Bitcoin ($BTC) Price Prediction for June 14, 2025: Bulls Lose $106K as Key Trendline Fails Amid Wider Selloff
After an intense bout of selling pressure across crypto majors, the Bitcoin price today has dropped to around $104,020, down nearly 1.6% over the past 24 hours. This correction comes just days after bulls failed to maintain support above the 0.5 Fibonacci retracement level near $106,235, leading to a sharp rejection from the upper resistance at $110,000.
The downside momentum has accelerated as broader risk sentiment weakens, putting immediate focus on whether the $102,500 zone will hold in the coming sessions.
What’s Happening With Bitcoin’s Price?
The recent dip in the Bitcoin price action is part of a broader structure breakdown visible across lower and higher timeframes. On the 30-minute chart, BTC pierced through a key support region between $105,000 and $104,500, following which a breakdown retested the lower Bollinger Band near $104,000.
The Relative Strength Index (RSI) dropped sharply to 36.8, while the MACD histogram continues to print negative values, reinforcing the bearish control. Despite a brief bounce early June 13, the Bitcoin price update shows little follow-through, indicating hesitation near t…
The post Bitcoin ($BTC) Price Prediction for June 14, 2025: Bulls Lose $106K as Key Trendline Fails Amid Wider Selloff appeared first on Coin Edition.
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Bitcoin ($BTC) Price Prediction for June 14, 2025: Bulls Lose $106K as Key Trendline Fails Amid Wider Selloff
After an intense bout of selling pressure across crypto majors, the Bitcoin price today has dropped to around $104,020, down nearly 1.6% over the past 24 hours. This correction comes just days after bulls failed to maintain support above the 0.5 Fibonacci retracement level near $106,235, leading to a sharp rejection from the upper resistance at $110,000.
The downside momentum has accelerated as broader risk sentiment weakens, putting immediate focus on whether the $102,500 zone will hold in the coming sessions.
What’s Happening With Bitcoin’s Price?
The recent dip in the Bitcoin price action is part of a broader structure breakdown visible across lower and higher timeframes. On the 30-minute chart, BTC pierced through a key support region between $105,000 and $104,500, following which a breakdown retested the lower Bollinger Band near $104,000.
The Relative Strength Index (RSI) dropped sharply to 36.8, while the MACD histogram continues to print negative values, reinforcing the bearish control. Despite a brief bounce early June 13, the Bitcoin price update shows little follow-through, indicating hesitation near t…
The post Bitcoin ($BTC) Price Prediction for June 14, 2025: Bulls Lose $106K as Key Trendline Fails Amid Wider Selloff appeared first on Coin Edition.
Read More