June 12, 2025, Source: Benzinga Cryptocurrency markets experienced a downturn on Thursday, though overall investor sentiment remains positive, fueled by increasing institutional interest in Bitcoin.
Bitcoin has reached a significant bearish target, according to trader Carl The Moon, who noted that the recent breach below critical support levels could lead to further declines.
Trader Degen Hardy indicated that Bitcoin is approaching the $106,000-$107,000 value area high zone, potentially setting the stage for a retest.
More Crypto Online is monitoring whether Ethereum bulls can maintain the crucial $2,611-$2,772 support zone, which corresponds with key wave (4) levels. ETH has demonstrated relative strength compared to BTC, indicating potential resilience.