Cryptonews BITCOIN, CARDONE CAPITAL, CRYPTOCURRENCY, MARKET ANALYSIS, MARKET TRENDS, METAPLANET Dante Raeburn June 24, 2025 0 Comments

Bitcoin Price Prediction: Is BTC Price Gearing Up for a 10% Pullback?

Bitcoin has recently dropped below $100,000, raising concerns of a further pullback of 5% to 8%. Amidst a bearish market sentiment, institutional investors continue to accumulate Bitcoin. Current market indicators suggest a potential for deeper declines, with critical support levels being tested.

Bitcoin has faced a significant pullback over the past weekend, with prices dropping below $100,000, testing crucial support levels. This recent price action has activated a bearish trade setup, which analysts claim could lead to increased profit opportunities in the immediate future. As the market evolves, bearish sentiment seems to be gaining traction, overshadowing bullish momentum as Bitcoin now appears at risk for further declines of about 5% to 8%. While this might not be alarming, dips like this often indicate a need for market stabilization after prior rallies.

The cryptocurrency market is currently navigating complex conditions influenced by external factors, particularly geopolitical tensions. Interestingly, the latest downturn below $100,000 might open the door for long-term holders to accumulate more Bitcoin, similar to the price movements seen earlier in 2024 when optimism bloomed. Despite the price drop, institutional investors are still bullish; firms like Metaplanet and Cardone Capital have been snatching up Bitcoin aggressively, showing commitment to future gains. Reports have emerged of Blackrock accumulating over 11,000 BTC in just one week, indicating a strong institutional belief in Bitcoin’s potential power.

However, there are signs that Bitcoin could be on the cusp of falling back below the $100,000 barrier. After experiencing a more than 8% decline from recent highs of about $110,000, the next few days could witness prices dipping as low as $92,000. Current technical indicators suggest persistent selling pressure, complicating prospects for a price rally. The Supertrend has turned bearish, developing a challenging environment for bullish buyers, and the RSI has been reflecting lower highs and lows, further confirming a bearish trajectory.

While the focus remains on immediate market dynamics, the resilience of Bitcoin’s support levels will be critical to watch. Recent support was tested around $98,817, and if this level succumbs to further declines, it could signal a new monthly low around $93,500. A bearish close at the month’s end could also highlight new entry opportunities for buyers who believe in an eventual comeback.

In conclusion, Bitcoin is at a critical juncture, facing potential dips but also opportunities for recovery. With significant institutional interest and an underlying belief in long-term growth, the current price fluctuations might be seen not only as bearish signals but also as chances for accumulation. Whether Bitcoin can stabilize above $100,000 remains a key focus, as indicators suggest further corrections may be on the horizon. Investors should stay vigilant as the market navigates these complexities.

Original Source: coinpedia.org