Bonk's Price Assessment and Forecast (June 18): Despite Rebound, Bear Trend Persists for Bonk, Registering a 30% Decrease Monthly

Bonk's Price Assessment and Forecast (June 18): Despite Rebound, Bear Trend Persists for Bonk, Registering a 30% Decrease Monthly

In a recent market analysis, professional trader and cryptocurrency technical analyst Michael Fasogbon has shared his insights on the current trends and predictions for major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) as of mid-2025. Meanwhile, ZachXBT has issued a warning about potential red flags surrounding WhiteRock (WHIT), unrelated to Fasogbon's analysis.

Fasogbon's analysis suggests a positive outlook for Bitcoin, with the digital currency showing a bullish trend and relatively low volatility. After rallying over 20% in six weeks, Bitcoin currently trades above the critical $103,000 support level. Key resistance levels have been identified at $106,600, $111,980, and $120,000. A drop below $103,000 could see prices fall toward support at $100,718 and potentially down to $93,500 if momentum weakens. However, a push above $106,600 may trigger a rally back up to and beyond $115,000 soon.

Ethereum, on the other hand, has remained more indecisive amid recent market fluctuations. After a low in April, Ethereum recovered above $1,800 and surged to $2,750, breaking a crucial resistance line before facing rejection and pulling back. It now trades sideways with a narrow range of movement. Fasogbon notes that a recovery above $2,300 could reignite a bullish rally, while a drop below this level might revisit the $1,900 support zone.

Overall, Fasogbon’s analysis offers a cautiously optimistic outlook for these major cryptocurrencies, with Bitcoin showing stronger bullish momentum and Ethereum in a consolidation phase, awaiting a decisive move. The key support and resistance levels he identifies offer important markers for traders and investors to watch in the near term.

Meanwhile, ZachXBT has issued a warning about potential red flags surrounding WhiteRock (WHITE). Reports have surfaced linking the company to the Zkasino scam, raising concerns among investors. It is important for investors to exercise caution and do thorough research before making any investment decisions.

Despite the concerns surrounding WhiteRock, the Bitcoin ecosystem is poised for major growth, with institutional adoption and scaling advances contributing to its growth. The market analysis discussed in the article pertains solely to WhiteRock and its potential issues, and does not provide any updates on the growth or development of the overall cryptocurrency industry.

Michael Fasogbon, who has many years of trading experience, became passionate about cryptocurrencies and blockchain technology after his sister introduced him to the concept. His passion for the industry has led him to become a well-respected technical analyst in the cryptocurrency community.

[1] Source: Michael Fasogbon's market analysis, mid-2025. [2] Source: Michael Fasogbon's market analysis, mid-2025.

blockchain technology's influence on the finance sector is emphasized as Michael Fasogbon, a seasoned trader and cryptocurrency technical analyst, attributes his passion for the industry to his sister's introduction to the concept.

For investors considering investments in the stock-market, it's crucial to exercise caution and conduct thorough research, as ZachXBT has issued a warning about potential red flags surrounding WhiteRock (WHITE), which may be linked to the Zkasino scam. Meanwhile, the cryptocurrency market, specifically Bitcoin and Ethereum, presents a cautiously optimistic outlook, according to Fasogbon's analysis, with Bitcoin showing stronger bullish momentum and Ethereum in a consolidation phase.

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