Bitcoin (BTC) Price: Why Analysts See Major Breakout Coming in Weeks
TLDR
Bitcoin fell 4.5% to $103,000 but maintains monthly range between $100,000-$110,000
Analysts expect a large price move in the next 1-2 weeks as key resistance levels weaken
Strong accumulation by long-term holders continues while exchange selling pressure drops
Support holding at $102,000-$104,000 range with resistance at $108,890
Stablecoin inflows to exchanges decreased from $131 billion to $70 billion since December
Bitcoin continues to trade within its established monthly range as analysts point to several factors that could trigger a major price movement in the coming weeks.
The cryptocurrency recently tested the $103,000 level after a 4.5% pullback. This drop occurred as Bitcoin failed to break above the $108,000-$109,000 resistance area for the fourth time in a month.
Market analyst Daan Crypto Trades noted that Bitcoin is “setting up for a large move” while holding its monthly range between $100,000 and $110,000. The trader expects this range to break at some point in June, with a move likely in the next 1-2 weeks.
$BTC The Market is setting up for a large move 🚨
BTC currently is still in its monthy range which is extremely likely to get broken at some point in June.
Besides that, the current weekly low & high also have a very low probability of being held. This of course makes sense as… https://t.co/HNPug0CcFK pic.twitter.com/aAog8ESNTC
— Daan Crypto Trades (@DaanCrypto) June 17, 2025
The current weekly high and low levels have “a very low probability of being held” according to the analysis. A break from these levels could lead to movement in the direction of the breakout.
Long-Term Holders Show Strong Demand
Data from CryptoQuant reveals that accumulator addresses have shown steady increases in their 30-day moving average demand. These addresses consist of participants who accumulate Bitcoin and rarely engage in selling transactions.
Permanent Holder demand is accelerating.
This signal often precedes Bitcoin rallies and reflects long-term conviction. pic.twitter.com/jAjqy9YFNn
— CryptoQuant.com (@cryptoquant_com) June 16, 2025
This accumulation pattern has continued for the past two months. Long-term holders have maintained their positions despite short-term price volatility.
The behavior suggests what analysts call “base-building.” This occurs when price action consolidates in ranges while long-term investors add to their holdings.
Exchange Activity Points to Reduced Selling
Stablecoin inflows to centralized exchanges have dropped from $131 billion in December to $70 billion in June. This figure sits $5 billion below the 365-day moving average.
The decline in stablecoin inflows indicates cooling excess bullish momentum. It also suggests that holders may be limiting their selling activity.
Analyst Axel Adler Jr described this as strong evidence of ongoing base-building activity. The reduced selling pressure comes as Bitcoin maintains its position above the $100,000 psychological level.
In December 2024, when BTC was trading between $98K and $100K, average daily inflows of USDT and USDC into all centralized exchanges (CEXs) reached a record high of $131B. By June, that figure had dropped to $70B per day – $5B below the 365-day average of $75B and $61B below the… pic.twitter.com/ri8KdCVu38
— Axel 💎🙌 Adler Jr (@AxelAdlerJr) June 16, 2025
Rekt Capital highlighted that Bitcoin has been retesting its old range high as support for six weeks. The cryptocurrency has shown stability around the $104,400 level during this period.
The analyst noted that recent pullbacks have been less than 10% in depth. These drops have also been diminishing, with the first rejection producing a 7.72% drop and the current pullback showing a 4.5% retrace.
The strongest support lies between $102,000-$104,000. The key resistance level to break remains at $108,890.
Weekly closes above the $104,400 level would position Bitcoin for what Rekt Capital calls its “Second Price Discovery Uptrend.” Any candle wicks below this level are considered noise rather than meaningful breaks.
As of current trading, Bitcoin sits at $105,085, showing a 1.1% increase from earlier levels. The combination of strong holder demand, reduced exchange selling, and consolidation above $100,000 has created conditions that analysts believe point to higher prices ahead.
The post Bitcoin (BTC) Price: Why Analysts See Major Breakout Coming in Weeks appeared first on CoinCentral.
Filed under: News - @ June 18, 2025 8:24 am