On Friday, June 13, 2025, the price of Bitcoin (BTC) is witnessing a notable decline to around $104,749

$BTC

📉 Key reasons for the drop:

1. Geopolitical pressures: The escalation in the Middle East following Israeli airstrikes on Iran has caused a "risk-averse" sentiment that pushed the market towards selling.

2. Expiration of options contracts: The expiration of nearly $3 billion in BTC options tomorrow (June 14) has been considered a contributing factor to the 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 a psychological support at around $105,000, with some analyses indicating a "rising wedge" pattern, which is a bearish pattern.

⚙️ Technical situation:

The immediate support range is between $103,000 – $105,000, and if it is broken consistently, it may indicate a drop towards $100,000 – $97,800.

However, technical analysis models like the "inverse head and shoulders" suggest a potential rebound if the price maintains above key support levels.