The post Bitcoin dropping to $107K is likely before new all-time highs appeared on BitcoinEthereumNews.com.

Key points: Bitcoin is due a fresh run at all-time highs, traders believe, but a corrective phase is due first. BTC price targets include $107,000, with the six-figure barrier still on the table. US inflation data will inform market performance for the rest of the week. Bitcoin (BTC) sold off at the June 10 Wall Street open as traders took profit on a run past $110,000. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin all-time high talk returns after $110,000 tap Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the $108,500 mark at the time of writing, down around 1.5% from the daily open. Excitement over potential progress in a trade deal between the US and China had stoked crypto upside overnight, with the second day of talks still ongoing. “Despite vague affirmations from US officials, with terms like ‘fruitful’ and ‘good meeting’ dominating the post-talks rhetoric, the absence of substantive breakthroughs saw global risk assets pause,” trading firm QCP summarized in part of its latest bulletin to Telegram channel subscribers on the day. Digesting the latest market performance, crypto commentators agreed that a brief consolidation period should come next. “The first period of consolidation typically lasts a few days. Then, we’re going to have the next breakout above the ATH,” trader, analyst and entrepreneur Michaël van de Poppe wrote in part of his latest analysis on X.  “Ideal zone to buy? I would estimate around $107,000-$ 108,000.” BTC/USD 1-hour chart with RSI data. Source: Michaël Van de Poppe/X Analyst Mark Cullen also flagged $107,000 as a possible dip zone as part of a “quick retrace and fast buy up” for Bitcoin next. Other scenarios included a second retest of $100,000 support, as well as a $98,000 target in the case of a deeper correction. “Key levels are 106K, then…

---

Filed under: News - @ June 11, 2025 4:27 am