Key:

Bitcoin (BTC) reached a weekly level of 110 653 USD on Monday, but currently dropped by 3.5%, falling on Thursday to the lowest level of USD 106,600. The escalational tension between Iran and Israel, along with reports of Israel, which probably prepared military activities against Iran, caused risk moods, with BTC to publish reaction.

From a technical point of view, the current BTC correction looks routine. BTC prices increased by about 10% between June 6 and Tuesday, and 3.5% inheritance can be considered normal. Axel Adler Jr, Bitcoin researcher, presented a similar sentiment, explaining that the current market is in the face of a “soft reversal point”.

By using the Bitcoin domination chart, the analyst explained that the drop in prices is potentially caused by long items assuming profits in resistance, which is supported by an aggressive tiny volume. Adler JR he saidIN

“This is a classic” pliable reversal point “after raising: As long as the financing remains positive, but open interest falls, you should expect a short -term correction or consolidation below 108 thousand. USD. “

While consolidation of nearly USD 108,000 should not break the stubborn shoot, the fractal analysis presents the possibility of deeper payment.

Related: Bitcoin adoption driven by “Deglobalization”, “Trump’s large, beautiful account”

Does Bitcoin fall into the trap of a bull?

The last Bitcoin rally up to USD 110,000 from USD 100,500 is a similar configuration from January 2025, when BTC prices increased to USD 102,700 from USD 91,200. The current observation reveals a convincing fractal pattern of potentially bears of implications. The fractal pattern is a repetitive trend that can lead to similar price effects due to identical market conditions. As shown in the chart, the pattern can be summarized in three similar signals:

• The price of BTC broke the waving of the trend line after absorbing 3-4 weeks of liquidity and created a stubborn breaking of the structure on the daily table.

• BTC did not accept the previous high, which in both cases was a high level.

• The relative force indicator dropped below 50 before recovering and reached rejection to 60.

Bitcoin could be a edged rejection, if this fractal persists, a potentially rapid decrease to 100,000 USD, where significant support lies, as indicated by the map of the map. The validation of this fractal analysis requires a further drop in price below Monday about USD 105,000.

This throws the problem of a potential bull trap for BTC, in which cryptographic resource can signal the beginning of a multi -week payment. It was annulled if Bitcoin regained and maintains above USD 108,000, denying a failed high level and suggesting a stubborn continuation.

RRaised: Bitcoin Bulls Halt 4,000 BTC DIP, like an American dollar, gets a novel 3-year minimum

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.