Bitcoin Eyes $104K Surge as $109K Target Beckons Amid Market Turmoil

Global shakeups fuel crypto’s relentless climb—BTC’s next stop could rewrite the playbook.

Forget ’safe havens.’ While traditional markets flinch, Bitcoin’s charging toward $104K with $109K looming as the next psychological battleground. Another day, another reminder that decentralized money laughs at geopolitical tremors.

Wall Street analysts? Still busy downgrading their own outdated models. Meanwhile, the orange coin keeps printing its own reality.

Czech Minister Resigns Over $45M Bitcoin Scandal

The crypto world was rocked when Czech Justice Minister Pavel Blazek stepped down after it emerged that his ministry sold nearly $45 million in Bitcoin, donated by convicted drug trafficker Tomas Jirikovsky.

Intended to fund prison projects and digital justice reforms, the funds were accepted without proper vetting, under the assumption that Jirikovsky was trying to make amends.

Czech Justice Minister resigns over $45M Bitcoin donation tied to convicted criminal.

Now under police probe for possible money laundering. pic.twitter.com/csPVW42nWm

When it was revealed that the Bitcoin originated from the notorious dark web platform, Sheep Marketplace, public outrage erupted. Despite impending elections, Blazek resigned, and an investigation is now underway.

Although this scandal has dampened sentiment, the Czech Republic’s broader MOVE to align with the EU’s MiCA framework might restore investor confidence in the long run.

South Korea’s Crypto Industry Could Win Big, Regardless of Election Outcome

In South Korea, more than 18 million people actively participate in crypto markets. With the June 3 snap presidential election approaching, both frontrunners—Lee Jae-myung and Kim Moon-soo—have pledged support for crypto-friendly policies.

NO MATTER WHO WINS SOUTH KOREA’S ELECTION TOMORROW, #CRYPTO WINS!

BOTH PRESIDENTIAL CANDIDATES ARE PRO-DIGITAL ASSETS. pic.twitter.com/5jcvBj2JxR

Lee’s proposals include legalizing spot Bitcoin ETFs, introducing a won-backed stablecoin, and allowing the national pension fund to invest in crypto.

Kim has similarly championed ETF approval and regulatory easing. This rare bipartisan alignment reflects growing public demand and positions South Korea as a crypto hub in the making.

Regardless of who wins, legal clarity and institutional support could drive long-term adoption and fuel Bitcoin’s price growth.

Bitcoin Technical Outlook: A Breakout to $109K or Reversal?

On the charts, Bitcoin is navigating a descending wedge pattern on the 2-hour timeframe—a setup that often precedes a bullish reversal. Resistance looms at $105,352, aligning with the 38.2% Fibonacci retracement and the 50-period EMA.

Candlestick patterns NEAR $104,514 (23.6% Fibonacci) suggest market indecision, with the MACD histogram narrowing and signal lines converging—signs of waning bearish momentum.

If Bitcoin breaks decisively above $105,352 with solid volume, it could climb toward $106,719 (61.8% Fibonacci) and even target $109,000 in the coming sessions. However, failure to break through could send prices back toward $103,149 or even $101,275.

• Long Setup: Buy on a confirmed breakout above $105,352, target $106,719–$109K, stop below $104,514.
• Short Setup: Enter on rejection at $105,352, target $103,149–$101,275, stop above $105,500.

Patience is essential—wait for clear price action and volume confirmation before making your move.

Best Wallet ($BEST): Redefining Crypto Storage and Access

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With a user-friendly app available on Google Play and the App Store, it supports over 1,000 cryptocurrencies. It is the first wallet to use Fireblocks MPC-CMP technology for advanced security.

Key features include the Upcoming Tokens page, which allows users to purchase presale tokens directly within the app, eliminating the need to connect external wallets to unfamiliar sites. The $BEST token offers benefits such as reduced transaction fees, enhanced staking rewards, governance rights, and access to exclusive airdrops and quests.

With over $12.95 million raised and tokens priced at $0.025115, now is a great time to join.