Bitcoin (BTC) Price Prediction For June 19, 2025
Bitcoin price continues to hover near $105,000, showing resilience against broader market volatility. However, the battle between bulls and bears remains unresolved as momentum indicators flash mixed signals.
What’s Happening With Bitcoin’s Price?
As of June 18, the Bitcoin price today is holding at approximately $104,950 after bouncing from a key short-term demand zone near $104,400. This support lies within a well-established green structure on the 4-hour and daily charts. The recent rejection from the $107,000 region shows that sellers are aggressively defending the lower high of the symmetrical triangle seen on multiple timeframes.
Why Bitcoin (BTC) Price Going Down Today?
The Bitcoin price dipped slightly today, influenced by a confluence of technical and volume-based signals. On the 4-hour timeframe, price action failed to break above the descending trendline resistance near $107,000. This zone has now aligned with the 50 EMA, capping upward attempts.
The MACD on the 30-minute chart is turning over after a bullish wave, suggesting waning upside momentum. RSI is also…
The post Bitcoin (BTC) Price Prediction For June 19, 2025 appeared first on Coin Edition.
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Bitcoin (BTC) Price Prediction For June 19, 2025
Bitcoin price continues to hover near $105,000, showing resilience against broader market volatility. However, the battle between bulls and bears remains unresolved as momentum indicators flash mixed signals.
What’s Happening With Bitcoin’s Price?
As of June 18, the Bitcoin price today is holding at approximately $104,950 after bouncing from a key short-term demand zone near $104,400. This support lies within a well-established green structure on the 4-hour and daily charts. The recent rejection from the $107,000 region shows that sellers are aggressively defending the lower high of the symmetrical triangle seen on multiple timeframes.
Why Bitcoin (BTC) Price Going Down Today?
The Bitcoin price dipped slightly today, influenced by a confluence of technical and volume-based signals. On the 4-hour timeframe, price action failed to break above the descending trendline resistance near $107,000. This zone has now aligned with the 50 EMA, capping upward attempts.
The MACD on the 30-minute chart is turning over after a bullish wave, suggesting waning upside momentum. RSI is also…
The post Bitcoin (BTC) Price Prediction For June 19, 2025 appeared first on Coin Edition.
Read More