Support holds Bitcoin despite geopolitical risk. Are higher-highs or lower-lows ahead?

Crypto Corner #356 | June 7-13, 2025

Bitcoin Price (in USD): $105,125.84
Weekly Change: +1.03%

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Bitcoin Price Action

Bitcoin appeared to be making a strong recovery to kick off the week, rallying from last near weekly-lows last Friday, breaking through last week’s high of $106,901.68, and almost testing resistance at $110,829.42 before retreating. Bitcoin set a higher-weekly high at $110,651.12, just barely missing that key resistance level set a few weeks ago.

On Wednesday and Thursday, Bitcoin started to pull back quite a bit on the back of Trump’s announcement of enforcing unilateral tariffs on countries who aren’t having “good-faith” trade negotiations with the U.S.

Bitcoin pulled back further when Israel attacked Iran on Thursday evening, setting its weekly-low at $102,746.01, still a higher low than last week’s.

The Bullish Case

Bulls point to Bitcoin’s continued strength above $100,000 as a reason the momentum favors a Bull Market. Strong buying remains even at these levels near all-time highs, and that kind of buying is certainly positive for the bullish thesis.

The Bearish Case

Bears point to the double-top around $110K as a warning sign for Bitcoin waning. Bears look to the past where Bitcoin often makes a key low and tests it three times before crashing through it. Looking at the charts, that key low could be the $100K mark. If Bitcoin sells off and retests it again, it’s possible Bitcoin could be headed lower with the $91,685.18 support level potentially in play.

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: 7.167% (+10.26% since Last Update)
Current Per-Coin Price: $109,997.27 (-0.48% since Last Update)
Current Profit/Loss Status: -4.43% (+1.43% since Last Update)

During the week’s volatility, I took the opportunity to add more to my trade. I am trying to step up my quantities quicker which also means re-buying at levels where I had added before in order to continue increasing my allocation. I made a total of five (5) buys over the course of the week which left me with a $105,056.36 average buying price (after trading fees).

Those buys lowered my per-coin cost -0.48% from $110,530.43 to $109,997.27 and increased my allocation +10.26% from 6.500% to 7.167%.

As always, risk management remains my top priority, so even though I am increasing my quantities and frequency of buying, my trading plan still accounts for the possibility of Bitcoin selling off -90% or more from its current all-time high.

It’s getting fun again, friends! 😀👍

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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.