According to Michaël van de Poppe (@CryptoMichNL), Bitcoin (BTC) failed to hold above the critical $106,500 level, triggering a sharp liquidity-driven crash down to $103,000. This breakdown indicates increased bearish momentum, and traders should closely monitor whether BTC can reclaim the lost support zone as a new base. If the previous support does not turn into resistance, further downward movement could accelerate, impacting short-term trading strategies. The chart action highlights the importance of support-resistance flips for risk management in volatile crypto markets. Source: Twitter (@CryptoMichNL, June 15, 2025).

According to CryptoMichNL, Bitcoin has reached a new all-time high and continues to climb. However, traders should be cautious as the number of leveraged long positions is relatively high, which could pose a risk. If Bitcoin's price falls below $102,000, it could trigger another liquidity crash. Conversely, if it remains above this level, the next target could be $110,000, suggesting potential good times ahead for traders.