Bitcoin (BTC) price has continued to slide into the weekly and monthly timetables despite the consolidations and turbulent markets in the hourly table. The flagship coin has formed a bullish continuation pattern after it was rejected on the all time of around $ 111,900, which was completed around 22 May 2025.
Since June 9, 2025, the BTC price has experienced a considerable resistance level of approximately $ 110,500, resulting in a decrease of 2-3 percent so far. The drop under $ 108k in the last 24 hours has created a palpable fear of further short -term correction.
Here are important factors to start FOMO and Bullish Sentiment for Bitcoin soon
Technical aspect
BTC Price has over the past five weeks above a crucial weekly support level around $ 104,354. In the past three weeks, the BTC price has re -tested the Bullish Breakout, which will soon indicate a parabolic rally.
The American place Bitcoin ETFs, led by BlackRock’s Ibit, have continued to collect more BTCs in the past year. As a result, Bitcoin’s balance on centralized exchanges has fallen exponentially to a multi -year low of approximately 2.09 million coins, which confirms a high demand for demand shock.