Bitcoin (BTC) price has faced increased resistance near $108k in recent days, coinciding with the de-escalation of geopolitical tensions in the Middle East. As of Thursday, June 26, during the North American trading session, BTC dipped slightly to $107,472.
Despite a strong recovery after April 2025’s tariff pause, Bitcoin’s price action suggests a potential reversal pattern. This bearish sentiment persists even as institutional demand grows, driven by firms like Strategy and Metaplanet.
Key Factors Influencing Bitcoin’s Midterm Price Outlook
Technical Challenges
BTC’s daily chart shows a downward trend after breaking bearishly from a rising wedge pattern formed in late May 2025. Key indicators reinforce this midterm caution:
- Relative Strength Index (RSI): Declining daily RSI signals weakening momentum.
- MACD Line: Crossed below zero, indicating bearish pressure.
Technically, BTC may retest the $92k support level in coming weeks, with a stronger floor established above $76k earlier this year.
Short Liquidation Leverage Pressure
A staggering $12 billion in cumulative short liquidation leverage around $112k fuels bearish sentiment. This suggests institutional players are strategically suppressing BTC prices via futures markets to accumulate coins ahead of a potential parabolic rally.
On-chain data reveals aggressive BTC accumulation through equity leverage. Notably, 251 entities hold over 3.47 million BTC in treasuries (BitcoinTreasuries).
FAQ Section
Why is Bitcoin facing resistance near $108k?
Geopolitical easing and technical sell-offs have created supply pressure at this level.
What’s the significance of the $92k support?
It’s a critical psychological and technical level where buyers may re-enter, preventing deeper declines.
How are institutions influencing BTC’s price?
Through leveraged short positions and strategic accumulation, they’re shaping near-term volatility.
👉 Discover how institutional demand drives crypto markets
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