The price of bitcoins will drop below 104 thousand. USD, because Russian-Ukraine, unhappy American American supplies

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Key points:

  • Bitcoin remains near its venerable tallest all time since the end of 2024, when American Actions Digest increased tension in Europe.

  • Traders reject market nerves after BTC/USD decrease compared to the latest record of USD 112,000.

  • June may end flat without another market catalyst.

Bitcoin (BTC) sought to re-test 2024 at Wall Street Open when Russia-Ukrain’s tensions returned to the market.

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

Bitcoin is swaying when the bulls are fighting for the peak 2024

Data from CointeLraph Markets Pro i TradingView He showed that BTC/USD fell below USD 104,000.

The US shares opened cautiously among the expectations of geopolitical variability. Commenting, resource trading Kobeissi emphasized the uncertainty of the current situation.

“This is an effectively market valuation of the Russia-Ukraine peace agreement, on which President Trump has been working for over 3 months,” he wrote partly Continuous range of X.Referring to US President Donald Trump to stop the conflict.

“However, we have not received one comment from the USA or President Trump. Apparently something is happening behind the scenes. How will the US react?”

S&P 500 1-hour chart. Source: Cointelegraph/TradingView

Cryptographic voices had similar fears, and the independent Filbfilb analyst predicted an undesirable result of risk assets.

“The markets look like they were fighting with me, and gold look strong and tensions when Russia escalated, led me to suspect sales on cards and at the beginning of June”, he “, he he said X followers of that day.

Fleshilb anticipated This should find the supplies of fresh stubborn rush, Bitcoin “would probably surpass”, adding that BTC “still looks stubborn” in the long term.

Some traders shared this view, including the popular Jelle trader, who suggested that the reactions to the current reference to local falls were too bear.

Others completed the May Monthly Cock Close, which ended with the highest in the history of Bitcoin – although in a petite fanfarie.

“This is one of the most beautiful monthly closures you can wish BTC” replied.

1-week BTC/USD chart. Source: Wąszy/X

Expected price “muted” BTC

Looking into the future, market participants were undecided – after recent variability they agreed, BTC/USD may need a trade period.

Related: $ 100,000 RATEST VS The highest monthly close in history: 5 things to Poznań in Bitcoin this week

“Despite the volatility, BTC still floats above USD 102,000, a testimony of basic support. Variability on the front has been constantly compressed, and the reversal of the risk began to normalize theories,” wrote the QCP Capital Commercial Company in its latest Bulletin for Telegram Telegram Subscribers.

“It signals expectations for a muted price in the near future.”

QCP has transferred the corridor of 100,000-110 000 USD in the future in the absence of further volatility catalysts.

In the meantime, popular Daan Crypto traders treated in previous monthly behaviors opening guidelines.

“I think there is a good chance that in the first week there is probably a movement that you can disappear after seeing the first signs of local reversal. If so, I will stick to this trend for the rest of the month”, part of the analysis X Post On reading.

Daan Crypto Trades expressed “strong prejudice towards both directions” in June as a whole.

BTC/USDT perpetual swaps 1-day chart. Source: Daan Crypto Trades/X

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.

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