The recent surge in Bitcoin's price to $106,000 marks a significant event amidst market volatility and a dip below $100,000. Key factors include strong institutional interest and easing geopolitical tensions.
Price Recovery After Dip
Over the weekend, Bitcoin price fell to $98,500, marking the first break below six figures in over 45 days due to concerns over escalating conflict in the Middle East.
As of June 24, 2025, CoinGecko data shows Bitcoin trading at approximately $106,026, up 5.7% in the past 24 hours. The intraday swing reflects elevated volatility but highlights firm support at lower levels.
Institutional Inflows Support Bitcoin Price
Crypto investment products saw significant inflows last week. According to CoinShares' June 20 report, crypto ETPs recorded $1.24 billion in net inflows, with $1.1 billion directed into Bitcoin funds. BlackRock's Bitcoin ETF has also contributed significantly to the market, pushing year-to-date flows over $15.1 billion.
CoinGlass data confirms that despite the weekend sell-off, Bitcoin's derivatives market remains resilient with aggregate futures open interest near $68 billion.
Key Resistance Levels Ahead
With Bitcoin's price recovering from weekend lows, analysts are focusing on the $110,000 resistance level, which is a significant psychological and technical barrier. A breakout could trigger the next bullish leg, while failure to reclaim that level may result in continued consolidation. QCP Capital emphasizes the importance of the range between $100,000 and $110,000, noting that movement outside this range could attract broader market interest.
The rebound of Bitcoin to $106,000 after its recent dip reflects strong institutional interest and improved geopolitical conditions. Key resistance levels will play a crucial role in determining future market movements.
