Bitcoin (BTC) Price Crashes Below $105K: Will Buyers Take Charge?

As Israel launched a military strike on Iran in the late hours of June 12, the global risk assets saw a major drop in their values. According to the data by CoinMarketCap, Bitcoin BTC $104 850 24h volatility: 2.1% Market cap: $2.08 T Vol. 24h: $48.05 B price plummeted  2.5% to $104,937 at the time of writing.

The sell-off erased nearly $170 billion from the market cap of the world’s largest cryptocurrency, which now sits at $2.08 trillion. The move triggered mass liquidation as traders sought refuge amid rising uncertainty.

Interestingly, the Binance BTC Net Taker Volume hit -$197 million, the lowest since June 6. This metric reveals a flood of aggressive sell orders, confirming widespread fear. Funding rates also plunged into negative territory on Binance Futures, suggesting short sellers are now paying a premium to hold their positions.

Notably, past events of similar sell-side imbalances have often marked short-term bottoms. Earlier this month, BTC recovered 4% within 24 hours of a similar capitulation.

CryptoQuant CEO Ki Young Ju noted that despite the short-term dips, long-term holders accumulated over 881,000 BTC in the past month.

#Bitcoin long-term holders added 881,578 BTC over the past 30 days. pic.twitter.com/0503O8acpm

— Ki Young Ju (@ki_young_ju) June 13, 2025

This aligns with ETF inflow data. More than $970 million has entered US-listed Bitcoin ETFs in the last three days.

Analysts on X suggest that stablecoin reserves are high and social sentiment is at a 7-month peak. They hint that the market may be bracing for a bullish reversal.

BTC Price Outlook

On the 4-hour BTC price chart, the RSI is hovering near 37, signaling Bitcoin is approaching oversold territory, which may attract dip buyers. If Bitcoin manages to close above the $105,000 level, traders could see a short-term rally to $107,500.

Meanwhile, the price is testing the lower Bollinger Band around $104,387. A rebound above the mid-band resistance (20-day SMA) of $107,963 would confirm a bullish reversal.

The MACD is flashing bearish momentum, with the MACD line below the signal line. The declining histogram bars suggest further downside unless a crossover occurs. If BTC fails to hold support near $104,800, the next key level lies at $102,500.

BTC Bull Presale Gains Momentum as BTC Eyes Rally

As Bitcoin navigates the market uncertainty, BTC Bull ($BTCBULL), a distinctive meme coin, is capturing significant attention. This project is notable for its simple yet impactful approach: aligning its value with Bitcoin’s upward trajectory.

About BTCBULL: Use Case and Tokenomics

The BTC Bull ecosystem’s native token, BTCBULL, presents a unique milestone-based presale opportunity that is directly correlated with Bitcoin’s performance.

For every $25,000 increase in Bitcoin price within the range of $100,000 to $250,000, BTCBULL holders become eligible for new rewards. These incentives include deflationary token burns and Bitcoin airdrops, designed to foster community engagement and enthusiasm.

The ultimate milestone of a major BTCBULL airdrop is set for when Bitcoin reaches $250,000.

BTCBULL Presale Details:

• Current price: $0.00256
• Funds raised: $7.1 million
• Ticker: BTCBULL
• Payment options: ETH, USDT

The crypto presale has already secured an impressive $7.1 million, progressing towards its $8.15 million target. Investors can expect a value increase for BTCBULL in less than 17 days.

Investors believing in Bitcoin price surge can add BTC Bull to their list of projects with future potential.

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