📉💥 Why Bitcoin Dropped to ~$102K ❓❓– Complete Breakdown💥
📅 June 12, 2025
1. Macro & Geopolitical Turmoil
• Cooling inflation dashed hopes of a Fed rate cut, shaking investor confidence.
• Rising tensions in the Middle East pushed money into gold and safe-haven currencies, increasing crypto sell-offs.
2. 📈 Technical Resistance & Profit-Taking
• $BTC faced strong resistance around $110K–$111K (upper Bollinger Band), triggering a wave of short-term selling.
• Overbought signals from RSI and StochRSI led many traders to lock in profits.
3. 💥 Leverage Liquidation Spiral
• Over $730M in leveraged positions were wiped out in 24 hours—roughly 73% were longs—intensifying the decline.
🔍 Market Outlook
Short-Term: Key support sits around $100K–$102K. A break lower could open the door to $95K–$98K.
Mid-Term: Holding $100K could see a rebound toward $110K–$112K, especially if macro conditions improve.
Volatility Ahead: Expect sharp swings driven by next week’s CPI data and global headlines.
✅ Bottom Line
Bitcoin’s dip to ~$102K stems from macro pressures, technical cooldown, and cascading liquidations. If the $100K level holds and external risks ease, this could be a healthy reset before the next leg up.
💬 Your Call:
• Will Bitcoin bounce back to $110K if the dust settles?
• Or are we heading for another leg down toward $95K?