📊 Current Market Snapshot (as of June 12, 2025)
Price: $106,876.87
24h Change: ▼ -2.01%
Onchain Market Cap: $2.12T
24h Volume: $22.62M
Liquidity: $37.86M
Holders: 131.58K
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🧮 Technical Indicators (1-Minute Timeframe)
MA(7): 106,881.78 – Price is hovering just under this short-term moving average.
MA(25): 107,003.13 – Acting as overhead resistance.
MA(99): 107,324.05 – Longer-term resistance level, not yet tested.
Recent High: 107,371.99
Recent Low: 106,775.84
Current Candle: Green; showing an intrabar bounce off the local low.
📈 Price Action Analysis
BTC has pulled back sharply from its recent local high of $107,371, and found a short-term base at $106,775.
The bounce to $106,966 suggests buying interest at support, though momentum remains cautious.
The short-term trend is sideways-to-bearish with lower highs and lower lows, but there’s a potential short-term reversal forming if BTC can sustain above $107,000.
🧭 Key Levels to Watch
Support:
$106,775 (Local intraday bottom)
$106,746 (Previous support on the chart)
Resistance:
$107,001 (MA25)
$107,324 (MA99 - strong resistance)
$107,371 (Recent swing high)
🧠 Interpretation
BTC is currently consolidating in a tight range between major short-term MAs.
The bounce from support indicates bulls are not out of the fight, but failure to break above $107.3K could lead to another retest of the $106.7K zone.
Volume is showing some recovery, hinting at increasing trader activity – likely scalpers and short-term traders responding to volatility.
⚠️ Outlook
Bullish Scenario: A clean breakout above $107,371 with strong volume could target $107.7K–$108K next.
Bearish Scenario: Rejection at MA25 or MA99 could lead to a retest of $106.7K or lower.
🏁 Conclusion
This looks like a critical short-term juncture for BTC. If buyers can flip the moving averages to support, we may see renewed upward momentum. However, if resistance holds, expect continued chop or further downside. For now, watch $107K closely — it’s the battleground between bulls and bears. $BTC
