Bitcoin at Risk: Key Support Level Breakdown Possible

Bitcoin, as of early June 2025, is trading near a key support zone between $105,000 and $103,000, risking a major market downturn.

An extended breach of this support could lead to high volatility, affecting broader crypto markets as traders and analysts closely monitor movements.

Bitcoin Trading Range: $104,060 to $105,800

Bitcoin has seen a drop from $111,814 to the $104,060–$105,800 range in June 2025. Recent analyses highlight a key support zone at $105,000–$103,000.

This support zone is critical as a move below could lead to testing of deeper supports at $97,663 and $93,200. Market activity highlighted by major BTC liquidations is raising concerns.

Long BTC Positions Liquidated: Over $211 Million

The broader crypto market experienced a decline, with Bitcoin and Ethereum both suffering losses. Trading sentiment has turned more cautious, as indicated by the Fear and Greed Index. Changelly Team on Twitter

The liquidation of over $211 million in long BTC positions signifies substantial trading activity and anticipates a continued volatile market if key support is breached.

Historical June Pullbacks Signal Potential Testing

Historically, Bitcoin’s performance in June has been variable, often featuring mid-year pullbacks. Similar breakdowns previously tested Fibonacci retracement levels before upward trends resumed.

“Numerous professional traders on Twitter are closely monitoring the $103,000–$105,000 support.” – Arthur Hayes, CEO, BitMEX

Experts watch for a potential sustained break, which may lead to deeper market corrections. Based on historical data, such events could trigger noticeable market changes across related cryptocurrencies.