BTC Price Prediction: $96K-$144K Target Range Amid Market Correction

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• Technical Outlook: Mixed signals with bullish MACD divergence offset by price below MA
• Market Sentiment: Institutional accumulation counters retail sell-off fears
• Price Targets: Mayer Multiple suggests $96K-$144K range post-correction

BTC Price Prediction

BTC Technical Analysis: Short-Term Bearish Pressure Amid Bullish Fundamentals

BTCC financial analyst Robert notes BTC is currently trading at, below its 20-day MA ($105,112), indicating short-term bearish momentum. However, the MACD shows bullish divergence (1483 vs 563 signal line), while Bollinger Bands suggest potential support at $100,029. 'This pullback appears technical after the recent rally,' says Robert, 'with key support levels holding despite geopolitical headwinds.'

Market Sentiment: Institutional Accumulation Offsets Geopolitical Fears

Robert highlights conflicting signals:

• Negative: ETF outflows and $82K retracement risks from geopolitical turmoil
• Positive: Metaplanet's $1B BTC purchase, Texas BTC reserve, and 10X spot volume surge

Factors Influencing BTC’s Price

Metaplanet Expands Bitcoin Holdings to $1B Amid Market Decline

Metaplanet, the Tokyo-listed investment firm, has acquired an additional 1,111 Bitcoin for $118.2 million, bringing its total holdings to 11,111 BTC valued at over $1.07 billion. The purchase was executed at an average price of $106,408 per Bitcoin, despite the cryptocurrency's 4% weekly drop to around $101,000.

The firm's aggressive accumulation strategy, initiated in mid-2024, has seen its bitcoin stash grow 28-fold since December. Metaplanet reports a quarter-to-date BTC yield of 107.9%, up from 95.6% in Q1, with gains of 4,367 BTC ($451.2 million) this quarter based on Bitflyer reference prices.

Funding for these purchases has been secured through capital market activities, including zero-coupon convertible bonds. Metaplanet shares fell 3.5% following the announcement, even as the company cements its position as a major institutional Bitcoin holder.

Bitcoin Price Dives as Geopolitical Tensions Trigger Market Sell-Off

Bitcoin's price tumbled below the $103,000 support level amid escalating geopolitical risks, with Kraken data showing a 7.7% decline from the $106,470 swing high to a $98,277 low. The cryptocurrency now faces stiff resistance at the $101,250 trendline and the $102,500 Fibonacci level.

Market structure appears bearish as BTC trades below both the $102,000 psychological level and the 100-hour moving average. The current consolidation phase follows a liquidation cascade that wiped out nearly $8,000 in value within hours, reflecting heightened risk aversion across digital asset markets.

Traders are watching the $100,000 support zone closely - a breach could accelerate selling pressure toward the December 2023 consolidation range. The 50% retracement level at $102,500 now serves as a critical inflection point for any recovery attempt.

Bitcoin Volatility Intensifies as ETF Flows Collapse Amid Broad Market Selloff

Bitcoin whipsawed violently as ETF inflows evaporated, plunging to $98,000 before rebounding above $102,000 within hours—only to retreat again. The flagship cryptocurrency now hovers near $100,879 as Leveraged traders saw over $1 billion in liquidations, with longs accounting for 95% of casualties.

The crypto rout mirrors chaos across traditional markets. Oil markets flashed extreme volatility with Brent crude spiking 5.7% before surrendering gains, while equities and forex markets reeled from systemic shocks. Iran's ambiguous threats regarding sovereign retaliation added geopolitical uncertainty to the turmoil.

Market structure appears fractured. The simultaneous breakdown of correlations between typically disparate asset classes—from digital assets to commodities—suggests a liquidity crisis unfolding across the financial ecosystem. 'This isn't normal volatility,' remarked a veteran trader at a major exchange. 'The market's behaving like a punched-out boxer—swinging wildly but not seeing straight.'

Bitcoin Traders Face Potential $82K Retracement Amid Geopolitical Turmoil

Bitcoin's price volatility intensified on June 21st, plunging below $102.5K as geopolitical tensions triggered a market-wide selloff. The U.S. bombing of Iranian nuclear sites sent shockwaves through crypto markets, with BTC tumbling to $100,809 amid a cascade of long liquidations totaling $127.3 million.

Glassnode's MVRV Extreme Deviation Pricing Bands flashed warning signals as BTC broke below the +0.5σ band at $102,770. Historical patterns suggest such breakdowns often precede extended corrections - the February 2025 instance led to a six-week downtrend. Market structure now shows alarming parallels, with Bitcoin's long dominance spike failing to prevent the geopolitical-induced plunge.

The $100K support level has become critical. Its failure could accelerate the retreat toward $82K, though the market's hypersensitivity to macro events makes technical projections unusually volatile. Traders face a bifurcated scenario: either rapid recovery above $103K stabilizes sentiment, or continued weakness confirms a deeper reset is underway.

Bitcoin Spot Volume Surges 10X on Binance Amid Mixed Market Signals

Bitcoin's spot trading volume on Binance has skyrocketed, now nearly matching the combined volume of all other major exchanges. The platform's dominance has surged tenfold compared to Coinbase, according to Alphractal CEO Joao Wedson. Yet, despite this concentrated activity, BTC's price remains stagnant around $102.6K—a divergence that historically precedes rallies but carries heightened risk due to single-exchange reliance.

Beneath the surface, conflicting signals emerge. Exchange netflows turned positive on June 22nd with 5.9K BTC moving to centralized platforms—a traditional precursor to sell pressure. This contradicts the bullish volume data, suggesting traders may be preparing exits even as Binance activity hits record levels. Meanwhile, declining network growth and Stock-to-Flow ratios erode Bitcoin's scarcity narrative, with short-term holder confidence waning as evidenced by a drop to 3.5% in key HODL waves metrics.

Bitcoin Mayer Multiple Suggests $96K or $144K Price Targets Amid Market Correction

Bitcoin's price action remains constrained below the $110,000 resistance level despite a brief uptick following geopolitical developments involving US-Iran tensions. The cryptocurrency has struggled to maintain momentum over the past month, caught between macroeconomic uncertainty and technical stagnation.

On-Chain College, a pseudonymous analyst, highlights two potential price trajectories using the Mayer Multiple metric. The indicator—which compares BTC's price against its 200-day moving average—currently frames the bull market within a 1.0x to 1.5x valuation band. Historical patterns suggest this consolidation often precedes decisive moves toward either $96,000 (1.0x) or $144,000 (1.5x).

Market participants appear to favor upside potential, though recent price struggles have seeded doubt. The Mayer Multiple's mid-range zone (orange band) now serves as a critical psychological threshold for traders awaiting the next macro trend confirmation.

Controversial Crypto Donation Shifts Czech Political Landscape

Czech politics faces upheaval as a Bitcoin-related scandal erodes support for the ruling coalition. Opposition party ANO, led by billionaire Andrej Babiš, now commands 31% voter support according to STEM institute polling. The scandal coincides with declining fortunes for Prime Minister Petr Fiala's Spolu alliance, which dropped to 20% support after initial gains.

Market analysts note the incident demonstrates cryptocurrency's growing influence in geopolitical affairs. While no specific digital assets were named in the controversy, the affair highlights how blockchain transactions can create political accountability challenges. The situation bears watching as institutional adoption grows globally.

Bitcoin Treasury Companies: A Double-Edged Sword For The Market

Bitcoin prices dipped below $103,000, marking a 1.17% decline in the past 24 hours. The cryptocurrency continues to correct after reaching an all-time high of $111,970 on May 22. Despite the downturn, BTC remains a standout performer, boasting over 600% gains since the FTX-induced crash in November 2022.

Miles Deutscher, a prominent crypto analyst, highlights the dual role of Bitcoin treasury companies in shaping market dynamics. These firms, which hold BTC as a reserve asset, include major players like Tesla, MetaPlanet, and MicroStrategy—the latter alone holds 576,230 BTC. Collectively, 34 publicly traded companies own 724,612 BTC, according to CoinGecko.

The trend underscores institutional adoption but also introduces volatility risks. As Deutscher notes, concentrated holdings can amplify both bullish momentum and downside pressure. The market now watches whether these corporate treasuries will act as stabilizers or accelerants in Bitcoin's next phase.

MicroStrategy's Michael Saylor Hints at Further Bitcoin Purchases Amid Bullish $21M Prediction

MicroStrategy executive chairman Michael Saylor has again signaled potential Bitcoin accumulation through a cryptic social media post. The June 22 X message featuring Bitcoin's price chart and the phrase "Nothing Stops This Orange" follows Saylor's established pattern of telegraphing corporate BTC acquisitions before SEC filings.

The NASDAQ-listed firm now holds approximately 592,100 BTC worth over $60 billion - representing 2.8% of Bitcoin's total supply and cementing its position as the world's largest corporate holder. Saylor maintains extreme long-term conviction, recently projecting Bitcoin could reach $21 million within 21 years.

This aggressive accumulation strategy faces scrutiny from prominent short-seller Jim Chanos, who challenges MicroStrategy's use of convertible debt to fund purchases. The debate highlights growing institutional interest in Bitcoin as a treasury asset, despite lingering skepticism from traditional finance quarters.

Max Keiser Foresees $800K Bitcoin Amid 'Bond Apocalypse' Scenario

Bitcoin's recent volatility, including a 4% dip to just under $103,000, may be a prelude to a seismic surge toward $800,000, according to Max Keiser. The prominent Bitcoin advocate argues that the 10-year Japanese Government Bond (JGB) yield, currently at 3.5%, could trigger a global financial collapse if it rises further.

Keiser warns that a breakdown of the yen carry trade—where investors borrow low-yielding yen to fund speculative bets—could force Japan to sell U.S. Treasuries, sparking a "bond apocalypse." In such a scenario, trillions in capital could flee collapsing debt markets and flood into Bitcoin.

Texas Establishes First Publicly-Funded Bitcoin Reserve

Texas has made history by becoming the first U.S. state to allocate public funds for Bitcoin purchases. Governor Greg Abbott signed Senate Bill 21, creating the Texas Strategic Bitcoin Reserve—a MOVE that underscores institutional confidence in BTC as a store of value and inflation hedge.

The decision follows earlier state-level Bitcoin reserve initiatives in Arizona and New Hampshire, but Texas stands apart by committing taxpayer dollars. "We can buy land, we can buy gold; the state should evaluate the best performing asset of the past decade," remarked bill author Senator Charles Schwertner during February deliberations.

This development signals growing governmental recognition of cryptocurrency's role in treasury management. Market observers anticipate Ripple effects across other state legislatures and institutional investment strategies.

Is BTC a good investment?

Robert presents a balanced view:

Key considerations:

• Pro: Institutional adoption accelerating (Texas reserves, corporate treasuries)
• Con: Geopolitical risks may prolong volatility