Is the price of Bitcoin about to crash again?

Bitcoin price has been trading sideways within a narrow range of $500 since reaching its historical peak of $112,000 on May 22. The lack of bullish momentum over the past three weeks is raising doubts about the strength of the current rally.

Bitcoin will drop to 100,000 dollars by the end of June?

Bitcoin is at risk of declining volatility after failing to maintain the important resistance level of $106,000 — a zone that market analyst Michaël van de Poppe deems essential to sustain the bullish momentum.

Your chart shows that BTC's latest recovery effort was almost immediately rejected after testing the resistance area of $106,000, leading to a series of Long positions being liquidated and pushing the price back to the $104,000–$105,000 range.

BTC 4-hour price chart | Source: TradingViewThis failed breakout mirrors the price structure from earlier this month, when a similar rejection led to a sharp decline towards the 100,000 dollar region.

If BTC continues to lose the $105,000 mark, it could return to the liquidity zone of $100,000 in June — something that Van de Poppe sees as a buying opportunity, especially if the market is aiming to sweep out Long orders using leverage once again.

Source: Ted Pillows## Bitcoin's classic divergence suggests a price of 85,000 dollars

Further reinforcing the bearish trend in the short term, the weekly chart of Bitcoin is signaling a classic bearish divergence between price and momentum.

As shown, while BTC has continuously reached higher highs over the past few months, the relative strength index (RSI) has been forming lower highs, indicating that the bullish momentum is weakening.

BTC weekly price chart | Source: TradingViewThis type of divergence often appears before trend reversals or deep corrections, similar to what happened before market peaks in 2021 and mid-2019.

If history repeats itself, BTC may correct to the (EMA) 50-week moving average (red line), currently around 85,000 dollars.

This level has also played an important role as support in previous bullish cycles, making it a reasonable target for any mid-cycle corrections.

Source: Merlijn The TraderIn addition to RSI divergence and failed breakout attempts, the Net Unrealized Profit/Loss index of Bitcoin (NUPL) also contributes to reinforcing the short-term bearish outlook.

As of June 14, this index is approaching the range of 0.5–0.6 – a level often associated with local peaks.

Performance chart of price against Bitcoin NUPL | Source: GlassnodeThis indicates that many investors are in profit, increasing the likelihood of selling pressure. Similar patterns in 2017 and 2021 have led to sharp corrections, thereby increasing the risk of a similar pullback occurring in 2025.

On the contrary, at least 30 indicators are predicting that the peak of the Bitcoin bullish market will be at 230,000 dollars. Some trading experts even expect the price of BTC to exceed 150,000 dollars before the end of this year.

Minh Anh