As of June 13, 2025, Bitcoin (BTC) is trading at approximately $104,748 USD. The price has experienced a decline of about 2.7% over the past 24 hours, with intraday fluctuations between $103,081 and $108,376. In Pakistani Rupees (PKR), 1 BTC is valued at approximately ₨23,817,293, based on current exchange rates.
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📉 Market Dynamics
Bitcoin's recent price movement reflects broader market sentiments influenced by geopolitical tensions. The ongoing Israel–Iran conflict has led to a risk-off mood among investors, contributing to a selloff in cryptocurrencies. Despite a brief rebound from local lows near $107,000, BTC is facing downward pressure.
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🔮 Technical Indicators
Analysts are observing a potential bull trap pattern in Bitcoin's price action, reminiscent of a correction seen earlier in 2025. If this pattern holds, BTC could experience further declines, potentially dropping below $100,000.
Conversely, the Bitcoin Hash Ribbon indicator has flashed a new buy signal, historically followed by significant price rallies. Long-term holders are accumulating aggressively, suggesting a bullish outlook for the future.
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🌍 Global Factors
The U.S. Treasury Secretary has issued a $2 trillion crypto prediction, highlighting the growing importance of digital assets like Bitcoin. This statement has contributed to renewed interest and optimism in the cryptocurrency market.
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📌 Summary
Bitcoin is currently navigating through a volatile market environment influenced by geopolitical events and macroeconomic factors. While short-term challenges persist, long-term indicators suggest potential for recovery. Investors should remain vigilant and consider both technical and fundamental factors when making decisions.
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