4 hours ago
Key points:
Bitcoin sees airy alleviation arsenic US President Trump reveals that Iran had been successful touch.
Trump calls Fed Chair Jerome Powell “stupid” arsenic markets spot nary accidental of an interest-rate chopped astatine the June 18 FOMC meeting.
Order books amusement BTC terms enactment ripe for liquidity grabs.
Bitcoin (BTC) returned to $105,000 aft the June 18 Wall Street unfastened amid claims that Iran had “reached out” to the US for dialogue.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Trump: Fed Chair Powell “stupid person” up of FOMC
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing downside, which had taken it to lows of $103,857 connected Bitstamp.
Still highly sensitive to developments successful the Iran-Israel conflict, Bitcoin sought alleviation from comments by US President Donald Trump that Iran had been successful touch.
“I said, ‘It’s precise late,’” Trump told reporters during an quality connected the White House lawn, adding that helium did not cognize however overmuch longer the struggle mightiness continue.
Positive BTC terms momentum built connected US unemployment data, which broadly conformed to expectations, avoiding much uncertainty implicit inflation.
Hours up of the Federal Reserve’s determination connected involvement rates, however, concerns lingered implicit the imaginable interaction of US commercialized tariffs arsenic good arsenic the Middle East tensions and their effect connected lipid prices.
“First tariffs, present missiles. This is nary mean ostentation fight,” trading assets QCP Capital summarized successful its latest bulletin to Telegram transmission subscribers connected the day.
“Our anticipation is for the Fed to clasp rates dependable portion striking a hawkish tone, acknowledging the caller upside risks to ostentation stemming from geopolitical instability.”
Fed people complaint probabilities (screenshot). Source: CME Group FedWatch ToolQCP warned that the Fed reducing its forecast for the number of interest-rate cuts successful 2025 would “likely unit hazard assets, including Bitcoin and broader integer assets, arsenic liquidity expectations are pared back.”
For his part, Trump reiterated existing demands for cuts, contempt markets believing that they would not travel until Q3.
“$88 cardinal came successful from tariffs; nary inflation. I cognize what I’m doing,” helium said, calling Fed Chair Jerome Powell a “stupid person.”
Bitcoin liquidity stacks up into Fed decision
Among Bitcoin traders, anticipation was brewing implicit a imaginable abbreviated squeeze, with the marketplace positioned for further losses.
Related: Bitcoin terms apical metric with 10-year grounds stays 'neutral' astatine $112K
“Market reacting truthful acold positively disconnected headlines of de-escalation (we spot though),” fashionable trader Skew wrote successful portion of ongoing X analysis.
“Orderbooks are skew towards bid extent - More bids closest to terms vs asks. Perp positioning is beauteous abbreviated with each the stacked antiaircraft positioning here.”
BTC liquidation heatmap (screenshot). Source: CoinGlassOrder publication information from monitoring assets CoinGlass shows that the country astir $103,000 is peculiarly primed to enactment arsenic a short-term terms magnet should a liquidity drawback ensue.
Fellow trader TheKingfisher nevertheless described a abbreviated liquidation lawsuit arsenic “loading,” with asks successful spot betwixt spot terms and existent all-time highs of $112,000.
— TheKingfisher (@kingfisher_btc) June 18, 2025This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.
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