Deep Tide TechFlow News, on June 9, reported by The Block, Bitcoin prices have recovered to above $105,000 after a brief drop caused by the public discord between U.S. President Trump and Elon Musk.
Analysts say Bitcoin is currently in a "delicate" range and may fluctuate in either direction due to significant news. Kronos Research analyst Dominick John pointed out that while trading above $105,000 shows strength, the structure remains fragile, and the market is in a wait-and-see mode.
Analysts expect that macroeconomic data such as the U.S. Consumer Price Index and Producer Price Index to be released mid-week will affect short-term volatility and may provide guidance for the Federal Reserve's interest rate decision on June 17.
