Bitcoin (BTC) Trade

Trade Setup: Long (Buy)

Entry Points:

Enter now or wait for

Entry 1: $108,150

Entry 2: $105,200

Take-Profit Levels

TP1: $112,000

TP2: $115,000

TP3: $118,000

TP4: $120,000

Stop-Loss: $98,000

Price Overview

As of June 11, 2025, Bitcoin is trading around $110,150, showing a 4% gain over the past 24 hours. The price has broken out from a descending trendline and is forming a bullish flag pattern, indicating strong upward momentum. $BTC is now approaching a key resistance level near $112,000, last touched on May 22.

Fundamental Developments

Recent global events have fueled positive sentiment in the crypto market. US–China trade talks resumed in London, calming investor concerns and boosting risk assets like Bitcoin. In addition, corporate adoption continues to grow, with more companies adding BTC to their treasuries. On the regulatory front, the U.S. House Agriculture Committee approved the Digital Asset Market Clarity Bill, signaling progress toward more crypto-friendly laws. Meanwhile, speculation around the Bank of Japan potentially restarting quantitative easing (QE) could drive additional institutional interest in $BTC as a hedge against inflation.

Technical Outlook

From a technical perspective, Bitcoin has confirmed a breakout above $105,600, completing a bullish flag that projects a long-term target near $158,000. The Relative Strength Index (RSI) is currently at 61, showing healthy momentum with more room to rise before becoming overbought. BTC is also trading above both the 50-day and 200-day moving averages, providing solid support. Moreover, futures market open interest has hit a two-week high of $77 billion, reflecting growing confidence and bullish positioning by traders.

Market Sentiment & Next Moves

Sentiment in the crypto space is neutral to bullish, with 67% of traders leaning bullish and the Fear & Greed Index sitting at 71 (Greed). If Bitcoin holds above $110,000 and breaks through the $112,000 resistance, the next price target could be $120,000 by late June. In the long term, analysts are watching the $158,000 target based on the bullish flag projection. However, if BTC fails to hold above $110,000, a pullback to the $100,000–$105,000 support range is possible.

Conclusion

Overall, Bitcoin remains in a strong position, supported by both fundamental and technical indicators. Traders should watch for a breakout above $112,000 to confirm the next leg upward, while keeping an eye on $105,000 as a key support in case of any short-term corrections.


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