According to the source, Bitcoin (BTC) briefly fell below 110,000 dollars, marking a loss of the 110,000 round-number threshold that traders closely watch for momentum shifts. Source: https://twitter.com/WatcherGuru/status/1971268377315508583 Breaks of prominent round numbers often coincide with clustered orders and momentum flows that can amplify near-term volatility, prompting traders to tighten risk around such levels. Source: Larry Harris, Trading and Exchanges (2003); Carol L. Osler, Stop-Loss Orders and Price Dynamics, Journal of International Money and Finance (2003)

According to Michaël van de Poppe (@CryptoMichNL), Bitcoin (BTC) failed to break through the key resistance level at $110,000 and is now expected to see a corrective move. Ongoing geopolitical tensions between the US and Iran are fueling a rally in Gold, which could influence risk sentiment across crypto markets. However, as long as Bitcoin remains above the support level at $106,000, there is no immediate technical threat to the bullish structure. Traders should monitor these levels closely for short-term trading opportunities and be mindful of potential volatility linked to global events. (Source: Twitter/@CryptoMichNL, June 12, 2025)