empty
16.06.2025 04:51 PM
Bitcoin bulls and bears engaged in tug-of-war. BTC barely reacts to US inflation

This image is no longer relevant

Currently, the flagship cryptocurrency is aiming for new highs, but it is still facing obstacles along the way. The latest challenge comes from the ongoing battle between bulls and bears, both fighting for dominance in Bitcoin's trajectory.

At the start of Monday, on June 16, Bitcoin opened in the red, followed by a recovery, hovering around $105,828. Later, it gained momentum, trading at $107,050. The daily low was recorded at $104,519, while the high reached $106,157. Since then, this level has been surpassed, and the market is attempting to regain lost ground.

Bitcoin and US inflation

According to analysts, Bitcoin showed little reaction to the recent slowdown in US inflation. This muted response was largely driven by weaker-than-expected macroeconomic data from the US Bureau of Labor Statistics (BLS).

In May, the US Consumer Price Index (CPI) inched up by 0.1% from 0.2% in April. Year-over-year, the CPI increased to 2.4%, slightly below analysts' forecast of 2.5%. The primary contributor to inflation growth was the housing sector: home prices rose 0.3% for the month and 3.9% over the year.

A similar increase was observed in food prices, while energy and gasoline costs declined by 1% and 2.6%, respectively. This triggered moderate volatility in the market, but for Bitcoin, little changed.

In the current environment, market participants remain confident that the Federal Reserve will keep its key interest rate range at 4.25%–4.5%. This decision is expected at the meeting scheduled for Wednesday, June 18, with the probability of this scenario estimated at 99.8%. Traditionally, greater liquidity availability supports the growth of risk assets like Bitcoin and other digital currencies. However, the situation is different this time, so surprises cannot be ruled out.

This image is no longer relevant

The cryptocurrency market showed minimal reaction to the BLS data. At one point, Bitcoin climbed to $110,000, while Ethereum surpassed $2,800. However, the rally quickly lost steam and failed to continue. Nonetheless, most top-10 digital assets remained in positive territory.

The stock market responded with even more modest gains. Late last week, the Nasdaq Composite rose by only 0.27%, the S&P 500 by 0.28%, and the Dow Jones by 0.18%.

Waning bullish momentum: Bitcoin may test the critical support level of $105,000

Over the past few days, Bitcoin, which had been steadily advancing, showed signs of hesitation and weakening. Experts attribute this slowdown to the crypto market grappling with the consequences of unrest in the Middle East. Nevertheless, the flagship cryptocurrency remains resilient and continues to justify its leading status.

According to specialists, the recent price instability signals that Bitcoin's bullish momentum is not particularly strong. Analysts also observe that bullish sentiment among investors has weakened, allowing bears to temporarily seize control. Still, Bitcoin has managed to stay above the $105,000 mark, which offers a degree of optimism.

This image is no longer relevant

Positive drivers for Bitcoin include strong open interest among investors. However, bullish sentiment remains fragile, creating uncertainty in the market.

What's next for Bitcoin?

Preliminary forecasts suggest that the current indecision in the crypto market will likely persist until new key drivers emerge. These could include important news or significant changes in sentiment indicators. Analysts believe that for the uptrend to resume, the sentiment index needs to rise above 60%–65%. However, this scenario requires both an increase in Bitcoin buyers and higher open interest.

Without these factors, Bitcoin risks testing lower support levels in the $102,000–$103,000 range. Against this backdrop, caution is advised to avoid slipping into a bearish trend. At present, Bitcoin has resumed its climb up the price ladder, although no major price shifts have occurred yet.

Larisa Kolesnikova,
Experto analítico de InstaForex
© 2007-2025
Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

S&P, Nasdaq y Dow suben al unísono: los mercados reaccionan a las sorpresas en el empleo y la política comercial

S&P 500 subió un 0,83%; Nasdaq subió un 1,02%; Dow subió un 0,77%. El crecimiento del empleo en EE. UU. superó las expectativas en junio. Tripadvisor sube tras el informe

11:15 2025-07-04 UTC+2

NonFarm Payrolls, la Fed o el big beautiful bill: ¿qué quebrará al dólar estadounidense?

Wall Street incansablemente marca récord tras récord . El miércoles, el índice S&P 500, impulsado por los gigantes tecnológicos, volvió a alcanzar un máximo histórico. La razón no fue solo

Svetlana Radchenko 07:32 2025-07-03 UTC+2

Paz con China, caos en la Fed: ¿qué es más importante para el dólar?

EE. UU. y China anunciaron nuevos acuerdos comerciales, una noticia que hace no mucho podría haber sido un salvavidas para el dólar. Pero no esta vez. La mañana del viernes

Аlena Ivannitskaya 08:02 2025-06-27 UTC+2

El Bitcoin brilla y se mantiene por encima de los $107 000, y el Nasdaq 100 tampoco se queda atrás: el mercado se anima

Al final de la semana actual, los mercados muestran animación y un repunte: el índice Nasdaq 100 ha demostrado crecimiento, y el mercado de criptomonedas, en particular el Bitcoin, también

Larisa Kolesnikova 13:01 2025-06-26 UTC+2

Juegos peligrosos del dólar: entre un posible colapso y nuevas esperanzas

La moneda estadounidense vuelve a estar agitada, y esta volatilidad continúa intensificándose. En este contexto, algunos analistas predicen el colapso del USD, mientras que otros, por el contrario, confían

Larisa Kolesnikova 13:57 2025-06-24 UTC+2

Trump bombardea Irán: los mercados en pánico, el dólar se dispara

En la noche del domingo, EE. UU. lanzó un ataque aéreo masivo contra instalaciones nucleares iraníes, iniciando una nueva fase de escalada en Oriente Medio. Ya el lunes, los mercados

Аlena Ivannitskaya 07:54 2025-06-23 UTC+2

Trump pensará si vale la pena bombardear Irán: los mercados respiran, el dólar cae

La tensión geopolítica que mantuvo a los mercados en vilo toda la semana finalmente se debilitó, al menos por un tiempo. Donald Trump declaró que se tomará dos semanas para

Аlena Ivannitskaya 08:06 2025-06-20 UTC+2

Tres golpes al mercado: Trump abandona la cumbre del G7, EE.UU. logra acuerdo solo con Reino Unido, el Banco de Japón mantiene las tasas

El martes por la mañana la atención del mercado de divisas se centra en tres acontecimientos, cada uno de los cuales puede alterar el equilibrio de fuerzas. El presidente

Аlena Ivannitskaya 08:31 2025-06-17 UTC+2

Contrastes del día: Nikkei al alza, el euro a la baja, el mundo contiene la respiración ante las negociaciones entre EE.UU. y China

J.M. Smucker cae tras un pronóstico pesimista, El Banco Mundial reduce el pronóstico de crecimiento global para 2025 El Nikkei sube, los futuros de Wall Street y el euro caen

07:54 2025-06-11 UTC+2

Trump vuelve a influir en Wall Street: la reacción de los índices no se hizo esperar

Los comentarios de Trump sobre China provocan una negociación inestable en el mercado Ulta Beauty sube tras elevar su previsión de beneficios anuales El Dow subió un 0,1%, el S&P

09:00 2025-06-02 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.