Bitcoin’s Next Wild Ride: Meltdown or Moonshot?

Crypto Corner #357 | June 14-20, 2025

Bitcoin Price (in USD): $105,888.88
Weekly Change: +0.73%

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Bitcoin Price Action

Bitcoin continued to see buyers (including me) step in to buy when it pulled back to the key moving average support levels over the past week. Bitcoin set a lower weekly-high at $109,000.00 on Monday before rolling over and setting a higher weekly-low at $103,363.00 on Tuesday.

With the big orange crypto trading tightly in a range, Bulls and Bears want to know the answer to one question: is Bitcoin melting down or is it melting up?

The Bullish Case

Bulls point to the buying at support a potential indication that buyer appetite hasn’t waned and that the sellers might be running out of steam. Bulls believe it’s only a matter of time before the Bears have completely exhausted themselves and Bitcoin will catapult itself to new all-time highs. Some Bulls believe Bitcoin might see $120K before the end of June, however the more level-headed ones think June might see a continuation of the current price consolidation.

The Bearish Case

Bears continue to argue that Bitcoin is losing momentum. Like I mentioned last week, Bitcoin has a historical tendency to lose support if it tests a key level three times. However, that key low right now is the $100K mark and Bitcoin was able to find support quite a bit above it when it pulled back this week. That being said, the Bears are still pounding the table that the geopolitical concerns mean Bitcoin - which they consider to be a “risk asset” and not a “safe haven” - will eventually crash once again.

Key Selloff Targets

These key selloffs are derived from past pullbacks from all-time highs as well as various Crypto Winters:

• -26.31% = $82,532.80

• -30.27% = $78,097.60

• -31.24% = $77,011.20

• -31.95% = $76,216.00

• -33.49% = $74,491.20

• -37.63% = $69,854.40

• -39.53% = $67,726.40

• -40.24% = $66,931.20

• -53.06% = $52,572.80

• -62.91% = $41,540.80

• -77.46% = $25,244.80

• -84.36% = $17,516.80

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Bitcoin Trade Update

Current Allocation: 7.833% (+9.29% since Last Update)
Current Per-Coin Price: $109,589.81 (-0.37% since Last Update)
Current Profit/Loss Status: -3.38% (+1.05% since Last Update)

With Bitcoin continuing to selloff and re-test support levels, I have been using the opportunity to add to the position whenever it does. I made a total of four (4) buys throughout the key at an average price of $105,392.96 (after trading fees). The buys lowered my per-coin cost -0.37% from $109,997.27 to $109,589.81 and increased my allocation +9.29% from 7.167% to 7.833%.

From here, I intend to continue buying at support. Either Bitcoin’s going to break down to lower support (where I will add even more), or this consolidation is going to end with a bullish breakout where I will start eyeing points of resistance where I’ll trim.

Unpredictability has always been the name of the game with Bitcoin and crypto. If you can’t take the volatility, get off the brokerage! 😀👍

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My Next 30 Bitcoin Buy Targets

Premium subscribers to Get Irked get access to my next thirty (30) … yes, 30 … buys in Bitcoin including price levels and quantities. Additionally, premium members get exclusive access to Microsoft Excel and Google Sheets version of my Bitcoin Trading Calculator.

I also include a tutorial video on how I execute my Trade2HODL strategy that I developed to accommodate crypto’s incredibly volatility after the 2018 crash which has never had a losing trade in more than 150+ trades since I started using it.