<h2>Key takeaways:</h2>
<ul>
<li>Bitcoin price consolidates around $105,000 as liquidity builds up on either side of the spot price.</li>
<li>After failing to flip $106,000, BTC/USD is retracing to establish support, but $100,000 is a key level of interest for Bitcoin traders.</li>
</ul>
<p>Bitcoin’s (BTC) price trades 6% below its all-time highs of $111,900, and traders warn the asset may see a “larger correction” in June as $100,000 becomes a key level of interest.</p>
<h2>Bitcoin price key support remains $100K</h2>
<p>In a repeat of the move that followed its rise above $100,000 on May 8, Bitcoin has successfully held above this level for more than three weeks.</p>
<p>This is the critical point on traders’ radars and one that has not received a convincing retest recently.</p>
<p>MN Capital founder Michael van de Poppe spotted Bitcoin hovering at $104,300 saying that after being rejected from the $106,000 level, BTC may drop lower before regaining upward momentum.</p>
<p>An accompanying chart showed $100,000 was the key level to watch on BTC’s four-hour timeframe. </p>
<blockquote data-ct-non-breakable="undefined">“Clear rejection on #Bitcoin implying that we’re going to see lower prices before we see upwards momentum.”</blockquote>
<figure><img src="https://ipowercrypto.com/wp-content/uploads/2025/06/0197355e-435a-7a36-a1d4-e0c1b255ee93.png" alt="BTC/USD four-hour chart. Michael van de Poppe" /></figure>
<p>Pseudonymous analyst CrypNuevo shared a chart showing that Bitcoin failed to flip the resistance at $106,000 into support. </p>
<blockquote data-ct-non-breakable="undefined">“So we could likely head to $100K psychological level + 150EMA.”</blockquote>
<p>Meanwhile, popular analyst AlphaBTC projected a deeper correction that could see BTC price drop as low as $90,000, if the support at $100,000 is lost.</p>
<blockquote data-ct-non-breakable="undefined">“$BTC is likely to go sideways for some time as this larger correction plays out in the first weeks of June, waiting for more hard data and the FOMC on June 18.”</blockquote>
<figure><img src="https://ipowercrypto.com/wp-content/uploads/2025/06/0197355e-47bc-7d4b-9fa8-19404a21fda3.png" alt="BTC/USD four-hour chart. Source: AlphaBTC" /></figure>
<p>As reported by Cointelegraph, BTC price action could preserve $100,000 as support based on Glassnode’s market value realized value (MVRV) bands.</p>
<h2>Liquidations waiting at $100K and below</h2>
<p>Several traders eyed a potential downside liquidity grab with bid orders thickening below the spot price, and others clustering below $100,000.</p>
<p>“$100K is a strong psychological level and liquidity tends to stack in these levels,” said CrypNuevo in a separate post on X. </p>
<p>The latest data from monitoring resource CoinGlass showed price eating away at bids around $105,000, with the bulk of interest clustered between the spot price and $100,000.</p>
<figure><img alt="Bitcoin liquidation heatmap (screenshot). Source: CoinGlass" src="https://ipowercrypto.com/wp-content/uploads/2025/06/0197355f-954d-7185-a533-55bef433c0f0.jpg" /></figure>
<p>High bid orders were also building up below $100,000, with $170 million worth of liquidity sitting around $93,200.</p>
<p>On the upside, the $112,500-$113,500 cluster was the main liquidity area. </p>
<p>“There is significant liquidity in both directions, with a more concentrated build up below the lows of the last few days,” AlphaBTC said on X.</p>
<blockquote data-ct-non-breakable="undefined">“I wouldn’t be surprised if $BTC ran the lows and then rallied back up to take what’s left above.”</blockquote>
<h2>Quick Summary of the News</h2>
<ul>
<li>Bitcoin is consolidating around $105,000, facing resistance at $106,000.</li>
<li>Analysts are eyeing the $100,000 level as a key support.</li>
<li>Some predict a potential correction to as low as $90,000 if $100,000 fails to hold.</li>
<li>Liquidity is building up on both sides of the current price, with significant interest below $100,000.</li>
</ul>
<h2>Why It Matters</h2>
<p>The $100,000 level is a significant psychological barrier for Bitcoin. A break below this level could trigger a larger sell-off, impacting the overall market sentiment. Conversely, a strong hold above $100,000 could signal renewed bullish momentum.</p>
<h2>Market Impact</h2>
<p>The following table illustrates potential price targets based on analyst predictions:</p>
<table>
<thead>
<tr>
<th>Scenario</th>
<th>Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Key Support</td>
<td>$100,000</td>
</tr>
<tr>
<td>Deeper Correction (If $100K fails)</td>
<td>$90,000</td>
</tr>
<tr>
<td>Upside Liquidity</td>
<td>$112,500 – $113,500</td>
</tr>
</tbody>
</table>
<h2>Expert Take or Personal Insight</h2>
<p>While a correction is possible, the overall bullish narrative for Bitcoin remains strong. I believe the $100,000 level will likely be defended, at least in the short term. However, increased volatility should be expected, and traders should be prepared for potential whipsaws.</p>
<h2>Actionable Insight</h2>
<p>Traders should closely monitor the $100,000 level. A confirmed break below this level with strong volume could be a signal to reduce long positions. Conversely, a bounce off $100,000 could present a buying opportunity. Be aware of potential liquidity grabs both above and below the current price.</p>
<h2>Conclusion</h2>
<p>Bitcoin’s price action in the coming weeks will be crucial. The $100,000 level will serve as a key battleground between bulls and bears. Regardless of the short-term fluctuations, the long-term outlook for Bitcoin remains positive, driven by increasing institutional adoption and limited supply.</p>