Bitcoin (BTC) Price Prediction for June 10: Volatility Builds Near $106K as Bulls Eye Breakout Levels
After reclaiming the $105,000 level in early June, Bitcoin price today is showing signs of short-term hesitation. The broader market remains cautious, with Bitcoin price hovering around the mid-$105,000s as traders assess resistance just under $106,000. While bullish momentum remains intact on higher timeframes, key indicators hint at consolidation risks heading into June 10.
What’s Happening With Bitcoin’s Price?
The Bitcoin price action has seen a decisive rebound from the $102,000 region, recovering over 3% in just two sessions. This move followed a bounce from the confluence of dynamic support around the 100-EMA and horizontal demand near $101,000. However, the 4-hour chart shows that price is once again stalling near a significant resistance block between $105,800 and $106,900—an area that coincides with the upper Bollinger Band and previous rejection zones from late May.
The recent Bitcoin price update highlights how tightly the asset is coiled within a short-term symmetrical triangle, with breakout pressure mounting as volatility compresses. This pattern is forming just below key resistance and typically p…
The post Bitcoin (BTC) Price Prediction for June 10: Volatility Builds Near $106K as Bulls Eye Breakout Levels appeared first on Coin Edition.
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Bitcoin (BTC) Price Prediction for June 10: Volatility Builds Near $106K as Bulls Eye Breakout Levels
After reclaiming the $105,000 level in early June, Bitcoin price today is showing signs of short-term hesitation. The broader market remains cautious, with Bitcoin price hovering around the mid-$105,000s as traders assess resistance just under $106,000. While bullish momentum remains intact on higher timeframes, key indicators hint at consolidation risks heading into June 10.
What’s Happening With Bitcoin’s Price?
The Bitcoin price action has seen a decisive rebound from the $102,000 region, recovering over 3% in just two sessions. This move followed a bounce from the confluence of dynamic support around the 100-EMA and horizontal demand near $101,000. However, the 4-hour chart shows that price is once again stalling near a significant resistance block between $105,800 and $106,900—an area that coincides with the upper Bollinger Band and previous rejection zones from late May.
The recent Bitcoin price update highlights how tightly the asset is coiled within a short-term symmetrical triangle, with breakout pressure mounting as volatility compresses. This pattern is forming just below key resistance and typically p…
The post Bitcoin (BTC) Price Prediction for June 10: Volatility Builds Near $106K as Bulls Eye Breakout Levels appeared first on Coin Edition.
Read More