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$BTC Bitcoin price fractal points to bull trap that could send BTC below $100K Escalating tensions in the Middle East and an ominous Bitcoin chart fractal could play a role in sending BTC price back under $100,000. Bitcoin price sits on a slippery slope as tensions in the Middle East and investors’ decision to cut risk threaten a drop under $100,000. Bitcoin BTC $106,786 reached a weekly high of $110,653 on Monday, but it is currently down 3.5%, dropping to a low of $106,600 on Thursday. Escalating tensions between Iran and Israel, with reports of Israel possibly preparing military action against Iran, have triggered a risk-off sentiment, with BTC posting a reaction. From a technical standpoint, the current BTC correction looks routine. BTC prices jumped roughly 10% between June 6 and Tuesday, and a 3.5% dip can be considered normal. Bitcoin researcher Axel Adler Jr outlined a similar sentiment, explaining that the current market faces a “soft reversal point.” Using the Bitcoin futures position dominance chart, the analyst explained that the price dip is potentially due to long positions taking profits at resistance, which is supported by aggressive short volume. Adler Jr said, “This is a classic “soft reversal point” after an uptrend: as long as funding remains positive but open interest is declining, you should expect a short-term correction or consolidation below $108K.” While a consolidation near $108,000 should not break bullish momentum, fractal analysis outlines the possibility of a deeper drawdown. Related: Bitcoin adoption fueled by ‘deglobalization,’ Trump’s ‘big, beautiful bill’ Is Bitcoin falling into a bull trap? Bitcoin’s recent rally to $110,000 from $100,500 represents a similar setup from January 2025, when BTC prices rebounded to $102,700 from $91,700. The current observation reveals a compelling fractal pattern with potentially bearish implications. A fractal pattern is a repeating trend that could lead to similar price action due to identical market conditions.

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$BTC $100K becomes bulls' key level: 5 things to know in Bitcoin this week Bitcoin liquidity conditions form the backdrop of a battle for BTC price support, and bull market continuation, over the coming week. Bitcoin BTC $105,604 heads into another heavy macro week with bulls hoping that the $100,000 support retest is done. BTC price action offered some hope at the weekly close, with predictions of a return to all-time highs intact. Liquidity grabs remain a focus, and could compound a deeper correction if $100,000 fails. CPI and PPI are due this week, and attention is on the Fed in the week before the June FOMC meeting. Bitcoin short-term holders have a key level at $106,200, potentially cementing short-term resistance at that level. The public feud between Donald Trump and Elon Musk may already be a blessing in disguise for crypto hodlers. Bitcoin weekly close inspires hope Bitcoin managed to pass $106,000 before sellers appeared into the June 8 weekly close. Despite volatility through the week, data from Cointelegraph Markets Pro and TradingView shows that BTC/USD came practically full circle to preserve its weekly open position. This has implications for market observers keen to see evidence of price strength after a retest of $100,000 support. For trader and analyst Rekt Capital, the result appears mixed, as $104,400 stayed in play, giving BTC/USD its fourth consecutive weekly close higher, but a full bull market comeback remained lacking. “Bitcoin has broken its two-week Downtrend (light blue). Now, Bitcoin is trying to challenge the $106600 resistance (black),” they told X followers in part of their ongoing analysis on June 8. “Some light rejection here would be normal. But the goal is for Bitcoin to Daily Close above black for continued bullish bias.”

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$BTC Bitcoin Price Watch: Range-Bound Action Hints at Imminent Move Bitcoin The 1-hour chart analysis reveals a consolidation phase for bitcoin between $105,000 and $106,000, suggesting indecision in the immediate market direction. The last peak at $106,000 created a rounded top pattern, hinting at weakening bullish momentum. With support forming at $104,500, a breakout above $106,000 backed by strong bullish volume could ignite a fresh upward leg. Conversely, a price dip to the $104,800 level accompanied by decreasing sell volume might serve as a scalp buy opportunity. An appropriate exit for short-term positions lies near $106,500–$107,000, with stop-loss placements advised below $104,500 to mitigate downside risk. On the 4-hour chart, bitcoin illustrated a V-shaped recovery after dipping to $100,426, with a series of higher highs and higher lows manifesting since June 6. Despite this bullish structure, resistance at $106,800 has formed, and recent candlestick patterns signal market hesitation near that level. A confirmed breakout above this resistance could validate a long entry, whereas rejection may lead to a pullback toward the $102,500–$103,000 zone. Traders eyeing this time frame should consider entries around $104,500–$105,000 and stagger exits between $107,000–$108,000, maintaining vigilance for false breakouts amid declining volume. Daily BTC/USD chart data supports a bullish macro trend from late May into early June, peaking at $112,000 before experiencing a corrective retracement. The pullback found stability within the $100,000–$102,000 support zone, which has been tested multiple times. The price is now consolidating near $106,000–$108,000, suggesting a period of accumulation. For swing traders, a return to the $104,000–$105,000 range—especially with a long lower wick or a volume spike—may present a high-probability entry point. Profitable exits could be targeted at $108,000–$110,000, with stops recommended just below $102,000.

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$USDC Tether Fuels $2.5B Stablecoin Growth This Week The stablecoin sector expanded by a full percentage point this past week, growing by $2.558 billion in total. Of that figure, a hefty $1.45 billion came directly from Tether’s USDT, continuing its lead role in the space. Stablecoin Market Swells by $2.5B in 7 Days As of now, data from defillama.com shows the stablecoin market hovering just shy of the $250 billion threshold, clocking in at $249.986 billion. Since last Saturday, the overall stablecoin supply has increased by $2.558 billion—with Tether alone minting $1.45 billion of that total. On Saturday, June 7, Tether’s USDT boasted a market cap of $155.115 billion, claiming 62.05% of the entire $249 billion stablecoin ecosystem. Meanwhile, Circle’s USDC saw only a slight uptick, inching up 0.06% with a modest $38 million addition. USDC’s total valuation this weekend now sits at $60.643 billion. Among the top ten players, Sky’s USDS and Paypal’s PYUSD saw the most upward action this week, jumping by 14.05% and 10.69%, respectively. On the flip side, Sky’s DAI dropped 7.54%, while First Digital’s FDUSD dipped 7.18%. World Liberty Financial’s USD1 nudged ahead by 0.23%, gaining $5 million over the past seven days. So far in 2025 since the start of the year, the stablecoin economy has grown by $44.776 billion.

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#CryptoSecurity101 Bitcoin rebounds after liquidation-driven sell-off triggered by Trump-Musk clash A very public falling out between U.S. President Donald Trump and billionaire Elon Musk has added fuel to an already volatile financial environment, triggering a broad-based sell-off across traditional equities and digital assets. Tesla's stock plummeted 15% on Thursday, dragging risk assets down with it, including Bitcoin BTC +1.96% , which tested its $100,000 support level amid nearly $1 billion in liquidations. While much of the attention has focused on the high-profile clash between two of the world’s most influential figures, crypto analyst and Coin Bureau founder Nic Puckrin says the impact runs deeper. "The public spat we're seeing between Musk and Trump was nothing if not predictable," Puckrin said. "But the markets don’t like this at all, and it’s only likely to get worse as emotions escalate. Combine that with uncertainty around Trump’s 'big, beautiful bill,' the debt ceiling, and eight-month-high jobless claims, and you’ve got a perfect storm." President Trump and Musk's dispute was triggered by disagreements over Trump's tax and spending bill, which the Tesla and X CEO criticized as a "disgusting abomination." Musk had recently stepped aside from his role leading the Department of Government Efficiency (DOGE) in order to focus on his business ventures. A White House official told NBC News on Friday that the president is "not interested" in having a call with Musk to resolve the feud. Puckrin noted Bitcoin’s long/short ratio has tipped slightly bearish at 47/53, a potential indicator of an impending reversal. "A close above $102,000 today would be a good sign the sell-off is losing steam," he said. "But if that reversal fails at $106,000, we could be in for more downside." The price of Bitcoin traded around $104,700 at publication time, up 1.6% over the past 24 hours, according to The Block's BTC price data. Of note, the Official Trump TRUMP -1.21% token is down another 3.6% after shedding about 10% Thursday afternoon.

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