$BTC
(BTC) market status as of June 17, 2025, based on available data and trends:
1. Current Price: Bitcoin is trading around $105,867.62 to $107,675.34, down 0.87% intraday, reflecting short-term volatility.
2. Market Sentiment: The market shows cautious optimism with a Fear & Greed Index at 61 (Greed), indicating bullish sentiment despite recent dips.
3. Recent Performance: BTC is up 12.82% over the past week and 5.49% over the last month, showing strong upward momentum.
4. Technical Indicators: The Relative Strength Index (RSI) is at 52.96 (neutral) on a 14-day timeframe, suggesting neither overbought nor oversold conditions.
5. Support and Resistance: Key support is near $102,000–$104,000, with resistance at $108,143–$110,000. A break above could target $120,000.
6. ETF Inflows: Spot Bitcoin ETFs continue to drive demand, with $36 billion in net inflows since January 2024, boosting institutional adoption.
7. Geopolitical Impact: Recent Israel-Iran tensions have increased volatility, causing a 0.35% intraday drop and $1.2B in leveraged liquidations.
8. Market Cap: Bitcoin’s market cap is approximately $2.12–$2.14 trillion, dominating 66% of the total crypto market.
9. Moving Averages: The 50-day SMA ($103,763) is rising, supporting a bullish medium-term trend, while the 200-day SMA ($87,537) indicates a strong long-term trend.
10. Price Forecasts: Analysts predict BTC could reach $120,000–$175,000 by year-end, driven by ETF inflows and global liquidity, though regulatory risks remain.
