Bitcoin price started a fresh decline and tested the $103,200 zone. BTC is now recovering and might aim for a move above the $106,800 resistance. Bitcoin started a fresh decline below the $106,800 and $105,500 levels. The price is trading near $105,800 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $105,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it clears the $106,800 resistance zone. Bitcoin Price Recovers Bitcoin price started a fresh decline after it failed to clear the $110,000 resistance zone. BTC declined below the $107,000 and $106,000 support levels. The price even dipped below the $104,000 support level. Finally, it tested the $103,200 zone. A low was formed at $103,078 and the price is now recovering losses. There was a move above the 23.6% Fib retracement level of the recent decline from the $110,411 swing high to the $103,078 low. Besides, there was a break above a key bearish trend line with resistance at $105,000 on the hourly chart of the BTC/USD pair. Bitcoin is now trading near $105,800 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $106,000 level. The first key resistance is near the $106,750 level. It is close to the 50% Fib retracement level of the recent decline from the $110,411 swing high to the $103,078 low. The next key resistance could be $107,500. A close above the $107,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $110,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $106,750 resistance zone, it could start another decline. Immediate support is near the $105,000 level. The first major support is near the $104,200 level. The next support is now near the $103,200 zone. Any more losses might send the price toward the $102,500 support in the near term. The main support sits at $100,000, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $104,200, followed by $103,200. Major Resistance Levels – $106,750 and $107,500.
Bitcoin is undergoing a significant role shift, emerging as a preferred store of value amid changing investor dynamics and macroeconomic conditions. Recent market data reveals Bitcoin’s decoupling from traditional U.S.
Bitcoin makes a role shift, potentially becoming a new store of value for investors.
On June 16, 2025, Metaplanet, a publicly traded Japanese firm, disclosed a strategic financial move during its board meeting. The company approved the issuance of $210 million in zero-coupon ordinary
DRW Investments has committed $100 million to Trump Media & Technology Group’s bold Bitcoin treasury plan, signaling growing institutional confidence in cryptocurrency as a strategic asset. This significant capital injection
Bitcoin’s bullish momentum erupts as top voices target $1 million, reigniting buzz around a legendary bid to snap up all 21 million BTC at $0.02. Saylor Declares $1M or Zero for Bitcoin—Adam Back Says $1M BTC It Is A pronounced uptick in bullish sentiment surrounding bitcoin unfolded across social media platform X on June 13,
Bitcoin’s mining difficulty has dropped slightly after reaching its highest level ever at the end of May. On Saturday, June 15, the network recorded a small but notable decrease in difficulty, bringing it down to approximately 126.4 trillion. This follows the all-time peak of 126.9 trillion on May 31, according to data from blockchain analytics firm CryptoQuant. The drop is slight, but that’s a landmark for mining. Bitcoin’s difficulty is automatically adjusted approximately every two weeks to reflect changes in the total hashrate, the sum of all miners’ computing power aiming for solutions to the Bitcoin network . When additional miners join the network, the difficulty increases to help maintain block production at regular intervals. When miners go offline because of cost or inefficiency, the difficulty drops in adjusting. The hashrate is still robust, surpassing a psychological barrier of 1 zetahash per second (ZH/s) in April. Rising costs challenge miners While it remains a tad less tough, several miners struggle with heavier workloads. The April 2024 halving, a scheduled phenomenon that cuts Bitcoin’s block reward in half every four years, slashed the reward for successfully mining a block to 3.125 BTC from 6.25 BTC for miners, which translates into half the revenue for the same work. Factors such as surging electricity prices, rising hardware costs, and the pressure to stay updated with the latest technological turnover have caused many smaller or medium mining operations to be on the brink. Production costs are expensive for some small-scale miners, particularly in regions with relatively high electric power prices or relatively inefficient power supply systems. For those miners, keeping operations going is burning cash, a high-stakes wager, given that they either have access to cheap energy or anticipate a sharp rise in the price of Bitcoin shortly. Big players grow despite headwinds While many miners are scrambling , larger publicly traded companies do the opposite: ramping up and holding onto Bitcoin. Marathon Digital Holdings (MARA) said it produced roughly 35% more Bitcoin mined in May despite facing industry headwinds. The firm also mined 950 BTC for the month, an increase from April’s amount. Rather than liquidating coins into fiat to cover costs — as many miners often tend to do — MARA decided to hold onto those obtained through Bitcoin mining and increased the size of their corporate treasury to 49,179 BTC. “Record production month for MARA, and we sold zero Bitcoin,” said Salman Khan, Marathon’s chief financial officer, in a June 3 post on X . CleanSpark, another major mining company with a degree of emphasis on renewable energy, also reported solid results. The company reportedly mined 694 BTC during the month, an increase of approximately 9% from the prior month. CleanSpark’s capacity of hashrate, an essential performance measure, rose to 45.6 exahashes per second (EH/s) by the end of May. CleanSpark CEO Zack Bradford said that the increase was attributable to continued investment in cleaner forms of energy and improved mining hardware. He added that they had intentionally scaled their footprint over the years to remain profitable in tough macroeconomic environments. Both companies are part of a new breed of miners who consider Bitcoin a revenue source and a strategic financial asset. It has boiled down to holding Bitcoin on the balance sheet, a decision increasingly adopted by the corporate treasuries experimenting with crypto. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
According to the latest data from Coinglass, the crypto spot fund landscape experienced notable capital movements within the last 24 hours. USDC led the net inflows with an impressive $77.04
According to COINOTAG News on June 16, the Crypto Fear and Greed Index registered a value of 61, slightly up from 60 the previous day, signaling a sustained market sentiment
Israel’s recent airstrikes on Iranian nuclear facilities have heightened geopolitical tensions, directly influencing global markets and stabilizing Bitcoin near $105K. The military actions have triggered volatility across risk assets, with