{"id":24711,"date":"2025-06-16T11:28:01","date_gmt":"2025-06-16T08:28:01","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-surges-past-107000-amid-market-turbulence\/"},"modified":"2025-06-16T11:28:01","modified_gmt":"2025-06-16T08:28:01","slug":"bitcoin-surges-past-107000-amid-market-turbulence","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-surges-past-107000-amid-market-turbulence\/","title":{"rendered":"Bitcoin Surges Past $107,000 Amid Market Turbulence"},"content":{"rendered":"<p>On June 16, the price of the leading cryptocurrency surpassed $107,000, despite global market turbulence due to the Iran-Israel conflict. Since June 13, the price had fluctuated between $104,000 and $105,000.<\/p>\n<p>At the time of writing, the asset is trading at $107,114, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">CoinGecko<\/a>. The price has increased by 1.6% over the past day and by 1.4% over the past week.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"565\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2025-06-16_10-51-27-1024x565.png\" alt=\"BTCUSD_2025-06-16_10-51-27\" class=\"wp-image-260503\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2025-06-16_10-51-27-1024x565.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2025-06-16_10-51-27-300x165.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2025-06-16_10-51-27-768x424.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2025-06-16_10-51-27.png 1438w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute BTC\/USD chart from Binance. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSD\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The Fear and Greed Index stands at 61.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2025-06-16-102844-1.webp\" alt=\"Snimok-ekrana-2025-06-16-102844-1\" class=\"wp-image-260505\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Alternative<\/a>.<\/figcaption><\/figure>\n<p>Prominent traders have predicted that the price of digital gold will reach new all-time highs. They believe the current consolidation is a preparation for a new phase of the price rally, rather than the end of the bull market.<\/p>\n<p>Trader Alan Tardigrade pointed to the formation of an &#8220;ascending broadening wedge&#8221; pattern on the weekly chart.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is trending upward in an Ascending Broadening Wedge ?<br \/>This pattern has recently formed for weeks and is expected to reach $170k levels ?<a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/t.co\/Q6Euhy7wmf\">pic.twitter.com\/Q6Euhy7wmf<\/a><\/p>\n<p>\u2014 Trader Tardigrade (@TATrader_Alan) <a href=\"https:\/\/twitter.com\/TATrader_Alan\/status\/1934192678788546692?ref_src=twsrc%5Etfw\">June 15, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to his forecast, this model could push the asset&#8217;s price to $170,000.<\/p>\n<p>The analyst also noted a &#8220;golden cross&#8221; on the daily chart \u2014 the crossing of the 50-day moving average with the 200-day moving average.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> 50 SMA and 200 SMA formed a Golden Cross ?<br \/>This signal has boosted <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> by 49%, 125%, and 68% since 2023 whenever it has occurred.<br \/>If <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> experiences its worst and best gains from this point, it could reach $152k and $229k.<br \/>These targets are reasonable given the recent\u2026 <a href=\"https:\/\/t.co\/PGEinfxpHE\">pic.twitter.com\/PGEinfxpHE<\/a><\/p>\n<p>\u2014 Trader Tardigrade (@TATrader_Alan) <a href=\"https:\/\/twitter.com\/TATrader_Alan\/status\/1933831549805559896?ref_src=twsrc%5Etfw\">June 14, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cSince 2023, this signal has led to Bitcoin rising by 49%, 125%, and 68%. Based on these figures, the price could reach $152,000 or $229,000,\u201d he commented.<\/p>\n<\/blockquote>\n<p>A specialist known as Merlijn highlighted the classic &#8220;inverted head and shoulders&#8221; pattern.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">INVERTED HEAD &#038; SHOULDERS ON <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a><\/p>\n<p>Left shoulder \u2705<br \/>Head \u2705<br \/>Right shoulder loading\u2026 <\/p>\n<p>Breakout target? $140K+<br \/>Neckline at $113K is the only thing standing in the way.<\/p>\n<p>Patience now is profits later. <a href=\"https:\/\/t.co\/w67wcKF8dY\">pic.twitter.com\/w67wcKF8dY<\/a><\/p>\n<p>\u2014 Merlijn The Trader (@MerlijnTrader) <a href=\"https:\/\/twitter.com\/MerlijnTrader\/status\/1934158940914516341?ref_src=twsrc%5Etfw\">June 15, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBreakout target? $140,000+. The only thing standing in the way is the neckline at $113,000,\u201d he stated.<\/p>\n<\/blockquote>\n<p>Earlier, on June 9, the price of the leading cryptocurrency <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoins-prospects-evaluated-after-surpassing-107000\">exceeded $107,000<\/a> amid <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-funds-lose-ground-as-ethereum-products-gain-strength\">capital outflows<\/a> from spot ETFs and news of unrest in the United States.<\/p>\n<p>On June 13, Bitcoin&#8217;s rate <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-sinks-below-104000-after-israeli-strikes-on-iran\">dropped to $103,639<\/a> following reports of Israeli airstrikes on Iran.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On June 16, the price of the leading cryptocurrency surpassed $107,000, despite global market turbulence due to the Iran-Israel conflict. Since June 13, the price had fluctuated between $104,000 and $105,000. At the time of writing, the asset is trading at $107,114, according to CoinGecko. The price has increased by 1.6% over the past day [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-24711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=24711"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/24710"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=24711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=24711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=24711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}