$BTC

Here's a detailed look at Bitcoin's technical landscape in June 2025:

📈 Overall June Performance

Price surge: Bitcoin reached an intraday high of $110–111 k in early to mid‑June, approaching its all‑time high ($112 k) from May 22

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Macro tailwinds: A weakening U.S. dollar (~9 % drop in 2025) and prospects of Fed rate cuts boosted risk assets—including Bitcoin

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🔍 Technical Chart Patterns & Signals

1. Flag / Pennant Continuation & "Golden Cross"

A bullish flag pattern emerged after the May peak. The breakout above the flag in June signaled further upside potential

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A "golden cross" (50‑day MA crossed above 200‑day MA) further supports bullish bias

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2. Support & Resistance Zones

Upside resistance:

Immediate resistance at ~$112 k (May high)

Next target zones: ~$120–125 k (short‑term) and ~$137 k (measured move from flag) .

Downside support:

Strong supports at ~$107 k and the pivotal $100 k mark

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Deeper fallback support at ~$90 k

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3. Indicators Flash Mixed Signals

RSI & MACD: RSI remains bullish but not overbought (~60), MACD shows a positive bias with potential bullish crossover on daily chart

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Lower‑timeframe patterns:

4‑hour chart: trading between $106 k–110 k; risk of pullback if dropping below $106 k .

30‑min charts suggest bearish bias: ascending wedge breakdown, price trading below key EMAs (~$105–107 k), with potential downside toward $103–104 k

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🎯 What to Watch Next

Hold above $110 k?

A sustained breakout above ~$110–112 k with volume may open the door to $120–137 k targets .

Breakdown risk:

A drop below $107 k (first support), and especially beneath $100 k, could signal a deeper retrace toward $90 k

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Watch macro events:

Fed rate decision, U.S. dollar moves, and geopolitical news (e.g., Middle East tensions) could preempt volatility swings

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Options market outlook:

Extremely bullish outlier: a speculative Deribit call assumed BTC might reach $300 k by late June—but odds are low and most bets target ~$110 k