$BTC The hourly chart for bitcoin reveals a minor downtrend, punctuated by attempts to consolidate near short-term support at $104,500. Price action exhibits an inverted cup pattern, typically signaling a bearish continuation; however, selling momentum has eased. While the 1-hour chart shows no confirmed bullish reversal, an entry above $105,800 could trigger a brief scalping opportunity with targets between $106,200 and $106,500. A break below $104,400 would negate any upside bias. This chart illustrates a market in search of direction, underpinned by low conviction moves.

The daily chart presents a more pronounced downtrend, beginning after a failed attempt to surpass the $112,000 level. The double top and subsequent formation of lower highs have established a bearish technical structure. Key support lies between $100,000 and $102,000, a zone that has repeatedly absorbed selling pressure. Despite waning volume on down days—a sign of weakening bearish strength—momentum remains unfavorable. A bullish engulfing candle or similar reversal signal above $100,500 could mark the beginning of a swing-long opportunity with exit targets near $112,000.

Bitcoin hovered 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 within a narrow intraday range of $104,412 to $106,032, indicating subdued price action and investor indecision near key technical levels.