Key Takeaways
- Bitcoin’s (BTC) price has seen an inflow of spot BTC ETFs despite market uncertainties in the last few weeks.
- BTC’s price trades around a key support zone of $102,000; a break below this zone could lead to the price trading lower.
- Market sentiment for BTC remains bullish overall despite market uncertainties in the last few days.
Bitcoin’s (BTC) price trades a few hundred away from its key support of $103,000 as the price currently trades around $104,700 at the point of writing this after seeing its price bounce off quickly following the release of CPI (Consumer Price Index) data on June 18, 2025, as the price has struggled to rally to new all-time highs.
There is strong speculation that the price of Bitcoin (BTC) will trade lower to a region of $97,000, as the price trades around the key support zone despite a strong bullish market sentiment for Bitcoin over the last few weeks, during which the price has outperformed many altcoins.
However, despite market uncertainties affecting the price of Bitcoin (BTC), the Israeli-Iranian war is a major factor, as it has previously caused the price of Bitcoin to crash instantly towards $100,000. Still, on-chain data have suggested that the market continues to see a strong inflow of spot Bitcoin (BTC) ETFs in the past few weeks.
This inflow of Bitcoin ETF highlights strong institutional dominance, as the price is expected to maintain its strong bullish rally to the upside despite a price crash in key regions. Whales and institutions would be looking to create more stockpiles of Bitcoin reserves at strategic buy zones.
Where would BTC’s price be headed in the coming days following recent price struggles?
Bitcoin (BTC) Price Analysis
Source – BTC Price Analysis from TradingView
The price of Bitcoin in earlier weeks experienced a crash towards $100,000 following the Israeli-Iranian war’s impact on the financial market. However, the price of Bitcoin showed strong bullish strength, trading to the upside, but faced price rejection in the key support zone again after the CPI data remained unchanged.
Currently, the price of Bitcoin faces two key scenarios:
First, the price of Bitcoin (BTC) could form a bullish structure, rebounding off its support to the upside, with the price looking to create new all-time highs.
Second, if the price of Bitcoin fails to protect its key support zone of $103,000 and subsequently crashes to lower regions, we could see the price taking out liquidity in the form of a stop hunt, forming a bullish price structure with the price aiming to create new all-time highs.
Although market uncertainties could force BTC to trade lower, the overall long-term market sentiment remains bullish, with crypto experts also sharing a similar outlook for BTC’s price.
BTC’s Market Sentiment and Predictions
According to on-chain market expert Ali Martinez, the price of Bitcoin breaking below its key support zone of $102,500 to $100,000 could lead to a strong price crash to the next support level around $97,500, based on the Bitcoin MVRV price bands, as the price has previously respected these bands.
Institutions and whales will be paying close attention to Bitcoin in the coming days to see where the price is headed.
