$BTC

📰 Today's Key Updates

1. Expected Near-Term Correction

Analysis on FXStreet indicates that Bitcoin is finding support at the 50-day exponential moving average (~$103,100), and breaking this level could lead to a sharp correction.

The political tensions between the United States and Iran increase the downside risks for high-risk assets like Bitcoin.

2. Strong Inflows into ETFs

Positive inflows have continued for eight consecutive days into spot Bitcoin ETFs, exceeding $389 million on Wednesday.

According to analysis from the 99Bitcoins team, ETFs saw net inflows of over $2.4 billion between June 9 and 18, which helped stabilize the price despite a drop from $110,000 to $104,000.

3. Optimistic Long-Term Forecasts

Robert Kiyosaki (author of "Rich Dad Poor Dad") expects Bitcoin to reach $1 million by 2030, emphasizing the importance of accumulating quantity and not focusing on daily fluctuations.

Ricardo Salinas Pliego from Mexico believes that Bitcoin's value could surpass the $22 trillion gold market.

An analyst from CryptoQuant notes that the current on-chain trading volume is similar to previous sharp rally periods, and expects the price to reach $130,000–135,000 by August.

4. Other Analyst Opinions

Some analysts foresee a potential entry into the $120,000–125,000 range by June.