Bitcoin (BTC) starts a new week in full recovery mode as bulls erase Israel-Iran losses. What’s next for BTC price action?
A solid weekly close and a trip past $107,000 put BTC/USD in a strong position as Wall Street returns.
A tense Fed interest rate decision is due, amid fears that an oil price surge could add to inflation.
In a rare show of solidarity, both Bitcoin whales and retail investors are staying in “hodl” mode at current prices.
Perp markets continue to display a discount to spot, leading to expectations of a short squeeze resulting.
BTC price targets are conspicuously bullish, with $200,000 or more still on the table and no technical signs of a long-term top.
Liquidity in focus as weekly close preserves $105,000
After a relatively flat weekly close, Bitcoin is busy clawing back lost ground as it passes $107,000 to start the week.
With that, much of the downside that came as a snap reaction to the Israel-Iran conflict has been canceled out, data from Cointelegraph Markets Pro and TradingView confirms.
“Closed the weekly over $104,500, which is a very good sign. Just need to hold over now,” an optimistic response from popular trader Crypto Tony on X stated.
BTC/USD 1-week chart. Source: Cointelegraph/TradingView
Blocks of ask liquidity above spot price at the weekly open received a visit into the first Wall Street trading session, with analyst Mark Cullen seeing the likelihood for liquidity below price to also get taken.
📈 #Bitcoin liquidity sandwich 🥪$BTC holding on around the 105k level, with liquidity tightly surrounding price to the upside and down. Likely we see both sides run today IMO.#Crypto #BTC https://t.co/BQUPz9oZik pic.twitter.com/SobZ2tWZAr
— AlphaBTC (@mark_cullen) June 16, 2025
Monitoring resource CoinGlass also flagged order book liquidity as a key potential short-term price magnet, with $104,000 of particular interest.
Binance BTC/USDT liquidation heatmap. Source: CoinGlass/X
“$BTC is moving in a small range this month, just 10% between high and low,” analyst and YouTube host Rananjay Singh continued.
“But in the last 4 years, every month moved more than this. This…..
