Bitcoin finds itself at key times as the crypto market prepares for another important week. Bitcoin rose 1.41% to $106,685 in the last 24 hours, after reaching $106,958 in its early trading session on Monday. Following the past week’s sale, which reached a low of $100,377, Bitcoin is set to match its profits for the fourth consecutive day.
Short-term resistance is building towards $107,000 as Bitcoin dropped for the third day in a row, up from its highest of $106,901 on June 3rd last week.
In a recent tweet, SwissBlock’s official X account highlighted three potential scenarios for Bitcoin this week.
Bitcoin, what is your plan?
Last week’s inflation data could unleash volatility.
Bulls is slowly restructuring the structure and reorganization that is eager to turn the game over.
There is a first step, but it seems likely to be a low range ($104K) short-term test.Stay sharp. pic.twitter.com/pi6hbsvyhl
– June 9, 2025
First, this week’s inflation data could unleash volatility. Inflation data is expected to become a key topic later in the week. The latest consumer price index was released on Wednesday, followed by the producer price index on Friday.
As the inflation dataset drops in the coming days, all eyes are about how Bitcoin will respond, and whether the Bulls can regain control, or whether the short-term dip is on the horizon. Hotier than expected printing can raise concerns about financial tightening, but softer data could provide room for gatherings for risky assets.
Secondly, the Bulls are slowly being rebuilt and reorganized and want to turn the game over. Market sentiment remains cautious, but early signs suggest that the bull is preparing to turn the script over after recent weaknesses.
Bitcoin faces short-term testing
While the Bulls were ready to flip the game in the first step while they were reorganising, the Swiss Block pointed out that the $104,000 low-range short-term test is likely to be a look.
According to GlassNode, the on-chain model suggests a critical support zone. The 0.95 SSD quantile for $103,700 and the 0.85 for $95,600 are the levels you’ll watch when making profits.
A $97,100 short-term holder cost basis provides important insights. Key thresholds (based on the standard deviation band) are $114,800 and $83,200. Breakouts or breakdowns from this range could define the following major market movements:
