$BTC Bitcoin stood at $105,049 on June 15, 2025, with a market capitalization of $2.08 trillion and a 24-hour trading volume of $15.86 billion.

The leading crypto asset traded in a narrow intraday range from $104,412 to $106,032, indicating restrained price dynamics and investor uncertainty near key technical levels.

The hourly chart of Bitcoin shows a slight downward trend, interrupted by attempts to consolidate near short-term support at $104,500.

Price dynamics show an inverted cup, which typically signals a bearish continuation; however, selling pressure has eased.

Although there is no confirmed bullish reversal on the 1-hour chart, a move above $105,800 could trigger a short-term scalping opportunity with targets between $106,200 and $106,500.

A breakout below $104,400 will cancel any upward shift. This chart illustrates a market in search of direction, based on low confidence in movements.

On the 4-hour chart, Bitcoin exhibits sideways behavior after a sharp drop to $102,816, suggesting temporary stabilization. Volume spikes at the beginning of the sell-off indicate potential capitulation, but the lack of further action leaves the trend direction ambiguous.

A confirmed close above $106,000 with supporting volume will confirm a short-term breakout to the $108,000–$109,500 range.

Conversely, a breakout below $104,000 could accelerate further losses. This consolidation pattern is characteristic of a market at pause after a volatile move.

The daily chart shows a more pronounced downward trend that began after a failed attempt to break above $112,000.

A double top and subsequent formation of lower highs established a bearish technical structure. Key support is located between $100,000 and $102,000, an area that has repeatedly absorbed selling pressure.

Despite declining volume on down days—a sign of weakening bearish strength—momentum remains unfavorable.

A bullish candle or similar reversal signal above $100,500 may mark the beginning of a long-term trading opportunity with exit targets around $112,000.

Bullish Verdict:

If Bitcoin holds support above the $100,000 threshold and confirms a reversal pattern with increased volume, bullish momentum may resume.

This positions the asset for a move back to the resistance range of $110,000–$112,000, aligning with long-term buy signals from the 50, 100, and 200-period moving averages.

Bearish Verdict:

Failure to hold above $104,000 along with ongoing weakness in momentum indicators and resistance from short-term moving averages may intensify Bitcoin's decline.

A drop below $100,000 will likely lead to increased selling, potentially targeting the mid-$90,000 range in line with the prevailing medium-term bearish structure.