Bitcoin Eyes June Breakout Amid Volatility Window and Iran Risk
Bitcoin price has entered a decisive volatility window from June 21–23, with key intraday ranges between $104,463 and $106,133, and support at $99,705. A close above $108,316 could propel Bitcoin price toward $109,598 and $111,696, while a drop below $99,705 may trigger a deeper pullback toward $89,294 (2.618 Fibonacci). On higher timeframes, Bitcoin remains above all major moving averages, with weekly fair value gaps intact and a bullish 100/200-day MA crossover looming. Between June 9–18, BTC ETF inflows totaled $2.408 billion despite prices slipping from $110,000 to $104,000, indicating strong demand but possible sell pressure. Traders should watch for a sustained move above $110,000 and monitor geopolitical developments in Iran, which could catalyze the next leg up or deepen retracements.
Neutral
This combined update presents a balanced view. In the short term, Bitcoin price sits within a clear volatility window, with defined support and resistance levels guiding potential breakouts or pullbacks. The recent BTC ETF inflows of $2.408 billion signal continued demand despite price weakness, while key moving averages and fair value gaps offer structural support. Geopolitical risk in Iran adds a wildcard, capable of triggering rapid market moves. Overall, these mixed technical and fundamental factors suggest a neutral stance until a sustained breakout above key thresholds or a decisive breakdown materializes.