$BTC

As of Friday, June 13, 2025, Bitcoin (BTC) is experiencing a period of consolidation and a minor pullback after a recent strong push. Here's a summary of the current outlook:

Current Price Action:

* BTC is currently trading around $104,000 - $107,000.

* It has seen a decline of 2-3% in the last 24 hours.

* This dip is considered a natural corrective phase within an overall bullish structure.

Key Factors Influencing the Outlook:

* Technical Indicators:

* BTC hit resistance near the upper Bollinger Band and faced rejection, leading to a correction toward the mid-band.

* Bears are currently controlling the market in the short term, with a potential test of the $106,000 range soon.

* On a longer timeframe, sellers are more powerful than buyers, with sideways trading in the $104,000-$108,000 range a likely scenario.

* There's building liquidation pressure around $106,210, with a possible downside to $104K–$102K if this breaks.

* The RSI is in the neutral zone, indicating a neutral trend for now.

* Some analysts anticipate a short-term dip before the uptrend resumes, possibly to $104,000 or even $101,500.

* Market Sentiment & Events:

* The broader crypto market has seen a notable drop today, with most top 100 coins decreasing.

* Geopolitical tensions (e.g., Israel-Iran) are weighing on investor sentiment, preventing a clear upward breakout.

* Despite the short-term dip, institutional ETF inflows remain supportive of the broader uptrend. Bitcoin Depot, for example, announced further BTC purchases as part of their treasury strategy.

* There are no major economic events (like FOMC meetings or CPI data releases) scheduled for June 13, so no immediate strong catalysts for sudden major price moves are expected. However, next week's Federal Reserve FOMC meetings will be closely watched.

* Cooling US inflation readings initially boosted crypto prices but led to a correction.

Short-term Outlook:

* Consolidation and Potential Correction: decisions.