,800 could push the price towards the $112,000–$113,000 range [1][3].

Despite the recent uptrend to $105,000, on-chain data suggests this climb might not be lasting without new buyers entering the market [3]. Now, all eyes are on whether sentiment and volume indicators will pick up.

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Enrichment Data:

Sentiment and Volume Insights

  • Institutional Sentiment Strong accumulation of Bitcoin by institutional investors signals robust support for the digital asset. The influx of ETF assets and acquisitions by major firms such as BlackRock demonstrate their commitment to the long-term growth potential of the cryptocurrency [2].

Technical Indicators and Predictions

  • Technical Levels (as of June 16, 2025)
  • Price: $105,140
  • Resistance: $106,000, $107,000, $108,150
  • Support: $104,200, $103,150, $101,200
  • RSI (30-min): 45.2 (bearish tilt)
  • MACD (30-min): Bearish crossover
  • Stochastic RSI: Overbought (85–86)
  • DMI: Weak trend, low ADX
  • Bollinger Band Width: Contracting, indicating potential for a breakout

Short-Term Outlook

  • Bullish Scenario: A powerful rebound of Bitcoin past the $106,000–$106,300 range could reignite the uptrend, with future resistance levels at $107,000 and beyond [5].
  • Bearish Scenario: Failure to maintain this level could lead to Bitcoin sliding towards $103,000 or lower, provided support is breached [5].

Analyst and Expert Predictions

  • Mid-Year Targets (June–July):
  • Conservative Range: $120,000–$125,000 if the current trend holds and technical markers persist [1][3].
  • Bull Flag Pattern: Technical analysis hints at a potential breakout aiming for $158,000 in the medium term if the present consolidation resolves upward [2].
  • Year-End and Long-Term:
  • End of 2025: Bitcoin might reach $150,000–$230,000, according to various forecasts, with Bitwise estimating a fair value as high as $230,000 [2].
  • Long-Term: High-profile figures like Michael Saylor predict Bitcoin could eventually ascend to $1 million, though it remains speculative [2].

Summary Table

| Indicator/Feature | Current Value/Status | Implication/Prediction ||--------------------------|-----------------------------|---------------------------------------|| Price | $105,140 | Decision point, neutral bias || RSI (30-min) | 45.2 | Slightly bearish || MACD (30-min) | Bearish crossover | Short-term caution || Stochastic RSI | Overbought | Potential for pullback || Institutional Sentiment | Strong accumulation | Supports floor, limits downside || Analyst Short-Term Price | $120K-$125K | If current trends persist [1][3] || Bull Flag Target | $158K | If consolidation resolves upward [2] || Year-End Range | $150K-$230K | Broader expert consensus [2] |

Technology continues to drive investing in Bitcoin, as institutions like BlackRock accumulate Bitcoin, indicative of their long-term commitment to the cryptocurrency's growth. However, on-chain data portrays a bearish sentiment among investors and weaker buying interest, suggesting the need for new buyers to sustain the current price level.

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