$BTC

### ⚡ 1. **Current Price and Fluctuation**

- As of June 16, 2025, the price of Bitcoin is **$105,387.41** (USD), with a 24-hour decline of **-0.08%**, showing a downward trend over the past week.

- On June 9, it experienced a single-day surge of **4.25%**, breaking through $110,000, but subsequently retreated to the $105,000 range due to market sentiment.

### 📉 2. **Key Price Ranges and Technical Signals**

- Analyst **Crypto Rover** pointed out that BTC has recently fluctuated in the range of **$65,000–$72,000**; if it breaks below the support level, it may drop to $62,000; a breakthrough of $72,000 could challenge the psychological barrier of $75,000.

- Technical indicators show neutrality: **RSI is 52**, with the 50-day moving average around $68,000, serving as a dynamic reference point.

### 🌍 3. **Market Drivers**

- **Policy and Institutional Dynamics**:

- Trump publicly supports cryptocurrencies, promising to push the U.S. to become a “Bitcoin superpower” and accepts Bitcoin campaign donations.

- MicroStrategy continues to increase its holdings, recently purchasing **$584 million** worth of 6,911 BTC, totaling over 500,000 coins.

- **Capital Flows**: Institutional capital is returning, with Bitcoin ETFs seeing an inflow of **$724 million** in a single week, alleviating previous outflow pressures.

- **Macroeconomic Correlation**: The correlation with the S&P 500 index has reached **0.6**, and stock market fluctuations may transmit to the crypto market.

### ⚠️ 4. **Bull-Bear Divergence and Risks**

- **Optimistic Viewpoint**: The halving effect is expected to take hold (April 2024), with interest rate cuts and institutional entry potentially driving an increase in the second half of the year.

- **Pessimistic Warning**: On-chain data shows insufficient new liquidity, with some analysts warning that over the next 6–12 months we may enter a sideways/downward cycle, with target levels looking down to **$63,000** or even **$40,000**.

### 💎 Summary

Bitcoin is currently in a **critical period of directional choice**, with technical fluctuations compounded by favorable policies and liquidity concerns. Investors need to pay attention to breakout signals, stock market trends, and regulatory policy updates to manage high volatility risks.