📉 What Stopped Bitcoin from Hitting a New High & What Crypto Pros Predict 🚀
🗓 Date: June 9–12, 2025
Bitcoin hovered near its all-time high of $111,970 (hit May 22), but failed to break above leading into June 12. The dip sparked talks of a bull run ending—but there’s more beneath the surface.
🔍 Key Drivers Behind the Drop:
Geopolitical Tension: Middle East Escalation
The U.S. partially evacuated embassy staff from Baghdad over fears of Iranian retaliation.
Rising fears over a possible Israeli operation intensified uncertainty reddit.com+2reuters.com+2liquidity.io+2.
Market Reaction from Crypto Influencers:
MartyParty sees the dip as a buying opportunity—safety-seeking investors might turn to BTC as a store of value amid chaos.
Dennis Porter (Satoshi Action Fund) notes BTC's three-month lag behind the M2 money supply curve and expects fresh inflows due to central bank liquidity policies.
Macro Tailwinds: US Treasury Bond Buybacks
Recent operations reduced bond supply, increased bank liquidity, and lowered rates—conditions that typically support risk assets like crypto.
Contrasting Views:
On one side, bullish outlooks from Porter and MartyParty;
On the other, skeptics like Sensei and DoctorProfit warn the bull run might be over.
🧭 What’s 🔸 Next for Bitcoin?
Geopolitical flashpoints in the Middle East may bring renewed volatility.
Liquidity trends—money supply & bond market moves—could reignite inflows into BTC.
Technical levels to track: Holding above $110K could signal strength; a sustained break below may confirm consolidation.
🗳 Poll: What’s Your Take?
Will BTC recover and push past $112K, or is this dip the start of a new phase?
1️⃣ Yes — still in bull mode
2️⃣ No — pullback continuing
3️⃣ Uncertain — need more data