$BTC Here’s what’s driving Bitcoin’s recent downturn:
🌍 1. Geopolitical Uncertainty
Bitcoin slid below $103,000 on June 13, triggered by Israeli airstrikes on Iran; investors fled risk assets amid escalating Middle East tensions .
Broader markets mirrored this behavior: gold and the US dollar rallied as investors sought safe havens .
🔻 2. Leveraged Position Liquidations
Over $1.16 billion in leveraged crypto positions were liquidated within 24 hours as BTC dropped ~3.3%, marking the worst single day in June so far .
671-0Technical resistance near $112k and profit-taking after May’s rally strengthened downward momentum .
📉 3. Macro & Trade Headwinds
809-0Sluggish volatility and firmer US inflation data led to modest BTC pullbacks (~1–1.6%) around June 12‑13 .
989-0Ongoing US‑China trade tensions have amplified risk-aversion, pressuring BTC alongside equities .
📊 4. Technical Warning Signs
BTC is struggling to sustain above key resistance at $106k–108k. Analysts warn that a failure to hold could push prices back toward $100k or even $85k in deeper corrections .
Yet long-term holders remain strong, with major support between $92k–105k, indicating a possible floor in this range .
🔎 Where It Might Go from Here
Bear case: A break below $105k could trigger more liquidations. Indicators like an upcoming “death cross” might drive further retracement into the $85k–100k range
