Bitcoin Price Prediction – BTC Likely to Drop to $105,425 Before Rebound

Highlights:

• Bitcoin is currently trending towards $105,425 after losing support
• Correction is mainly purely price action driven, as fundamentals remain strong
• Rebound could see Bitcoin rally through the $110,297 resistance

Bitcoin (BTC) is in the red today, reflecting a correction across the market. At the time of going to press, Bitcoin was trading at $107,756.43, down by 1.55% in the day. However, even as the price of Bitcoin goes down, intraday trading volumes are rising. They are up by 3.31% in the day to stand at $53.2 billion. This could indicate that traders are offloading their Bitcoin at current prices. This could be driven by fears that Bitcoin has hit the top and could be up for a correction.

Bitcoin Price Fears Grow as 2021-Like Patterns Emerge

From its price action, Bitcoin, especially on the weekly and monthly charts, increasingly shows patterns similar to what happened in 2021. This, especially when the cryptocurrency market is showing weakness despite being a supposed bull market, could trigger such fears. The fears of a possible bear market are also evident in that the price is not moving much despite large purchases by institutions. If such worries prevail, Bitcoin could see prices lower than $100k in the short term.

Fears that the cycle is coming close to its end are also driven by the fact that in the past, Bitcoin started its bull run 500 days before the bull market, then ended 500 days after. Going by this cycle means that the Bitcoin bull run could end around September this year. Such could see investors start to sell in fear of being caught in the market, especially now that this cycle has shown some weaknesses, unlike the other cycles.

#Bitcoin Simple Strategy 🤝

1) Buy Bitcoins 500 days Before Halving
2) Hold & Do Nothing
3) Sell 500 Days After Halving
4) Repeat pic.twitter.com/elm8qAMATp

— Mags (@thescalpingpro) June 12, 2025

Unsustainable Nature of Sovereign Debt Making Bitcoin Attractive

Despite such short-term fears, some factors could push Bitcoin higher in the short term. One of them is that the dollar is increasingly losing value as the US debt becomes unsustainable. On June 10, the US Treasury announced that it was buying back its debt for $10 billion. This means money is being printed to pay existing debt. This means the dollar as a store of value is increasingly losing its value through endless printing.

Such could drive Bitcoin higher because it is scarce and can never be printed. Since it cannot be printed and has a finite supply, investors seeking value protection could see Bitcoin’s value increase exponentially over time.

🚨 US Treasury just bought back $10 BILLION of its own debt.

Basically… they’re printing money to pay money they already owe.

You can’t print Bitcoin, that’s why it’s built to outlast the system.🤝🏻 pic.twitter.com/QIarqmkHcC

— Money Guru Digital (@Moneygurudigi) June 12, 2025

Long-Only Buyers Likely to Negate Possible Bitcoin Bear Market

Bitcoin could also get a boost because the buyers it is attracting now may not be in the market for speculation. The institutions adding Bitcoin to their treasuries are doing so to hedge against inflation, not speculation. As such, they are likely buying Bitcoin with the view of holding it for decades. The result is that even if there is a correction, it might not be as steep as what happened in previous bear markets. Such stability could see retail money flow into Bitcoin with more confidence, helping push the price to new highs.

🇺🇲 US ETFs Buy 3570 Bitcoin

Highlights:

🥇 Fidelity Buys 1585 BTC
🥈 Blackrock Buys 1113 BTC
🥉Bitwise Buys 635 BTC pic.twitter.com/mbK5XjJek9

— Thomas Fahrer (@thomas_fahrer) June 10, 2025

Technical Analysis – Bitcoin Price Loses Support After Consolidation

Bitcoin has consolidated between the $110,297 resistance and $108,600 support. However, it has lost the $108,600 support in the last few hours. If the correction continues, Bitcoin could drop to the $105,425 support, which could see Bitcoin drop to prices below $100k.

Bitcoin could retest the $110,297 resistance if the price rebounds with high volumes. Of these two scenarios, the odds are higher that Bitcoin will test the $105,425 support in the short term.