Bitcoin Price Update – Mid-June 2025
Bitcoin (BTC) is trading around $105,700, fluctuating between intraday lows near $104,400 and highs around $106,000.
Short-term technical picture:
BTC is holding within a symmetrical triangle/flag pattern around $105,400–$105,700.
Immediate upside targets: $107,000 and $108,150. A breakout could lead toward $110,000+.
Key support levels: $104,200, $103,150, and $101,200 on the downside.
June catalysts:
Macro data: May CPI at 2.4% supports expectations for Fed rate cuts.
Institutional flows: ETF inflows and political backing (e.g., Trump’s crypto reserve proposal) boost sentiment.
Expert forecasts: Bitfinex sees $120,000–$125,000 by end of June; others target $150,000–$230,000 long term.
Possible June scenarios:
Bullish: Rate cuts, ETF inflows, breakout above $107K
→ Price range: $110K to $120K–$125K
Neutral: Stable data, consolidation
→ Price range: $104K to $110K
Bearish: Hawkish Fed, weak data, or profit-taking
→ Price range: $104K to $101K
Outlook:
Expect volatility. A breakout above $107K may rally BTC to $120K+. A failure to hold $104K could lead to a dip toward $101K. Watch inflation data, Fed guidance, and ETF flows for direction.
