Currently, the price of Bitcoin (BTC) is experiencing notable fluctuations due to several factors, including geopolitical tensions and economic events. Here are the key points regarding the situation of Bitcoin:
### 1. **Price Decline**
- After Bitcoin reached a record high near $112,000 in late May, the currency has seen a significant decline. Currently, Bitcoin is trading around $107,500, having dropped by 3.3% in one day, making it its worst day in June 2025.
### 2. **Geopolitical Impacts**
- The rising tensions in the Middle East, particularly after Israeli raids on Iran, have led to a state of panic in financial markets. This tension has significantly affected investor sentiment, prompting them to sell high-risk assets like Bitcoin.
### 3. **Trading Volume and Liquidation**
- Over $1.16 billion in leveraged positions have been liquidated in 24 hours, reflecting the intensity of the market panic. Most liquidations were targeted at long positions, indicating that investors were expecting price increases.
### 4. **Support and Resistance Levels**
- The main support level for Bitcoin is currently around $100,000, while the resistance level is at $110,000. If the price continues to decline, it may head towards the next support level.
### 5. **Market Forecasts**
- Some analysts expect Bitcoin to reach $200,000 by the end of 2025,