RSI (14-day): ~63.6 — in the bull range, showing positive momentum but approaching overbought territory .
MACD (12,26): +418.5 and above the signal line; clear bullish trend indication .
Moving Averages: Price sits above 5-, 10-, 20-, 50-, 200‑day SMAs; only the 100‑day EMA (~107,229) is marginally above, highlighting a broader uptrend .
Stochastics: Overbought readings (STOCH ~99.6) suggest short-term pullback risk .
📊 Bitcoin Technical Snapshot – June 16, 2025
Price: ~$106.8k, trading above key SMAs (5–200 days), reinforcing bullish trends.
RSI at ~63.6 indicates strong momentum, with room before being overbought.
MACD is +418 and trending above its signal line — a clear bullish signal.
Stochastics (~99.6) warn of possible short-term pullback.
Levels to Watch:
– Support near 50‑day SMA (~105.6k) and classic pivot (~106.65k).
– Resistance around 100‑day EMA (~107.2k) and next pivot (~107.13k).
Plan: A dip toward 50‑day SMA could offer a favorable entry if RSI holds above ~60. Watch for a breakout past $107.2–107.3k — confirmation may kickstart a new upward leg.
Bottom line: Technicals stay bullish, supported by MACD and structural trends. Caution for short-term froth, but setup favors the bulls.
