From Cointelegraph
June 09, 2025 03:24 AM:

Bitcoin closed the week above $106,000, offering hope for a return to all-time highs. Market observers are looking for signs of strength after a retest of $100,000 support. Long-term hodlers remain bullish, anticipating a breakout to $120,000. Liquidity grabs continue to impact BTC price action, with $100,000 as a critical level for market stability.

The CPI and PPI data are due this week ahead of the June FOMC meeting. Inflation has been slowing, but the Fed remains hawkish, drawing criticism from President Trump. Market expectations do not foresee rate cuts until September. Inflation concerns could strengthen the Fed’s stance, potentially impacting crypto and risk assets positively.

Bitcoin’s short-term holders may offer resistance at $106,200. Profitability levels could lead to selling pressure or decreased exposure. Santiment suggests that the public feud between Trump and Musk could have a bullish impact on Bitcoin. Social media reactions to the feud may lead to a market reversal, suggesting a “sell the rumor, buy the news” scenario.

Read more at Cointelegraph: Bitcoin price support at $100,000 becomes the key level to defend