Bitcoin before correction? Analyst warns of crucial tipping point!

Bitcoin before correction? Analyst warns of crucial tipping point!

The Bitcoin price stabilized at the beginning of June and is currently hovering around the $105,000 mark after a series of turbulent trading days. However, analyst Rachael Lucas warns that Bitcoin is at a crucial tipping point for future price action. Particular attention is paid to technical indicators such as the RSI and MACD, which show signs of weakening bullish momentum. Despite these short-term challenges, the long-term outlook remains optimistic, with a new supercycle potentially on the horizon in the coming months.

Support around $103,000 could act as a safe anchor, while a more solid base is expected at $97,600. Currently, the momentum in the crypto market is largely fueled by institutional investments in Bitcoin, as companies such as Strategy, Metaplanet and Twenty One are heavily involved in the Bitcoin market. While Bitcoin is thriving in institutional buying, altcoins continue to struggle to attract the same level of interest from large investors. BTC dominance is nearing a cycle high while altcoins are underperforming in the current market situation.

Correction or healthy market movement?

Despite the stable price development, Bitcoin has recorded a decline of over 3 percent in the last few weeks. However, experts consider this decline to be a healthy market move as part of a sustained uptrend. Historically, such pullbacks are often just stopovers on the way to new highs. However, current market conditions are different from previous bull markets due to, among other things, significant institutional capital inflows and macroeconomic changes. Analysts at QCP Capital confirm that the rally remains intact, supported by stronger fundamentals and subdued volatility.

Options traders are already betting on call contracts with a strike price of $130,000 for September, reflecting positive market sentiment. Nevertheless, interest from private investors remains rather muted, while institutional investors are the main drivers of the current rally. A decline in crypto app downloads measured by 14 percent in April 2025 underscores the declining attractiveness for retail investors. Prominent platforms such as Binance (-29%), Crypto.com (-41%) and Coinbase (-21%) are affected. In addition, search interest on Google Trends is showing a low level, despite being close to new record highs.

Institutional purchases and risks

Particular attention is being paid to the US software company Strategy, which continues to actively buy Bitcoin despite ongoing legal disputes. The company recently acquired 7,390 BTC for approximately $764.9 million and now has a total holdings of 576,230 BTC. Another step includes a planned share issue of $2.1 billion for additional Bitcoin purchases. But analysts warn of macroeconomic risks, including rising U.S. interest rates and a strong dollar, that could weigh on the market. Altcoins appear to be subject to greater turbulence during periods of higher volatility.

Overall, the current market situation points to a mixed picture. While Bitcoin benefits from institutional investment and remains strong in many aspects, investors must also be mindful of the potential risks driven by macroeconomic factors. The coming months could be crucial for the further development of the crypto market.