$BTC

On June 16, 2025, the price of Bitcoin ($BTC) is reported to be around $106,647. Other sources indicate it fluctuated between $105,140 and $106,678 throughout the day.

**Current Price Overview**

- Bitcoin is trading at approximately **$106,647**.

- Fluctuations during the day have seen prices between **$105,140** and **$106,678**.

**Market Sentiment and Technical Analysis**

- **Resistance Levels**: Key resistance is noted at **$106,000**, with further levels at **$107,000** and **$108,150**.

- **Support Levels**: Important support is identified at **$104,200**, with additional levels at **$103,150** and **$101,200**.

- **Price Structure**: Bitcoin is forming a symmetrical triangle, indicating potential breakout points around **$105,400**.

- **Indicators**:

- **RSI**: Currently at **45.2**, indicating a bearish tilt.

- **MACD**: Shows a bearish crossover.

- **Stochastic RSI**: In the overbought zone (85–86), suggesting potential exhaustion.

**Market Dynamics**

- Bitcoin is currently facing bearish pressure, struggling to maintain levels above **$105,000**.

- The price action is caught in a corrective flag formation, with a broader trend still intact above key Fibonacci levels.

- A failure to hold above **$104,200** could lead to a drop towards **$103,000** if momentum stalls.

**Conclusion**

- The market is at a critical juncture, with bulls needing to reclaim the **$106,000** to **$106,300** range to shift the trend back upward.

- Traders should remain cautious as the market shows signs of indecision and potential volatility in the coming sessions.