Cryptonews ASIA, BITCOIN, BRENT, CRYPTOCURRENCY, DOM, DOW JONES, IRAN, ISRAEL, JUSTIN SUN, MARKET ANALYSIS, MARKET TRENDS, NORTH AMERICA, SRM, TOP FOREX BROKERS BITCOIN, UNITED STATES, US, WEST TEXAS Sophia Klein June 17, 2025 0 Comments

Bitcoin Price Set to Hit All-Time High Following Market Movements

The BTC/USD pair shows significant price movements as analysts suggest both bullish and bearish trading strategies. Recently, Bitcoin rose to $108,000 amid declining geopolitical tensions between Iran and Israel. Positive news around Bitcoin ETFs and significant purchases by figures like Michael Saylor further support potential price increases. Technical analysis indicates a consolidation phase, with bullish breakout potential if certain price levels are surpassed.

Today, June 17, the BTC/USD currency pair is experiencing some significant movements, with analysts suggesting two clear trading strategies. The bullish perspective involves purchasing Bitcoin at its current price, setting a take-profit point at $111,000, and implementing a stop-loss at $104,000. Conversely, a bearish view recommends selling the pair, with a take-profit at $104,000 and a stop-loss at $111,000. The trading timeline for both strategies spans one to two days.

Bitcoin’s recent uptick follows a dip linked to the geopolitical tensions between Iran and Israel; as fears of an escalation waned, the price rallied back to $108,000, a notable rise of 5.45% from a weekend low of $102,485. This upward movement aligns with positive trends in the U.S. stock market and falling energy prices, where indices like the Dow Jones and Nasdaq 100 rose significantly.

As the market stabilizes, traders reflect on this rebound, reminiscent of past geopolitical crises where initial declines in stocks and cryptocurrencies eventually gave way to recovery. Notably, Bitcoin’s price fell sharply following the onset of the Russian-Ukrainian war in 2022 but experienced a resurgence soon after, indicative of investor behavior during intense periods.

Additionally, news impacting cryptocurrency recently has contributed to this bullish momentum. For instance, Justin Sun’s Tron is set to go public through a merger with the toy company SRM, an arrangement facilitated by Dominari Holdings, which has links to the Trump family. Michael Saylor’s ongoing acquisition of over 10,000 Bitcoin last week adds to sentiment—the pace of new coins mined is significantly lower, at about 450 per day.

The continuing accumulation by Bitcoin ETFs is another positive sign; last week, inflows reached $1.39 billion, suggesting a favorable demand-supply dynamic for Bitcoin’s price. In technical terms, the BTC/USD pair is consolidating, having traded at $108,110 today. This price is higher than last week’s low of $102,620 but still about $4,000 shy of its all-time high.

On the daily chart, Bitcoin is maintaining position above both the 50-day and 100-day Exponential Moving Averages (EMAs), which is usually considered bullish. The chart pattern resembles a cup-and-handle, often signaling further upward movement. Analysts predict a potential breakout if BTC/USD surpasses $110,000, yet a drop below $104,000 could negate this optimistic outlook.

In conclusion, Bitcoin remains on the radar for traders with its price currently rebounding in light of easing geopolitical fears. Both bullish and bearish strategies are in play, reflecting the volatility and potential of the BTC/USD pair. As Bitcoin continues to consolidate above critical moving averages, future movements may hinge on market sentiment and broader economic indicators.

Original Source: www.dailyforex.com