📊 Weekly Update for Movement $BTC – June 16, 2025

💥 After the panic wave caused by the conflict between Israel and Iran, it seems that the market has overcome the shock, and **$BTC** has shown strong resilience temporarily invalidating the bearish scenario down to $99,000 – $100,000.

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🔍 Key Technical Observations:

✅ Long tail and successful test of the support area $102K–$103K

✅ Clear re-test of a descending channel on the 4-hour timeframe

✅ Breakout from an ascending triangle on the hourly timeframe (H1)

✅ Recovery and stabilization above the level of $106,200 (Kijun D1)

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🟡 Nearby Resistance and Support Areas:

• $104,400

• $105,500

• $106,600

• $108,500

• $109,350

• $110,400

• $111,600

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📈 Current Outlook:

• As long as the price is above $102,500, the bullish trend remains intact.

• Daily close above $111,800 = strong signal for a new rally towards $120K+.

• Close below $105,000 = risk of re-testing $99K.

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🛡️ Strategic Supports:

• $98,000 – $100,000

• $93,000 – $94,000

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🧠 Conclusion:

Despite the fear, the bullish structure of Bitcoin remains intact on the larger timeframes.

We expect sideways movement between $102.5K and $110K before the next explosion!

#BTC #Technical_Analysis #CryptoUpdate