$BTC : The Fear & Greed Index is at 62 (Greed), indicating optimism despite short-term volatility. Over the past 30 days, BTC recorded 17/30 (57%) green days with 3.8% price volatility.

Technical Indicators

Moving Averages:

50-day SMA: Currently at $100,124, slightly below the current price, suggesting short-term bullish support. It is projected to reach $117,616 by July 5, 2025.

200-day SMA: Rising since January 5, 2025, currently below the price, acting as a strong long-term support level (around $91,158 by July 5, 2025).

Daily Chart: The 50-day moving average is rising and below the price, supporting potential upward movements. However, the four-hour chart shows a bearish tilt with the 50-day MA falling, indicating a weakening short-term trend.

Relative Strength Index (RSI):

Current RSI is 51.84 on the daily chart, indicating neutral momentum—neither overbought (above 70) nor oversold (below 30).

Some sources note a short-term RSI below 30, suggesting potential oversold conditions that could lead to a bounce, but this is not consistent across timeframes.

Key Support and Resistance Levels

Support:

$100,000: A psychological and technical support level, reinforced by recent price action.

$95,000: Strong buyer interest observed at this level, with additional support at $90,000.

$88,000: A significant liquidation zone that could trigger volatility if breached.

Resistance:

$106,000–$108,260: Immediate resistance, with a break above potentially targeting $111,000–$112,000.

Bullish Case: If BTC holds above $100,000–$104,000 and breaks the $108,260 resistance with high volume, it could rally toward $120,000 by mid-to-late June, supported by ETF inflows and institutional interest. A close above $115,000 would confirm a strong bullish trend.

Bearish Case: Failure to hold $100,000 could lead to a dip toward $95,000 or lower to $90,000. A break below $88,000 might signal a deeper correction, potentially to $74,000, though this is less likely given current bullish sentiment.

DYOR