June 18 marked a pivotal moment for global markets as Bitcoin, Ethereum, and Gold reached critical technical levels. Traders and analysts alike are preparing for potential breakouts—or breakdowns—that could shape the coming weeks.
Bitcoin Must Break $106K to Confirm Bullish Continuation
Leading analyst Michaël van de Poppe highlighted that Bitcoin (BTC) has recently reclaimed key liquidity after dipping near $102,000. BTC is now consolidating, forming higher lows—a bullish signal. However, van de Poppe emphasized that a clean breakout above $106,000 is crucial for the next leg of the bull market.
“This would be the big signal for the next bull market leg,” he stated.
If BTC fails to hold above this level, the market could remain in a choppy consolidation phase, frustrating both bulls and bears.
Ethereum Leads While Altcoins Gain Momentum
While Bitcoin treads water, Ethereum (ETH) is beginning to show outperformance. According to van de Poppe, Ethereum is acting stronger than Bitcoin, holding up better against macroeconomic headwinds and technical pressure.
“The altcoin market looks stable, and we’re seeing signs of capital rotation,” he noted.
This shift could favor altcoins if bullish momentum returns in the broader market, with ETH possibly leading the charge toward higher valuations in Q3.
Gold Faces Breakdown Risk Below $3,360
In contrast, Gold (XAU) is showing signs of technical weakness. After absorbing liquidity above its recent highs, the metal is at risk of a swift breakdown below the $3,360 level. Van de Poppe warned that such a move would be a bearish trigger, potentially ending gold’s current uptrend.
“The next key support sits near $3,280,” he added.
A break below these levels would signal a return to risk-off sentiment, particularly if investors flee to the U.S. dollar or treasuries in response to geopolitical or rate-related shocks.
Conclusion: All Eyes on Breakout Levels
With Bitcoin testing $106K, Ethereum showing leadership, and gold on edge, traders are on alert for decisive moves. Whether it’s a breakout in digital assets or a breakdown in traditional safe havens, the next few sessions could define market sentiment into the second half of 2025.
A confirmed breakout or failure at these levels will offer critical insight into whether bulls or bears control the narrative going forward.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss