TLDR:
- Bitcoin faces rejection near $102,200 after rebounding from below $98,000 last week.
- $101K emerges as a crucial level to sustain the bullish structure in the short term.
- MicroStrategy and Metaplanet added over $140M in BTC despite recent price swings.
- BTC trading volume spiked 42%, indicating rising interest amid uncertain momentum.
Bitcoin’s price is stalling under supply pressure after rebounding from sub-$98,000 levels last week.
Market sentiment remains cautiously bullish as traders eye the $101,000 mark for a potential trend continuation. Despite a slowdown in upward momentum, major institutions continued accumulating BTC during the same period. Notably, global public companies recorded strong net inflows, signaling steady long-term interest.
The crypto market remains shaky, with near-term price direction hinging on key support and resistance zones.
BTC Price Rejection Near $102K Dampens Momentum
Bitcoin rose sharply last week, bouncing from lows near $98,000 to touch $102,200. However, as shared by IT Tech, the rally lost steam after encountering a heavy resistance zone just above $102,000.
Multiple sell signals emerged near this level, causing the price to retreat to around $101,400.
IT Tech now views the $101,000 area as a crucial pivot point to sustain bullish structure. If bulls lose grip on that level, a retest of $100,000 could follow quickly.
Bitcoin rejected near $102.2K and is now hovering around $101.4K.
The bounce from sub-$98K was strong, but the rally is now losing steam under supply pressure. Bulls must defend $101K to keep the structure intact.
Full liquidation and trend breakdown below
Bitcoin… pic.twitter.com/P9ObZHW8t4
— IT Tech (@IT_Tech_PL) June 23, 2025
Despite fading momentum, SuperTrend indicators remain in positive territory, showing bulls still have a chance to regain control. However, a breakdown below $101,000 could trigger fresh long liquidations and increased volatility.
According to CoinGecko, Bitcoin’s current price stands at $102,140, marking a 1.12% increase in the past 24 hours. Its weekly performance, however, shows a 4.64% decline as at press time.
Trading volume surged over 42% in the last day, signaling renewed interest despite short-term uncertainty.
Over the last week, BTC traded within a range of approximately $98,974 to $108,771. Short positions face pressure above $102,400, while strong demand remains below $100,200.
These levels may act as liquidation magnets, driving sharp moves depending on trader sentiment.
Companies Keep Buying Bitcoin Despite Price Fluctuations
Meanwhile, institutional activity remained strong. Coinpedia Markets reported that global public firms, excluding miners, added $198 million worth of Bitcoin last week.
MicroStrategy extended its buying streak to 11 consecutive weeks, investing $26 million to purchase 245 BTC at an average price of $105,856.
In a larger move, Japan-based Metaplanet acquired 1,111 BTC for $118 million at an average cost of $106,408. This brought its total holdings to 11,111 BTC, reinforcing growing corporate confidence in Bitcoin as a long-term asset.
Breaking:
— Coinpedia Markets (@MarketCoinpedia) June 23, 2025
Market structure remains intact for now, but the pressure is mounting. If bulls manage to defend the $101,000 level, a push toward $103,000 could follow. A clean break above $102,400 may trigger renewed bullish momentum.
However, if that level fails, sellers could regain the upper hand and drag the price back to lower support clusters.
The post Bitcoin Price Stalls After Rebound as Global Firms Increase BTC Holdings appeared first on Blockonomi.
Source: https://blockonomi.com/bitcoin-price-stalls-after-rebound-as-global-firms-increase-btc-holdings/