$BTC

Bitcoin is at a pivotal moment in June 2025, with traders closely watching critical support levels, institutional activity, and macroeconomic catalysts. Here’s the latest breakdown:

**1. Price Action & Key Levels**

- **Current Price**: $107,747 (as of June 12, down 1.57% in 24h) .

- **Critical Support**: $58,000 (tested earlier in June; a break below could signal a deeper correction to $55K) .

- **Resistance**: $59,800 (50-day MA) and $105K–$110K range (bullish breakout could target $120K+) .

**2. Why the Dip?**

- **Selling Pressure**: On-chain data shows short-term holders and whales offloading BTC, with 18K BTC moved to exchanges in a single day .

- **Macro Correlation**: Weakness in tech stocks (Nasdaq down 1.2%) and ETF outflows ($64M) contributed to the drop .

- **Tariff Jitters**: Earlier volatility linked to Trump’s trade policies, though recent CPI data (0.1% MoM) eased inflation fears .