$116,000 June BTC price target in play Bitcoin tr

$116,000 June BTC price target in play

Bitcoin traders were meanwhile uncertain about short-term BTC price action after BTC/USD fell nearly $4,000 in 24 hours.“At this point I'm fairly certain that if price breaks either the current monthly high or low, that it will keep trending that direction for the rest of June (and possible beyond),” popular trader Daan Crypto Trades predicted in part of his latest analysis on X. 

“Eyes on those levels

Previously, market participants had anticipated a drop to $107,000, with notorious Hyperliquid trader James Wynn forecasting the day’s bounce zone.

“As of now, structure is still bullish. Bitcoin rejected local supply & is now pushing into demand around 106-107K,” fellow trader Killa continued in his own X post.

“This is quite a important level in terms of market structure, if we are unable to hold, we likely fill the CME gap below.”

Killa added that he expected new all-time highs of up to $116,000 to come before the end of June.