The post Top Analyst Predicts Next Level to Watch As Bitcoin Price Crashes appeared on BitcoinEthereumNews.com.

Bitcoin price tumbled below the key support level to a low of $102K on Friday amid volatility due to airstrikes on Iran’s nuclear facilities by Iran, uncertainty surrounding Trump tariffs, and crypto options expiry. While BTC price would try to reclaim $106K, a strong resistance level now, analysts predict key levels to watch amid a sudden price drop. Bitcoin Price Prediction by Top Analyst Bitcoin’s breakout above $106,000 didn’t hold, and that could mean more than just a failed rally. Rather, the rally to $110K turned out to be a “bull trap” which was driven by high-leverage traders. 10x Research analyst Markus Thielen in an X post on June 13 highlighted the importance for bulls to hold the $106,000 for a further rally. Bitcoin falling back below the threshold invalidated 10x Research’s breakout signal, reinforcing a cautious stance on further rally. The firm asserts that breakouts in both BTC and ETH were triggered by initial hype around the Circle IPO, which temporarily fueled speculative interest. Circle (CRCL) stock rallied over 168% on debut after it opened at $69, above its IPO price of $31, and closed at $83.23. 10x Research predicted $100,437 as the next support level to watch. If the sentiment drops near the support, then BTC price could drop further. Bitcoin Price Chart | Source: 10x Research The analyst also forecasted a lack of strong fundamental backing in the Ethereum price chart, which appears to be driven mainly by speculative positioning. Institutional Investors to Hold or Sell Bitcoin? President Donald Trump issued his first statement on Israel’s attack on Iran. He called Israel’s attack on Iran “excellent” and says, “there’s more to come, a lot more.” The White House released statements clarifying that the US was not involved in airstrikes on Iran. Moreover, President Trump gave Iran another…

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Filed under: News - @ June 14, 2025 5:26 am