Get Ready for a Wild Ride: Bitcoin Price Crash Imminent! 😱📉

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Hold onto your hats, folks, because it looks like Bitcoin is about to take a nosedive straight into the abyss of despair. That’s right, the price could plummet to a measly $100K as the Bank of Japan (BOJ) contemplates raising interest rates. You heard it here first!

But wait, there’s more! Geopolitical tensions in the Middle East are keeping traders on their toes, and a whopping $4 billion in Bitcoin and Ethereum options are set to expire today on the largest derivatives crypto exchange, Deribit. Talk about adding fuel to the fire!

Core CPI in Japan came hotter than expected at 3.7%, Exp. 3.6%

What may come as a surprise is that in Japan food is actually part of “core” CPI, and especially rice which was the driver of the hot print

So again, BOJ is contemplating rate hikes because its farmers are clueless

— zerohedge (@zerohedge) June 20, 2525

Bitcoin fell below the 50-DMA (blue) today and hinted at further pullback amid various headwinds holding back a rally to $110K. Traders are also eyeing the quarterly options expiry next Friday, with max pain at $100K.

If the price closes below the 50-DMA today, a negative sentiment in the broader crypto market could build up. It is supported by a massive 28% decline in trading volume over the last 24 hours. BTC price will likely fall to the next support at $103.1K, the 28.6% Fibonacci retracement level.

However, the price could continue to move sideways if institutional investors continue buying Bitcoin ETFs and companies add BTC to their treasuries.

According to CoinGlass data, derivatives trading remained mixed in the last 24 hours. The total BTC futures open interest dropped 0.70% over the last 24 hours, but jumped 0.15% in the past hour.

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2025-06-20 09:31