Bitcoin News

Story: Bitcoin Struggles at $105K as June Begins

By Dan Saada

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As the second quarter of 2025 enters its final month, Bitcoin is navigating a critical stretch of uncertainty.

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Profit-Taking Yet to Intensify, But Caution Looms

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One of the key metrics under investor scrutiny is the MVRV (Market Value to Realized Value) Deviation Pricing Bands.

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Nevertheless, market sentiment remains fragile. The MVRV bands are being monitored closely, as surpassing the upper band could trigger a wave of profit-taking, altering the…

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Short-Term and Long-Term Holders Create a Mixed Picture

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On-chain metrics add another layer of insight. The cost basis for Short-Term Holders (STH) currently sits at $96,113, significantly below the market price of $105,238.

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However, the profitability of STHs also raises the risk of increased selling pressure. If investors begin to lock in profits, it could result in downward price movement.

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Resistance and Support Levels Will Guide BTC’s Near-Term Direction

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From a technical standpoint, Bitcoin is attempting to maintain stability above the $105,000 mark.

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Conversely, a failure to hold above $105,000 might indicate weakening support. A dip below this could drag the price toward $102,734.

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Market Experts Warn of Caution Amid Weakening Indicators

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Ryan Lee, Chief Analyst at Bitget Research, suggests that BTC’s recent behavior reflects a natural cooldown phase after a strong uptrend.

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Lee predicts that in the short term, Bitcoin could consolidate within a range between $103,000 and $108,000. He identifies $100,000 as a key psychological support level.

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June Will Be Decisive for Bitcoin's Trend Continuation

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As June unfolds, Bitcoin’s price action will likely reflect the delicate balance between bullish enthusiasm and cautious profit-taking.

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