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Bitcoin (BTC) reached the highest weekly level of $ 110,653 on Monday, but it has now decreased by 3.5 %, as it decreased to $ 10,600 on Thursday. The escalating tensions between Iran and Israel, with reports that Israel, which pledged military action against Iran, caused a feeling of dangers, with BTC deploying a reaction.

From an artistic point of view, the current BTC correction appears routine. BTC prices jumped around 10 % between June 6 and Tuesday, and a decline in 3.5 % can be considered normal. Bitcoin Axel Edler Junior has identified similar feelings, explaining that the current market faces a “soft reflection point”.

Using the dominance of the future position of the Bitcoin, the analyst explained that the price decline is likely to be due to the long situations that carry profits when resistance, which is supported by the aggressive short size. Adler Junior said,

“This is a classic reflection point after the upward trend: as long as the financing remains positive, but the open interest decreases, you must expect a short -term correction or unification of less than 108 thousand dollars.”

While monotheism near 108,000 dollars should not break the bullish momentum, fractures shows the possibility of a deeper decline.

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Is Bitcoin fall into the trap of the bull?

Bitcoin’s last gathering to $ 110,000 from $ 100,500 is a similar setting from January 2025, when BTC prices rose to $ 102,700 from $ 91,700. The current observation reveals a convincing Syrian pattern with possible effects. Fracture style is a frequent trend that can lead to similar prices due to the identical market conditions. As shown in the scheme, the pattern can be summarized in three similar signals:

• The BTC price broke the landing line pattern after absorbing 3-4 weeks of imagined liquidity, and formed an upward break on the daily chart.

• BTC failed to take the highest previous level, which was, in both cases, is the high level ever.

• The relative strength index decreased to less than 50 before recovery and hitting rejection at 60.

Bitcoin may have sharp rejection if this fracture decreases, and it may decrease to $ 100,000, as the large support lies, as shown in the liquidity area of ​​the graph. Checking this fractional analysis requires that the price continue to decrease on Monday at about $ 105,000.

This raises the anxiety of BTC’s potential bull, as encryption assets can indicate the beginning of multi -price clouds. The nullity may occur if Bitcoin recovers and benefits from $ 108,000, which denies the failed high and suggests a bullish continuation.

PEldated: Bitcoin Bulls stops 4 thousand dollars BTC drop in the US dollar price.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.