Bitcoin Breaks $106,000! Here’s the Details of This Week’s Roller Coaster in the Crypto World ⏰

Updated

June 9, 2025

Gambar Bitcoin Breaks $106,000! Here’s the Details of This Week’s Roller Coaster in the Crypto World ⏰

Jakarta, Pintu News – On Sunday, June 8, 2025, the price of Bitcoin broke the $106,000 level, which is around Rp 1.72 billion (exchange rate 1 USD = Rp 16,258). Even so, the weekly movement has been relatively stagnant, with an increase of only about 1% in the last seven days. Meanwhile, some altcoins such as Ravencoin and Internet Computer recorded double-digit jumps, reflecting the highly volatile behavior of the market.

📈 Bitcoin Price Stable in High Zone

Bitcoin’s price movements throughout the week showed limited volatility. Despite briefly touching over $106,000, the big gains did not continue, and BTC only recorded minimal weekly gains. This indicates that the $106,000 level is now a strong resistance zone.

Technically, this area is often tested and leads to profit-taking by short-term traders. Data from CoinStats indicates a daily trading range of around 1% – quite narrow for an asset with a market capitalization of over $2 trillion. Consolidation at this resistance suggests market participants are still waiting for a strong catalyst to push prices higher.

Also Read: Ripple (XRP) Shakes Dollar’s Dominance in Global Markets, Will XRP Price Rise in the Near Future?

🔀 Altcoins move fast while BTC is calm

While Bitcoin’s price is relatively frozen, altcoins show a different dynamic. Some digital assets are able to post double-digit growth despite BTC’s stagnation. This phenomenon represents a capital rotation cycle in the cryptocurrency ecosystem, where funds move from BTC to altcoins that have faster growth potential.

Such conditions are common after BTC’s consolidation period, when investors are looking for assets with high volatility. But beyond the opportunity, the risk of a sharp correction also lurks, especially if global markets are braked suddenly.

⚖️ Technical Outlook: Is the Top Near?

From a technical perspective, the $106,000-$106,100 resistance level is a key area that has been tested frequently and triggered a short-term rebound. In one case, BTC tested the upper limit before being held and falling back near the $105,400-$105,600 level as strong support.

If this support can be maintained, the potential for a surge towards $107,000 will be wide open. Conversely, if it fails to maintain the $105,400 level, the possibility of a correction towards $103,000 or even $100,000 needs to be watched out for.

🏦 Institutional Sentiment and Whale Movement

Breaking $106,000 amidst lackluster retail attention is evidence that institutional demand and whale activity remains strong. The data showed large capital flows from ETF funds and large movements from whales buying during the downturn.

This was reinforced by reports of a surge in large transfers from institutional users, suggesting a long-term direction of accumulation. This pattern of movement reflects the belief that Bitcoin is not only seen as a speculative vehicle, but also as a strategic asset in global portfolios.

🌍 Implications and Risks for Crypto Investors

Significant profit opportunities are at resistance and support levels that continue to be tested. However, investors should carefully monitor the following conditions:

High volatility – particularly in altcoins, which tend to react in extremes to macroeconomic news.
Transaction costs and spreads – especially if doing intramarket arbitrage.
Global news – such as US monetary policy, geopolitical tensions, or new regulations that could trigger a dramatic drop.

Investors need to set clear exit and stop-loss strategies, and not get caught up in FOMO when prices spike.

Conclusion

Bitcoin’s run through $106,000 this week demonstrated stability and institutional support, while altcoins recorded impressive moves amid market turmoil. Despite the potential, investors need to understand key technical zones, macro factors, and market fluctuations before making a move. A vigilant attitude and risk management strategies remain crucial in the dynamic cryptocurrency ecosystem.

Also Read: Big Companies Investing in Bitcoin, a Sign of Long-Term Adoption?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

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