Bitcoin falling to 107 thousand USD is probably before the recent maxima of all time

Key points:

Traders believe that Bitcoin is to be a fresh run in the highest level, but the repair phase is first.
BTC prices include USD 107,000, and a six -digit barrier is still on the table.
Data in inflation in the US will inform about market results for the rest of the week.

Bitcoin (BTC) was sold on Wall Street from June 10, because traders brought profit as a result of USD 110,000.

BTC/1-hour chart. Source: Cointelegraph/TradingView

Bitcoin of all time returns after $ 110,000

Data from CointeLraph Markets Pro i TradingView He showed BTC/USD, which circled the 108,500 USD mark at the time of writing, which means about 1.5% compared to the Daily Open.

Thrilling potential progress in a trade agreement between the USA and China during the night excited the cryptographic mountain, and the second day of talks continued.

“Despite unclear confirmations from American officials, with terms such as” fruitful “and” good meeting “dominating in rhetoric after talks, the lack of substantive breakthroughs appeared on that day global risk assets”, the QCP trade company summed up in part of its latest newsletter for subscription of the telegram channel during the day.

While digging the latest market results, cryptography commentators agreed that the next tiny consolidation should take place.

“The first consolidation period usually lasts a few days. Then we will have another breakthrough over ATH”, trader, analyst and entrepreneur Michaël van de poppe wrote In the part of his latest analysis on X.

“An ideal zone to buy? I would estimate around 107,000–108,000 USD.”

*BTC/1-hour chart with RSI data. Source: Michaël van de poppe/x*

The analyst Mark Cullen also marked USD 107,000 as a possible immersion zone as part of “quick reconstruction and quick redemption” for Bitcoin.

Other scenarios included a second re -support of $ 100,000, as well as a goal of USD 98,000 in the event of a deeper correction.

“Key levels are 106,000, and then 98,000 for a stubborn continuation in summer,” Cullen summarized.

*1-day BTC/USD chart. Source: Mark Cullen/X.*

Markets “remain in the abyss” before the CPI

Continuing, QCP noticed that a lot of American macroeconomic data prints, including price reports, consumer prices (CPI) and the manufacturer’s prices (PPI) for May, for Wednesday and Thursday, respectively.

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“For now, the markets remain in the abyss,” he argued.

“Because the American CPI data is planned tomorrow, investors are careful. The risk is that continuous diplomatic ambiguity transforms into the wind into wider risk moods.”

According to Cointelegraph, the data will create some of the final US inflation guidelines before the federal reserve is fulfilled to discuss interest rates on June 18.

Markets see a little chance to reduce the rate before September, while US President Donald Trump has repeatedly demanded that the Fed be given.

The results of the economist survey by Reuters Published on the day, he repeated the expectations of the resumption of the rates of the rate.

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