Bitcoin price started June hesitantly, dropping below $104,000 as traders reacted to rising geopolitical tensions stemming from the Russia-Ukraine conflict. This decline represents an 8% drop from its recent all-time high of $112,000, prompting traders to assess market stability amid ongoing volatility and uncertainty. Analysts noted that the situation may influence the broader market dynamics, particularly as there has been no recent commentary from US leadership regarding a potential peace deal, raising doubts about future developments. Despite these concerns, some traders expressed optimism, suggesting that if stocks gain bullish momentum, Bitcoin could outperform. However, many agree that BTC may need to move sideways in the near term, with projections pointing towards a $100,000-$110,000 trading range unless unexpected catalysts emerge. The varying perspectives on market conditions reflect a cautious outlook as traders navigate through the current turbulence while evaluating Bitcoin's long-term bullish potential.

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