Bitcoin has entered another important macroeconomic cycle, and bulls hope that the retest of the $100,000 support level has concluded.
The price movement of Bitcoin shows some hope at the weekly close, and the prediction of a return to historical highs remains valid.
Liquidity acquisition remains the focus, and if the $100,000 support fails, it could exacerbate a deeper correction.
This week, CPI and PPI data will be released, and the market is closely watching the Federal Reserve's movements ahead of the June FOMC meeting.
Short-term holders of Bitcoin face a critical level at $106,200, which may solidify short-term resistance at that position.
The public dispute between Donald Trump and Elon Musk may have become an unexpected boon for cryptocurrency holders.
Bitcoin successfully broke through $106,000 before the weekly close on June 8, followed by a surge in selling.
Despite significant price fluctuations throughout the week, data from Cointelegraph Markets Pro and TradingView shows that BTC/USD has almost completely returned to its starting point, successfully maintaining its weekly opening position.
This is significant for market observers eager to see evidence of price strength after retesting the $100,000 support level.
Trader and analyst Rekt Capital believes the outcome seems mixed, as the $104,400 support level remains intact, allowing BTC/USD to close higher for the fourth consecutive week, but a full return of the bull market has yet to be realized.
"Bitcoin has broken its two-week downtrend (light blue). Now, Bitcoin is attempting to challenge the resistance level at $106,600 (black)," he explained to followers on the X platform on June 8. "A slight rejection here is normal. But the goal is for Bitcoin to close above the black line on the daily chart to maintain a bullish trend."
Other analysts have already seen positive signals regarding Bitcoin's escape from the $100,000 low.
Trader Matthew Hyland pointed out that the price has now closed above the 10-period simple moving average (SMA) for several consecutive trading days.
BTC closes another candle above 10 SMA further confirming recent low: https://t.co/oXI3f8CxOZ pic.twitter.com/GQJCbCEDWn
Long-term investors are also not panicking, as seasoned holders are waiting for what they believe is an inevitable continuation of the bull market.
"Bitcoin is showing the calm before the storm. Bitcoin is compressing below the resistance level of $107,800, which is a typical volatility squeeze phenomenon," trader CryptoKing analyzed over the weekend, citing multiple price indicators. "If we observe the price maintaining higher lows with gradually decreasing volume, a breakout is imminent. The RSI indicator is also cooling down. If we successfully flip the resistance this time, the next target will be $120,000."
Exchange order book liquidity has become the core focus of recent Bitcoin price analysis.
Throughout May and June, Bitcoin's price has experienced rapid fluctuations, aiming to "capture" those increasingly thick liquidity areas.
As Cointelegraph reported, these liquidity areas are often not naturally formed but are strategic layouts by large capital traders, intended to guide prices in a specific direction.
Currently, the market's focus is entirely on the $100,000 threshold, which will test whether the market can withstand potential long liquidations.
"The Bitcoin liquidation chart conveys the same message as other technical charts, with large liquidity accumulation zones precisely corresponding to key price levels," trading analyst Daan Crypto Trades pointed out on the X platform. "Once it breaks below $100,000 and Thursday's low, the market could accelerate downward rapidly, and the current adjustment will deepen further."
Daan Crypto Trades also emphasized that upward liquidity is equally crucial, making Bitcoin's current historical high of $112,000 another area to watch closely.
"This price level likely has a large number of stop-loss orders set above it," he added.
Over the weekend, another trading analyst, Cas Abbe, noted that a 10% price increase would trigger the liquidation of $15 billion in short positions.
The last week before the Federal Reserve's June interest rate decision meeting will see the release of a series of key inflation indicators.
The Consumer Price Index (CPI) and Producer Price Index (PPI) for May will be released on June 11-12, with the latter coinciding with unemployment data.
Despite inflation continuing to slow down in 2025, the market's focus remains on the Federal Reserve's stance, as decision-makers have consistently maintained a no-rate-cut policy—something that could have provided strong support for cryptocurrencies and risk assets.
Federal Reserve officials, including Chairman Jerome Powell, have faced public criticism from President Trump for maintaining a relatively hawkish stance.
Nevertheless, the market has largely ruled out the possibility of a rate cut at the June or July FOMC meetings.
According to the latest data from CME Group's FedWatch tool, the market expects that the Federal Reserve may only lower the benchmark interest rate by 0.25 percentage points by September.
Trading firm Mosaic Asset warned in its latest "The Market Mosaic" market analysis report that inflation could rise again in the second half of 2025, further reinforcing the Federal Reserve's tightening stance.
"Multiple indicators show that inflation is easing. The latest Consumer Price Index (CPI) rose by 2.3% year-on-year, marking the smallest increase since February 2021. The Fed's preferred PCE inflation measure rose by 2.1%, nearing the Fed's target level," the firm stated in its report on June 8. "However, based on history, the deflationary trend since mid-2022 may soon come to an end."
The report includes comparative charts that detail the current inflation cycle against the inflation cycle of the 1970s. Mosaic added that U.S. trade tariff policies are beginning to show effects in the economy, which may lead to renewed inflationary pressures.
The speculative investment group in Bitcoin continues to attract market attention, seen as a potential driving force behind short-term price fluctuations.
At specific price levels, when the profit status of short-term holders (STHs) reaches a certain extent, it often tempts them to sell or reduce their Bitcoin holdings.
On June 8, the on-chain analysis platform CryptoQuant published a "flash" blog post noting that such price levels are precisely near the local highs before Bitcoin's weekly close.
"Short-term holders in a loss position often tend to panic," analyst Burak Kesmeci explained. "Therefore, when the price rises back to their breakeven point, they may think, 'I have taken enough risk' and choose to sell—turning that area into a potential resistance level (like $106,200)."
CryptoQuant data shows that $106,200 is particularly important for investors who bought in one to four weeks ago.
In contrast, the cost basis for buyers who entered three to six months ago is at $97,500, making it necessary for the market to hold that level as an important support level.
"Understanding the position status of short-term holders provides us with key price levels to gauge market panic and opportunities," Kesmeci added.
For Bitcoin bulls, research firm Santiment provided a potential bullish signal, suggesting that the worst period for Bitcoin prices may be over.
The firm stated that the reason lies in market crowd behavior and the interactions between President Trump and Elon Musk.
As these two figures publicly attacked each other on social media, the downward trend in Bitcoin prices intensified, which the market interpreted as the end of their political relationship.
"The public rupture of the relationship between Trump and Musk has sparked polarized reactions in the cryptocurrency community," Santiment stated to followers on the X platform over the weekend. "While some may view this as a trivial dispute, others express genuine concern that the conflict between these two influential pro-crypto figures could lead to a long-term bearish market trend."
Santiment hinted that this turmoil may have evolved into a typical "sell the rumor, buy the fact" market behavior.
"Typically, when discussions among well-known figures in cryptocurrency suddenly spike, the likelihood of a market reversal also increases," the firm stated.
Related: Michael Saylor's Strategy Company doubles down on Bitcoin (BTC) investment through a $1 billion stock issuance.
This article does not contain any investment advice or recommendations. Any investment and trading activities involve risks, and readers should conduct their own research before making decisions.
Original article: “$100,000 Becomes Bulls' Key Level: 5 Things to Know About Bitcoin (BTC) This Week”
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