Price Action: #Bitcoin is trading around $103,400, a drop of about 4.7% from recent highs near $108,500 .
Volatility Trends: After surging to near all-time highs (~$112,000 in May), BTC has entered a consolidation phase, with support between $103k–$105k .
Weekly view: still in an overall bullish channel, but a cooling period (e.g., breakdown from rising wedge) suggests consolidation.
•Technical Indicators: Mixed signals—27 technicals bullish vs. 4 bearish; Fear & Greed index around “Greed” territory (~70) .
📊 Technical Levels & Price Outlook
•Support Levels: Critical zones at $105k, $103k, then $97k if breakdown continues.
•Upside Potential: Bounce could retest resistance in the $110k–$112k range; higher targets (~$115k–$120k) are on the table if momentum resumes.
•Medium-Term Forecast: Analysts see BTC reaching $120k–$150k by mid-to-late 2025 (some forecasts extend to ~$160k–$200k)
✅ What You Can Do
•Traders: Consider short-term range strategies between $103k–$112k; set tight stops near $103k.
•Long‑term investors: The fundamental outlook remains strong—dollar weakness, institutional adoption, and upcoming catalysts support bullish case.
•Monitor: Inflation data on June 13 and the June 18 Fed meeting closely—they could drive the next major move.
