$BTC On June 16, 2025, Bitcoin traded in a narrow range, maintaining a stable position above $106,000 amid cautious optimism in the market. Technical signals from multiple timeframes suggest a neutral-bullish outlook.

On the daily chart, Bitcoin (BTC) is consolidating between $105,000 and $107,000 after a sharp decline from a peak of $112,000 to a low of $100,426.

Such range-bound behavior is accompanied by weakening bullish volume, indicating indecision among market participants. A bearish engulfing pattern combined with red candles on high volume highlights the recent downtrend.

However, if Bitcoin breaks through and closes above $107,500 with confidence, this could resume the bullish momentum with a potential target from $110,000 to $112,000.

The 4-hour chart reflects a short-term bullish structure after Bitcoin bounced off the base around $102,816. Notably, the emergence of a potential double bottom pattern around $102,800 signals a reversal.

Volume activity during the recent rise supports buying interest, especially around the $104,000 level.

A wise long-term entry could be between $104,000 and $105,000, with resistance expected at $107,500.

Profit taking may be considered around $108,000, provided momentum is maintained.

On the hourly chart, Bitcoin experienced a V-shaped recovery, rising from $104,532 to a peak of $107,251 before entering a consolidation phase.

This pattern, possibly forming a bullish flag, indicates the possibility of further growth if price movements exceed $107,250.

The volume during the recovery confirms bullish intentions. A breakout above this level could lead to price increases up to $108,500, provided support at $106,000 is maintained.

Bullish verdict:

If Bitcoin decisively breaks the $107,500 level with increasing volume, it could confirm a bullish continuation pattern, potentially targeting the $110,000–$112,000 resistance zone.

The convergence of most exponential moving averages and the presence of bullish structures on the 1-hour and 4-hour charts support the possibility of short-term growth.

Bearish verdict:

If Bitcoin fails to break the $107,500 level and instead drops below the $104,000 support level, bearish momentum may re-establish itself. Weak volume during the recovery, sell signals from momentum-based oscillators, and recent bearish patterns on the daily chart may indicate a return to the $100,000 support area.