$BTC ❗❗ Potential for continued volatility and consolidation
📍Current price action:
- Bitcoin is fluctuating around $103,703 - $104,993 and has seen a price decline over the past two days.
📍Potential support testing:
- Some experts predict there may be a temporary drop to $78,500 or $95,000 - $100,000 if Bitcoin cannot break through significant resistance levels.
📍Support levels:
- Watch $102,000, $100,000 (and then $95,000, $78,500). If the price holds above these levels, the neutral trend may continue.
📍Resistance levels:
- Key levels to pay attention to are $108,000, $110,000, and $115,288. For a strong upward move, Bitcoin needs to break through these resistance levels with significant trading volume.
📍Macroeconomic and geopolitical factors
- G7 Conference: While the official conference takes place on June 15, preliminary discussions and statements may begin to affect the market on June 14. The macroeconomic and geopolitical issues discussed there may influence investor sentiment towards risk assets like Bitcoin.
- European inflation data (Germany, France): The inflation indicators released on June 14 may affect central bank monetary policy expectations, which in turn impacts global financial markets, including cryptocurrencies. Higher-than-expected inflation could put pressure on risk assets.