Bitcoin Drama: Will It Stay Above $100K or Is It Just a Bad Joke? 😂

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Key takeaways:

  • So, Bitcoin is just hanging around $105,000, like it’s waiting for a bus that’s never coming. 🚏

  • Listen, if the bulls want to party, they better flip that $106,000 like a pancake. $100,000 is the big cheese here! 🧀

Bitcoin took a nosedive during Tuesday’s late New York trading hours, dropping 4% to $103,400. Thanks, Trump! Just what we needed, right? 🙄

After poking around the liquidity at $103,000, traders are saying a dip below $100,000 is about as likely as me winning a dance-off. Not happening! 💃

Bitcoin price key support remains at $100K

Bitcoin has been clinging to that $100,000 psychological level like it’s a life raft since May 8. It’s critical, folks! But it hasn’t even bothered to retest it lately. What’s up with that? 🤔

MN Capital’s Michael van de Poppe spotted Bitcoin at $104,400, saying after getting rejected at $106,000, it might just drop lower to grab some liquidity between $100,000 and $103,000. Classic! 🙈

Check out the chart! $100,000 is the level to watch. If it loses that, traders will be looking for entry positions below $100,000. It’s like a game of musical chairs, and there aren’t enough chairs! 🎶

Van de Poppe added:

“The second region is sub-$100K, which I find less likely.”

Pseudonymous analyst CrypNuevo shared a chart showing Bitcoin “looking good” above $100,000 after a successful retest on June 6. I mean, who doesn’t want to look good? 💁‍♂️

“All we need is this support level to hold, and to flip $106,000 into support to push the price higher,” the trader said. Easy peasy, right? 🙄

As reported by CryptoMoon, the $100,000 level is like the bouncer at the club. If it fails to hold, the sentiment could go south faster than a bad date. 💔

Liquidation clusters pop up above $106,000

Several traders are eyeing a potential upside liquidity grab with ask orders clustering above $106,000. Sounds like a party! 🎉

The latest data from CoinGlass shows price munching on bids around $105,000, with ask orders clustering between the spot price and $109,000. It’s like a buffet up there! 🍽️

The chart shows ask orders worth $70 million building up around $106,500. If that $106,000 level breaks, we could see a liquidation squeeze that’ll make short sellers sweat like they’re in a sauna. 💦

Prices could shoot toward $110,000, which is the next major liquidity cluster. Buckle up, folks! It’s going to be a bumpy ride! 🎢

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2025-06-18 13:14