So, here we are again, folks! Bitcoin (BTC) is strutting into a new week like it just won the lottery, ready to recover from those pesky Israel-Iran losses. What’s next for our beloved BTC price action? Grab your popcorn! 🍿
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With a solid weekly close and a jaunt past $107,000, BTC/USD is flexing its muscles as Wall Street returns. Who knew crypto could be so dramatic? 💪
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But wait! A tense Fed interest rate decision is looming, and there are fears that an oil price surge could add to inflation. Because, of course, we need more drama! 🎭
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In a rare moment of unity, both Bitcoin whales and retail investors are in “hodl” mode. It’s like a crypto family reunion, but without the awkward small talk! 🐋🤝
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Perp markets are showing a discount to spot, which means a short squeeze might be on the horizon. Hold onto your hats, folks! 🎢
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And let’s not forget, BTC price targets are looking bullish, with $200,000 still on the table. No signs of a long-term top? Sounds like a party! 🎉
Liquidity in focus as weekly close preserves $105,000
After a rather flat weekly close, Bitcoin is busy clawing back lost ground, strutting past $107,000 to kick off the week. Talk about a comeback! 💃
Much of the downside from the Israel-Iran conflict has been wiped away, according to the data from CryptoMoon Markets Pro and TradingView. Who knew data could be so reassuring? 📊
“Closed the weekly over $104,500, which is a very good sign. Just need to hold over now,” chirped popular trader Crypto Tony on X. Optimism is in the air! 🌈
Blocks of ask liquidity above the spot price got a visit during the first Wall Street trading session, with analyst Mark Cullen predicting liquidity below price might also get taken. Because why not? 💸
📈 #Bitcoin liquidity sandwich 🥪 $BTC holding on around the 105k level, with liquidity tightly surrounding price to the upside and down. Likely we see both sides run today IMO. #Crypto #BTC
— AlphaBTC (@mark_cullen) June 16, 2025
Monitoring resource CoinGlass flagged order book liquidity as a potential short-term price magnet, with $104,000 being the star of the show. 🎯
“$BTC is moving in a small range this month, just 10% between high and low,” said analyst and YouTube host Rananjay Singh. Sounds like a cozy little range! 🏡
“But in the last 4 years, every month moved more than this. This tells us a big move is coming, up or down.”
Earlier, CryptoMoon reported on traders’ needs for support retests, with $100,000 being the level bulls need to protect. It’s like a game of crypto chess! ♟️
FOMC week dawns in the shadow of oil surge
The Federal Reserve interest rate decision is the week’s main event, with geopolitical events raising the stakes in its fight against inflation. Grab your popcorn again! 🍿
The June 18 meeting of the Federal Open Market Committee (FOMC) is set to continue the ongoing pause in rate cuts throughout 2025, according to data from CME Group’s FedWatch Tool. Because who doesn’t love a good pause? ⏸️
While markets had long priced out the odds of a cut before September, pressure from US President Donald Trump puts the Fed and Chair Jerome Powell in a bit of a pickle. 🍔
Powell’s language at the FOMC press conference will be closely watched by market participants looking for signs of a shift in stance. It’s like waiting for the next season of your favorite show! 📺
The meeting comes as a surge in oil and commodities threatens to upend US inflation expectations. Because, of course, we need more surprises! 🎉
“After dropping below key support at the $66 level, oil prices have staged a massive reversal on geopolitical tensions and fears over Middle East oil supplies,” trading firm Mosaic Asset wrote in their latest newsletter, “The Market Mosaic.”
“Along with the U.S. Dollar Index (DXY) hitting the lowest level in over three years, the developments are sending broad commodity indexes near a key multi-year resistance level. A breakout would have significant implications on the inflation outlook in the months ahead.”
A silver lining for Bitcoin may lie in historical precedent. Both a weak dollar and strong oil have acted as BTC price catalysts in the past. Fingers crossed! 🤞
However, trading resource The Kobeissi Letter saw a different outcome already emerging. Because why not throw a curveball? ⚾
“While all of the headlines point to more escalation and a longer war, the stock market says the EXACT OPPOSITE. Equity markets have turned green, oil prices are now up just +0.5%, and gold is down just -0.5%,” it noted on June 16.
“If the market were truly concerned about a long-term conflict, oil prices would have already crossed above $100/barrel. In fact, oil prices are more than 10% BELOW their high recorded last week.”
Kobeissi concluded that some form of “peace deal” was being priced in. Because who doesn’t love a happy ending? 🕊️
Whales and retail agree: BTC is a “HODL”
Bitcoin whales, the “smart money” of the BTC ecosystem, often diverge from retail investors. It’s like the cool kids vs. the rest of us! 😎
As CryptoMoon has explained, large-volume traders tend to buy long before mainstream consumers. But the latest data from onchain analytics platform CryptoQuant shows a rare consensus emerging among both whales and smaller entities.
At around $106,000, Bitcoin is a firm “hold” across the investor spectrum. It’s like a group hug for crypto! 🤗
“Today, Binance BTC inflows from both groups have dropped to their lowest levels since the beginning of this cycle,” contributor Darkfost wrote in one of its “Quicktake” blog posts on June 15.
“This pattern indicates a strong preference for holding rather than selling. Notably, both whales and retail investors appear aligned in their approach, a highly constructive signal for the market.”
CryptoQuant data contrasts the current mood with that of late 2024 when BTC/USD was making all-time highs. Back then, it was a different story! 📈
“Aside from the consistent inflows observed early in the cycle, there were two key moments when whales and retail investors acted in sync. These periods coincided with previous market tops,” Darkfost continued.
“This sharp decline in inflows may suggest that most participants are waiting for clearer macroeconomic signals or simply maintaining high conviction in Bitcoin’s long-term trend.”
Earlier, CryptoMoon reported on spot exchanges’ dwindling Bitcoin reserves, with 550,000 BTC being withdrawn over the past year alone — a third of their total supply. Talk about a diet! 🥗
Binance analysis sees chance of short squeeze
Eyeing Binance for signs of a “short squeeze” and BTC price surge is CryptoQuant contributor Joao Wedson. Because who doesn’t love a good squeeze? 🍋
The BTC price on derivatives is currently lower than spot markets — and once that trend flips, it’s historically good news for bulls. Fingers crossed! 🤞
“If the BTC perpetual price difference on Binance turns positive again, it’s a sign that the price is about to explode,” he told X followers, referencing Alphractal data.
“Until that happens, we can say that many institutions are already putting pressure through Shorts, which could be good for a possible Short Squeeze since they’re going against the OG Whales.”
Alphractal shows the “derivatives discount” staying conspicuously high throughout 2025. Because why not keep us on our toes? 🕺
“Unlike in 2021-2022, when this kind of difference signaled a Bear Market, today the scenario is different: we are at all-time highs and the discount in derivatives persists,” it commented.
“This may reflect institutional hedging, arbitrage, or ETF dynamics.”
BTC price targets aim for the moon
Despite recent BTC price stagnation and repeated failures to crack new all-time highs, many traders are anything but bearish. It’s like waiting for the next big blockbuster! 🎬
Over the past week, more voices have joined the narrative that BTC/USD is simply preparing for its next attack on resistance. New all-time highs? Yes, please! 🙌
🚨 #Bitcoin traders are eyeing new all-time highs — some calling for $270K by October.
The bull run? Far from over. A major $BTC comeback could be just getting started. 👀📈
Read more 👇
— CryptoMoon Markets & Research (@CryptoMoonMT) June 16, 2025
“Bitcoin is trending upward in an Ascending Broadening Wedge,” one recent forecast from popular trader Alan Tardigrade stated on June 15. Sounds fancy! 🎩
“This pattern has recently formed for weeks and is expected to reach $170k levels.”
Targets of $200,000 or more are not uncommon for the current bull market, while a giant list of BTC price indicators has yet to give any sign that the top is near. It’s like a never-ending party! 🎉
As CryptoMoon reported, the “bull market peak” selection of 30 indicators from CoinGlass currently tells investors to “hold 100%” of their allocation. Because who doesn’t love a good hold? 🤷♀️
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2025-06-16 12:15