#BTCbelow100k
Bitcoin's price is influenced by various factors, primarily supply and demand . Other factors include market sentiment, competition from other cryptocurrencies, and media coverage .
1. Price Predictions for June 2025
- As of June 27, 2025, Bitcoin is trading around $107,120.00 .
- The price may fluctuate between $103,000 and $112,000 during June 2025 .
- If the $103,000 support level holds, the price could test $112,000 and potentially reach $115,000–$118,000 .
- If the $103,000 support breaks, a deeper correction towards $97,000 or even $93,000 could occur .
- Some analysts suggest a potential bearish retest .
2. Factors Influencing Bitcoin Price
- Supply: The limited supply of Bitcoin, with a maximum of 21 million coins, affects its price .
- Demand: Increased demand generally leads to a price increase .
- Market Sentiment and Media: Positive news tends to increase the price, while negative news can drive it down .
- Competition: The presence of other cryptocurrencies can influence Bitcoin's price .
- External Factors: Global events, commodities, global indices, and foreign exchange rates also play a role .
In conclusion, while Bitcoin is currently trading above $100,000, its price is subject to fluctuations. The price could potentially fall below $100,000 if key support levels are broken . However, broader bullish trends remain intact .
