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$BTC

Bitcoin Update & Price Prediction โ€“ June 16, 2025

๐Ÿ”น Todayโ€™s Price: Bitcoin is trading around $107,561, with intraday highs near $107,732 and lows around $104,601 .

๐Ÿ”น Today's Market Drivers:

Price has climbed ~1.5โ€“1.8% as Bitcoin rebounded from support near $104Kโ€“$105K .

Technical factors: a bullish โ€œpin-barโ€ breakout and a golden cross signal potential for upward momentum .

Macro context: geopolitical tensions and easing Fed rate expectations are fueling interest .

๐Ÿ”น 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 .

๐Ÿ”น Mid-Term Forecast (2025 Year-End):

Prominent experts offer bullish targets:

Cathieโ€ฏWood (ARK): $1.5โ€ฏmillion by 2030

Tomโ€ฏLee (Fundstrat): $150K by year-end, with long-term potential up to $3โ€ฏmillion

Bitwise & Standard Chartered: $200Kโ€“$230K by late 2025

๐Ÿ”น 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

$BTC