Bitcoin price will see ‘short-term correction’ before $140K: Analysts

5 days ago

Key takeaways:

Bitcoin terms whitethorn dip toward the $100,000-$104,000 scope earlier caller highs.
CPI information connected June 11 could trigger volatility, with higher ostentation hurting Bitcoin.
BTC is forming bullish cup-and-handle and bull emblem patterns targeting $140,000.

After past week’s volatility fueled by the Trump-Musk nationalist breakup, Bitcoin (BTC) terms has established a scope betwixt $103,800 and $106,900 implicit the past 3 days.

With BTC failing to show a wide directional bias successful the regular clip frame, analysts judge the terms whitethorn dip little earlier reaching caller all-time highs.

Will CPI information substance Bitcoin’s adjacent correction?

The US Consumer Price Index (CPI) is owed for speechmaking connected June 11, with markets fearing that Trump’s tariffs add pressure connected marketplace prices.

Market analysts task the US CPI to emergence 0.3% month-over-month and 2.3% year-over-year. Core CPI, excluding nutrient and energy, is forecasted to summation 0.3% month-over-month and 2.9% year-over-year.

A people showing expanding ostentation could trim Fed complaint chopped possibilities, perchance adding headwinds to BTC price.

“Inflation information successful the week up could unleash volatility,” said backstage wealthiness manager Swissblock successful a June 9 station connected X.

Swissblock analysts explained that though Bitcoin bulls are “slowly rebuilding operation and regrouping,” a “short-term trial of the little scope astir $104,000 looks likely.”

Similar sentiments were shared by fashionable expert Mickybull Crypto, who pointed out that the quality of a head-and-shoulders signifier connected the regular illustration anticipates a BTC terms driblet to $101,500. The expert said:

“Short-term correction, past caller all-time highs.”

As Cointelegraph reported, $100,000 remains a cardinal level to ticker due to the fact that if it fails to hold, BTC terms whitethorn spot a deeper correction arsenic it moves toward clusters of liquidity sitting beneath it.

Bitcoin bulls inactive successful control

Other Bitcoin analysts judge that immoderate pullback successful terms would beryllium temporary, arsenic the asset’s upside remains intact successful higher clip frames.

Bitcoin has not relented since “breaking backmost supra its bull marketplace enactment band,” fashionable trader Daan Crypto Trades said successful a June 8 station connected X, adding:

“Overall, the precocious clip framework inclination inactive remains precise clean.”

It is important for Bitcoin’s terms to clasp onto the bull marketplace enactment set presently astatine $95,000, the trader said, adding, “The uptrend has lasted for 900+ days now, which is usually erstwhile you privation to beryllium connected the much cautious broadside of things.”

For method expert SuperBro, the information that Bitcoin has held supra the erstwhile highest play adjacent from 2021 for 4 consecutive weeks and has not dropped beneath the 5-weekly EMA since aboriginal May suggests that bulls are afloat successful control.

“Once it breaks the trendline from 2021, the adjacent limb up should rapidly scope $140-150K”

$BTC weekly

bulls successful power with 4 consecutive closes supra the erstwhile highest adjacent and not a azygous adjacent beneath the 5 EMA since $84K

once it breaks the trendline from 2021 the adjacent limb up should rapidly scope $140-150K pic.twitter.com/jbQIxgmZjc

— Super฿ro (@SuperBitcoinBro) June 9, 2025

Bitcoin’s indicators hint rally to $140K next

From a method perspective, the BTC/USD brace has been forming a cup-and-handle and a bull emblem signifier connected the play chart, each indicating monolithic gains.

In the cup-and-handle scenario, Bitcoin’s terms enactment suggests a imaginable breakout supra the $109,000 neckline, with a method people adjacent $143,000, implying a 35% gain.

The bull flag pattern, connected the different hand, indicates a imaginable breakout toward $143,300, arsenic shown successful the illustration below.

As Cointelegraph reported, Bitcoin’s rally to $140,000 is plausible, backed by an array of fundamental, onchain and method indicators.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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