According to GreeksLive, Bitcoin (BTC) fell 1.77% to $107,534.98 in the last 24 hours due to heightened Middle East tensions, as investors moved to safe havens like gold, causing the broader CoinDesk 20 Index to retreat 2.25%.Boris Alergant of Babylon stated that BTC trades as a risk-on asset but remains optimistic long-term due to growing institutional demand, similar to MicroStrategy's treasury strategy, while James Butterfill of CoinShares cited $900 million in digital asset fund inflows this week, indicating potential upside amid looser global money supply.Lower-than-expected U.S. inflation data has increased chances of Federal Reserve rate cuts, with traders expecting two cuts starting in September per the CME FedWatch tool, supporting the analyst view that BTC could reach $200,000 by year-end, though escalating geopolitical risks could reverse gains.

According to Michaël van de Poppe (@CryptoMichNL), BTC is currently positioned for a major upward breakout, with technical analysis suggesting that a slight pullback could precede a significant expansion if Bitcoin moves above the $107,000 resistance level. Van de Poppe emphasizes that geopolitical stability in the Middle East could further support bullish momentum. Traders are advised to monitor key resistance zones and global news for optimal entry points, as the current setup indicates a potentially high-volatility move for BTC. (Source: Michaël van de Poppe on Twitter, June 16, 2025)