Bitcoin (BTC) Price Prediction For June 25
After a sharp rebound from the $100,000 region, the Bitcoin price today is trading near $105,400 as bulls attempt to regain control. The recovery follows a high-volume bounce from major demand zones, with momentum indicators pointing toward a potential short-term continuation. However, the price remains capped below a critical resistance band, creating a tight range heading into June 25.
What’s Happening With Bitcoin’s Price?
Bitcoin price action on the daily chart shows BTC moving within a medium-term ascending pitchfork. After breaking below mid-channel support earlier this week, bulls stepped in aggressively at the lower bounds near $100K. This level also aligns with the 38.2% Fibonacci retracement zone and prior breakout support.
The daily structure remains fragile, as price is now approaching key resistance levels between $106,000 and $108,000. This area overlaps with a Fibonacci pivot and prior rejection zone. Meanwhile, upside targets are visible at $109,150 and $114,890, both significant Fibonacci and pivot cluster zones. On the downside, $102,000 and $100,000 form crucial intraday support levels.
Why is t…
The post Bitcoin (BTC) Price Prediction For June 25 appeared first on Coin Edition.
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Bitcoin (BTC) Price Prediction For June 25
After a sharp rebound from the $100,000 region, the Bitcoin price today is trading near $105,400 as bulls attempt to regain control. The recovery follows a high-volume bounce from major demand zones, with momentum indicators pointing toward a potential short-term continuation. However, the price remains capped below a critical resistance band, creating a tight range heading into June 25.
What’s Happening With Bitcoin’s Price?
Bitcoin price action on the daily chart shows BTC moving within a medium-term ascending pitchfork. After breaking below mid-channel support earlier this week, bulls stepped in aggressively at the lower bounds near $100K. This level also aligns with the 38.2% Fibonacci retracement zone and prior breakout support.
The daily structure remains fragile, as price is now approaching key resistance levels between $106,000 and $108,000. This area overlaps with a Fibonacci pivot and prior rejection zone. Meanwhile, upside targets are visible at $109,150 and $114,890, both significant Fibonacci and pivot cluster zones. On the downside, $102,000 and $100,000 form crucial intraday support levels.
Why is t…
The post Bitcoin (BTC) Price Prediction For June 25 appeared first on Coin Edition.
Read More
Bitcoin Stays Below $112K After Tough Jobs Report and Fed Cut Bets. What Next?