#MarketPullback On Friday, June 13, 2025, the price of Bitcoin (BTC) is witnessing a significant drop to around $104,749.
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📉 Key reasons for the drop:
1. Geopolitical pressures: The escalation in the Middle East following Israeli strikes on Iran has caused a "risk-averse" sentiment that pushed the market towards selling.
2. Expiration of options: The expiration of nearly $3 billion worth of BTC options tomorrow (June 14) has been considered a factor enhancing current volatility.
3. Profit-taking and technical warnings: After a strong rise last week, Bitcoin tested technical resistance levels, and the decline on Wednesday led to a break of psychological support at ~ $105,000, with some analyses indicating a "rising wedge" pattern, which is a negative signal.
⚙️ Technical situation:
The immediate support range is between $103,000 – $105,000, and if it is breached consistently, it may indicate a drop towards $100,000 – $97,800.
However, technical analysis models like the "inverted head and shoulders" suggest a potential rebound if the price holds above major support levels.
🎯 Recommendations and strategy:
For individuals and investors: Use a stop-loss around the $103,000 range, and monitor price movement near the expiration today of the options.
For active traders: Look for short entry opportunities on any failure to close daily above $105,000 or $107,000, or optimistic dip-buying at strong support.
📌 Summary: Bitcoin is experiencing a natural correction after its recent rise, driven by a volatile geopolitical environment and technical pressures. The key comes from the price that will close today – it will thus determine the course for the next two days before options expire tomorrow.
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