Bitcoin is facing resistance near its all-time high of $111,970, trading at $109,519 as of June 10, 2025. Despite a 39% increase from its Q1 low of $78,513, analysts from Bitfinex suggest the lack of strong fundamental support could lead to a short-term correction. Market participants are closely monitoring macroeconomic factors, including the US Federal Reserve's upcoming interest rate decision on June 18, which may influence Bitcoin's price trajectory. Swyftx analyst Pav Hundal highlights ongoing tariff uncertainties under US President Donald Trump as a potential risk to Bitcoin's bullish outlook. Additionally, the potential liquidation of $1.08 billion in short positions if Bitcoin reaches its ATH adds to market volatility concerns.