Bitcoin’s recent surge to $109,000 has been overshadowed by renewed conflict in the Middle East, with heightened tensions between Israel and Iran putting pressure on the market.
According to Bitfinex analysts, the resulting wave of selling has placed BTC in a vulnerable position, with a potential breakdown looming if support levels don’t hold.
The firm’s latest report notes that the current sell-off mirrors past capitulation events, which often preceded local bottoms. They believe Bitcoin must stay above the $102,000–$104,000 range to signal that the worst of the selling has been absorbed. A successful defense of this zone could pave the way for a bounce to $112,000 or even new all-time highs within two months.
Alphractal analysts, meanwhile, spotlight a different threshold. They argue that $98,300 is the line separating bullish continuation from deeper correction. If BTC holds above the realized price of short-term holders, sentiment remains positive. A break below that level, however, could shift the market toward a more bearish trajectory.
Both teams agree: BTC is nearing a critical decision point, with technical and psychological levels set to determine the direction of its next big move.
Corporate adoption of Bitcoin is gaining significant momentum, according to Bitwise Asset Management’s latest Q2 2025 report.
Bitcoin showed a brief bullish reaction to the June U.S. Producer Price Index (PPI) release at 12:30 UTC, but the move quickly lost steam as traders digested the broader implications of the data.
U.S.-listed spot Bitcoin ETFs continue to post strong inflows, recording their ninth consecutive day of net positive investment activity on Tuesday.
Chaitanya Jain, Bitcoin strategy manager at Strategy, has pushed back against online speculation that the company’s fate is tightly bound to the price of Bitcoin.