Bitcoin ($BTC) Defending $100K…Warning of Further Corrections in June

Bitcoin (BTC) price is hovering around the $105,000 level, with market liquidity forming in both buy and sell directions. Particularly, after failing to break through $106,000, the upward momentum has been halted, and currently, a downward adjustment is underway to secure a key support line. Market participants are noting that the $100,000 level could be a crucial support line in this downward cycle. Currently, Bitcoin is trading at approximately 6% below its all-time high of $111,900. With prices pulling back from the short-term peak, some experts have warned that Bitcoin may face a *larger correction* in June. Analysis suggests that if the $100,000 level is not defended, downward pressure could intensify. Bitcoin has maintained this price level for over three weeks since recrossing $100,000 on May 8th. However, recently, there has been a lack of meaningful retest at this point, and technically, it is a time when an influx of buying pressure is needed. Cryptocurrency analyst and MN Capital founder Michael van de Poppe predicted that while Bitcoin moves around $104,300, it was blocked by the $106,000 resistance line, making *price adjustment inevitable*. He analyzed that "a clear rejection signal has appeared, suggesting the possibility of moving towards lower price levels before resuming the upward trend." According to the chart he presented, the $100,000 point on Bitcoin's 4-hour candlestick is technically confirmed as an important support line. This area is expected to serve as a psychological and technical bottom for the market, with its potential breach potentially determining the medium-term direction.