Bitcoin’s Price Drop to $105k Divides Crypto Traders: What’s Next?

Bitcoin’s price has dropped to $105k amid geopolitical tensions and market fluctuations. The altcoin market has mirrored this decline, with over $1.1 billion lost in leveraged positions. While some traders remain optimistic, others await clearer signals. Influential figures suggest an upcoming accumulation phase could precede a rally. Bitcoin’s technical indicators hint at a potential reversal as traders analyse market movements.

In a significant shift, the price of Bitcoin (BTC) has dropped over 3 percent, settling around $105k during mid-North American trading on June 13, 2025. This price dip comes amid ongoing geopolitical conflicts in the Middle East and a fluctuating global money supply. The broader altcoin market showed a similar pattern of decline, triggering losses exceeding $1.1 billion in leveraged crypto positions over the last 24 hours. As a result, crypto traders are split, with some expressing optimism and others hesitant, awaiting clearer signals for reinvestment.

Bitcoin’s recent price movements have coincided with positive regulatory developments in the U.S., fostering a stablecoins summer in the crypto market. The increasing global money supply has attracted institutional investors towards stablecoins, enhancing overall liquidity in cryptocurrencies. Matt Hougan, the Chief Investment Officer at Bitwise, has forecast that this might signal a phase of accumulation before potential bullish movement later in the year. He remarked, “I think this is the ‘Summer of Accumulation’, a moment for long-term investors to build positions ahead of an epic EOY run.”

Looking at the technical indicators, Bitcoin’s price reached a resistance level near $112k before retracting. It has now settled at what many consider a crucial buying zone around $105k. Analysing the four-hour chart reveals that Bitcoin’s Relative Strength Index (RSI) indicates potential reversal opportunities, as it has hovered at oversold levels. Additionally, concerning the Moving Average Convergence Divergence (MACD), indications of decreasing selling pressure may suggest that a bounce-back could be on the horizon.

As all eyes remain on Bitcoin and the cryptocurrency market, traders will be keen to observe how these dynamics play out, particularly in light of the external pressures and the growth of institutional interest in cryptocurrencies. This latest downturn might just be a temporary setback, potentially leading into a larger bullish trend as the markets look to regroup and stabilise.