$BTC The Fear & Greed Index is at 65, indicating cautious optimism rather than panic, supporting accumulation at dips. However, mixed sentiment is noted with 21 bullish and 8 bearish technical indicators, suggesting a neutral outlook.

Technical Analysis

Key Levels

Support:

Immediate support is at the 200-EMA (~$102,337) on the 4-hour chart, a critical level to watch.

Additional support lies at $100,000–$102,000, with a potential drop to $98,000 if the 200-EMA is breached.

Resistance:

Strong resistance is at $112,000, with a recovery above $106,000–$107,000 signaling a potential bullish reversal.

A breakout above $111,924 (recent all-time high) could confirm a bull run, potentially targeting $120,000 by the end of June.

Bullish Scenario: If Bitcoin holds support at $102,000–$104,000 and breaks above $111,000, it could rally toward $120,000 by the end of June, driven by ETF inflows and favorable macro conditions.

Bearish Scenario: A break below the 200-EMA ($102,300) could lead to a decline toward $98,000 or even $95,000 if bearish pressure intensifies.