$BTC

Bitcoin is at risk of falling below $100,000 as traders target $87,000-$95,000 amid the dispute between Trump and Musk and IPC nervousness. Bitcoin wobbles near the critical threshold of $100,000 as traders prepare for key economic data, rising political tensions, and increasing liquidation pressure. Key points:

Bitcoin faces increasing downward pressure with traders targeting goals between $87K and $95K. The dispute between Donald Trump and Elon Musk has triggered a sharp decline in the crypto markets. Over $980 million in crypto liquidations have shaken investor confidence. Reports of the U.S. IPC and PPI this week could fuel further volatility ahead of the June FOMC meeting.

Bitcoin aims for a breakout while the $100K support wobbles.

The price action of Bitcoin (BTC) is showing warning signs as bulls attempt to defend the critical psychological level of $100,000. After falling as low as $100,400 on June 6, BTC modestly recovered to trade around $103,676, but analysts remain cautious about a possible further decline. Crypto traders are now targeting lower support zones, with popular price targets between $87,000 and $95,000. Technical indicators like the Relative Strength Index (RSI) continue to trend downward, increasing the risk of a broader market correction. "The btc breakout has begun," said trader Roman on X. "Targeting 95K and possibly lower." $980M in liquidations intensify selling pressure. The crypto market experienced its largest liquidation day since February, with $979.9 million wiped out in the last 24 hours, including $874 million in long positions. Bitcoin alone saw $342.9 million in liquidations, while Ether (ETH), Solana (SOL), and Dogecoin (DOGE) also recorded heavy losses.

Trump's fiscal policies, calling for his impeachment.