Mask Network briefly surged to $3.68 before pulling back toward $2; on-chain data shows a spike in whale activity, with large transactions hitting their highest level since May 28.

Mask Network price pumps then dumps as whales sell

The Bitcoin price has continued to trade sideways since hitting a new all-time 
high (ATH) of $111,900 earlier in May. Amid the current price action, crypto 
analyst Decode has provided insights into whether the leading crypto will 
rally to $120,000 or drop below $100,000 next. Analyst Reveals What&#8217;s Next For 
The Bitcoin Price In an X post, Decode shared an accompanying chart in which 
he made an ABC wave analysis of the current Bitcoin price action. Based on his 
analysis, the leading crypto is expected to drop below $100,000 before it 
rallies to a new ATH of $120,000. The chart showed that BTC could fall to as 
low as $96,500 on the Wave B corrective move. Related Reading: Bitcoin Price 
Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next This drop to 
$96,500 is expected to happen this month. Once that is done, Decode predicts 
that the Bitcoin price could rally above $120,500 before the end of July. This 
will mark the Wave C impulsive move to the upside. This aligns with veteran 
trader Peter Brandt’s prediction that BTC could reach as high as $150,000 by 
late summer. However, crypto analyst KillaXBT has predicted that the Bitcoin 
price could hit the $120,000 target by mid-June. This coincides with the June 
FOMC meeting, which is scheduled for June 17 and 18. A Fed rate cut could 
serve as the catalyst for such a parabolic rally from the current BTC price 
level. According to CME FedWatch data, there is a 97.4% chance that the Fed 
would keep interest rates unchanged. As such, market participants aren’t 
expecting a rate cut, which is why the Bitcoin price could pump massively if 
Jerome Powell and the FOMC were to surprise everyone. Moreover, US President 
Donald Trump yesterday urged the Fed to cut rates by a full point. A Breakout 
Might Be On The Cards In an X post, crypto analyst Titan of Crypto suggested 
that a breakout could be imminent for the Bitcoin price. He noted that BTC is 
progressing inside a 4-hour falling wedge, which indicates a bullish reversal 
pattern. If confirmed, the analyst stated that the breakout could target the 
$107,500 and $109,500 zones, which are the Fibonacci confluence areas. Related 
Reading: Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout 
Happens Crypto analyst Kevin Capital highlighted the solid V-shape recovery 
for the Bitcoin price after the leading crypto dropped to as low as $100,000 
on May 5. However, the analyst noted that BTC’s rebound back to the $105,000 
zone won’t matter until it breaks above the $106,800 level. The leading crypto 
must also show actual follow-through with 3-day to 1-week closes to support a 
breakout. At the time of writing, the Bitcoin price is trading at around 
$105,000. Up over 2% in the last 24 hours, according to data from 
CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

Can Bitcoin Price Bounce To $120,000 Or Will It Break Below $100,000?

Bit Global has officially dropped its $1 billion lawsuit against Coinbase, 
with both firms agreeing to dismiss the case with prejudice, according to a 
joint court filing submitted Friday. Antitrust Accusation Dropped The joint 
stipulation, filed in the U.S. District Court for the Northern District of 
California, confirms that the dispute between Bit Global Digital […]

WBTC Delisting Fight Ends: Bit Global Drops Case Against Coinbase

Solana rallied nearly 5% on Friday, down nearly 10% in the past week. The 
Ethereum competitor is likely to rally towards its $165 target, a 13% rally 
within the next week. While Ethereum draws the interest of institutional 
investors, Solana is competing through partnerships and decentralized 
applications on the blockchain.

Chart of the week: Solana indicators point north, bulls test $165 target

Based on current data, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) 
collectively manage over 1.2 million BTC. Yet, two in particular—Blackrock’s 
IBIT and Fidelity’s FBTC—command a striking majority, accounting for more than 
71% of that aggregate. Wall Street’s Bitcoin Giants: IBIT, FBTC, MSTR Tighten 
Grip on Bitcoin’s Scarce Supply Blackrock’s IBIT debuted on Wall […]

If It Keeps the Pace, Blackrock’s IBIT Is on Track to Seize 1 Million BTC by Early 2026

The Bitcoin price has not had quite the same spark it did at the beginning of 
the last month so far in June. The premier cryptocurrency has somewhat 
struggled to break out of a consolidation range since reaching a new all-time 
high in the month of May. The Bitcoin price recently succumbed to bearish 
pressure, falling to around $101,000 on Friday, June 6. While the market 
leader has enjoyed some resurgence to begin the weekend, a prominent 
blockchain firm has now identified significant levels in the event of a return 
to the $100,000 level in the coming days. Here Are The Next Support Levels For 
BTC In a June 6 post on the social media platform X, crypto analytics firm 
Sentora (previously known as IntoTheBlock) revealed an interesting on-chain 
perspective on the price of Bitcoin and its latest dip toward $100,000. 
According to the intelligence platform, there are some significant levels 
lying just beneath the six-figure valuation threshold. This analysis is based 
on the average cost basis of several Bitcoin investors and the distribution of 
the BTC supply around the current price. For context, cost-basis analysis 
basically evaluates the capacity of a price level to act as support or 
resistance, depending on the volume of crypto last acquired by investors at 
this level. As observed in the chart below, the size of the dots directly 
corresponds with the quantity of BTC purchased within each price bracket and 
the region’s capacity to act as support or resistance. This implies that the 
larger the dot, the higher the number of coins purchased, and the stronger the 
support or resistance level; the green dots are support (as they are usually 
below the current price), while the red dots serve as resistance (as they are 
above the asset price). According to data by Sentora, the Bitcoin price seems 
to have major support within the $95,000 &#8211; $99.000 region due to heavy 
accumulation by investors. This price zone would serve as an on-chain cushion 
for the Bitcoin price, as investors with their cost bases around the level are 
likely to defend their positions by acquiring more coins if the price falls 
toward the $95,000 – $99,000 zone. Sentora mentioned that if the bulls do 
defend this support level, the Bitcoin price could be in for an extended 
rally. On the flip side, the on-chain firm asked investors to expect a surge 
in volatility if this support level fails to hold. Bitcoin Price At A Glance 
As of this writing, the price of BTC sits just above $104,400, reflecting an 
almost 3% increase in the past 24 hours. Related Reading: Traders Turn Bearish 
on Bitcoin Following High-Profile Political Tensions, Data Shows Featured 
image from iStock, chart from TradingView