Hello Everyone ๐๐๐
Bitcoin Update & Price Prediction โ June 16, 2025
๐น Todayโs Price: Bitcoin is trading around $107,561, with intraday highs near $107,732 and lows around $104,601 .
๐น Today's Market Drivers:
Price has climbed ~1.5โ1.8% as Bitcoin rebounded from support near $104Kโ$105K .
Technical factors: a bullish โpin-barโ breakout and a golden cross signal potential for upward momentum .
Macro context: geopolitical tensions and easing Fed rate expectations are fueling interest .
๐น Short-Term Outlook (Next Few Days):
Analysts expect BTC to remain buoyant above $105Kโ$107K, with upside targeting $108Kโ$112K if resistance breaks .
Bitfinex analysts suggest a move to $120Kโ$125K by end of June, contingent on favorable U.S. labor reports and Fed policy shifts .
๐น Mid-Term Forecast (2025 Year-End):
Prominent experts offer bullish targets:
CathieโฏWood (ARK): $1.5โฏmillion by 2030
TomโฏLee (Fundstrat): $150K by year-end, with long-term potential up to $3โฏmillion
Bitwise & Standard Chartered: $200Kโ$230K by late 2025
๐น Potential Risks & Support Levels:
Key support lies around $104Kโ$105K; a sustained drop below could test $100K .
Major resistance levels to watch: $112K, then $120Kโ$125K