Bitcoin (BTC) heads into another heavy macro week with bulls hoping that the $100,000 support retest is done.
BTC price action offered some hope at the weekly close, with predictions of a return to all-time highs intact.
Liquidity grabs remain a focus, and could compound a deeper correction if $100,000 fails.
CPI and PPI are due this week, and attention is on the Fed in the week before the June FOMC meeting.
Bitcoin short-term holders have a key level at $106,200, potentially cementing short-term resistance at that level.
The public feud between Donald Trump and Elon Musk may already be a blessing in disguise for crypto hodlers.
Bitcoin weekly close inspires hope
Bitcoin managed to pass $106,000 before sellers appeared into the June 8 weekly close.
Despite volatility through the week, data from Cointelegraph Markets Pro and TradingView shows that BTC/USD came practically full circle to preserve its weekly open position.
This has implications for market observers keen to see evidence of price strength after a retest of $100,000 support.
For trader and analyst Rekt Capital, the result appears mixed, as $104,400 stayed in play, giving BTC/USD its fourth consecutive weekly close higher, but a full bull market comeback remained lacking.
“Bitcoin has broken its two-week Downtrend (light blue). Now, Bitcoin is trying to challenge the $106600 resistance (black),” they told X followers in part of their ongoing analysis on June 8.
“Some light rejection here would be normal. But the goal is for Bitcoin to Daily Close above black for continued bullish bias.”
Others already see encouraging signs when it comes to Bitcoin leaving its trip to $100,000 in the past.
Fellow trader Matthew Hyland noted that price has now had several daily candle closes above the 10-period simple moving average (SMA).
#BTC closes another candle above 10 SMA further confirming recent low: https://t.co/oXI3f8CxOZ pic.twitter.com/GQJCbCEDWn
— Matthew Hyland (@MatthewHyland_) June 9, 2025
Long-term perspectives are likewise far from panicked, with seasoned hodlers waiting for what they see as inevitable bullish continuation.
“$BTC showing Calm Before the Storm. $BTC is compressing just below resistance at $107,800 and it is a classic volatility squeeze only,” trader CryptoKing argued this weekend, referencing multiple price tools.
“If you look at Price holding higher lows. Volumes drying up and the breakout is loading. RSI is also cooling off. If we flip resistance this time the next stop is $120K.”
All eyes on BTC liquidity
Exchange order book liquidity has featured heavily in recent BTC price analysis.
Throughout May and June, price action has seen snap moves higher and lower in order to “grab” patches of thickening liquidity.
As Cointelegraph reported, these patches are often not organic but rather speculative moves on the part of…
Read More: Bitcoin Price Support at $100,000 Becomes the Key Level to Defend
