📉 What is driving Bitcoin now? – June 15, 2025
Latest Event:
Bitcoin dropped below $105,000 (currently ~$104,950) due to renewed tensions between Israel and Iran, leading to the liquidation of positions worth ~$190 million, before quickly rising again due to buying after the short positions were liquidated.
Market Impact:
Geopolitical tensions led to a drop of ~2.5% down to the 104–105K range as a major support area.
Despite sudden crashes, funding rates remained neutral, indicating institutional patience and a buying opportunity on the dip.
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📊 Technical Outlook
Type Range ($K) Notes
Support 104–105 Currently a key buying area
102–103 Potential for a deeper correction if the current support is breached
Resistance 106–108 Short-term ceiling – watch for a breakout
110–112 Highest levels of March–May; a breakout could lead towards 120K+
A divergence in the weekly RSI warns of a correction before achieving new highs, and we might return to 102–103K.
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🧭 Strategy of the Week
Buy the dip near 104–105K → place a stop loss below 103K.
Enter on a breakout above 108K → target 112–120K.
Stick to strict risk management, especially due to geopolitical volatility.
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💡 Important Insight
Despite the tensions, history shows that Bitcoin often rises ~65% within 50 days after geopolitical declines.
This pullback may be a buying opportunity, not a crash.
---$BTC