$BTC Bitcoin held a ‘delicate’ level at $105,000. Analysts outlined the further path.

Despite the drop to $100,000, the first cryptocurrency managed to stabilize at $105,000, but experts believe the current state of the asset is unstable.

According to Kronos Research analyst Dominic John, Bitcoin's trading indicators speak to its strength, but the “structure remains fragile.”

CEO of HashKey Eco Labs Kay Lu also stated that currently, digital gold is trading in a “delicate” range around key support levels, where indecisive investors may panic and sell off assets at the hint of a single negative news item.

Key factors will be the U.S. Consumer Price Index (June 11) and the Producer Price Index (June 12). The publication of this data may hint at the Fed's further actions.

According to the FedWatch Tool from CMEGroup, traders currently predict that the current interest rate will remain at 4.25-4.50% with a probability of 99.9%.