The value of bitcoin is consolidating in a traditional scheme, which normally ends in sharp breakouts.
Technical analysts, among them MMCrypto, predict a significant turn in the next 14 days, and it would determine the direction in the coming weeks.
Even though trading in Bitcoin is voluminous, the currency lost 2.30% on June 17, which is a positive indicator of uncertainty in the market.
Bitcoin is once again at the center of market attention as traders brace for what could be a defining moment in its current cycle. Technical indicators are signaling, and analysts are cautioning that the next 2 weeks may redefine the trend of the most popular cryptocurrency in the world. Momentum in the market is, of course, gaining strength, but the recent price pullback has put a question mark over it. As the volatility is increasing, the next direction of Bitcoin is as unpredictable as it is explosive.
Technical Patterns Point to Imminent Bitcoin Breakout
According to MMCrypto, Bitcoin is on the verge of a significant breakout as it approaches the apex of a symmetrical triangle pattern on the daily chart. In a tweet posted on June 17, 2025, MMCrypto emphasized that the final major move of the current cycle could occur within the next 14 days.
The chart depicts compression price behavior between rising support and falling resistance lines, a technical setup that is commonly followed by high volatility.
The graphical display of the trend indicates that the price of Bitcoin may soon break above the resistance at $ 109,500 or dive below the support at 102, 000 and this may already begin to develop a strong trend in either direction. The pointed nature of the triangle suggests that this is a time of price squeezing, and these are known to lead to explosive price action as soon as it breaks out.
This development has drawn close attention among traders and investors, and the consequences that follow might define the next big wave to behold in the marketing dynamics of Bitcoin in July. The clock is ticking, so MMCrypto cautions the market participants to prepare to face volatility in the next couple of days.
Market Volatility Surges as Traders Await Decisive Price Move
On June 17, 2025, the sharp intraday decline in Bitcoin occurred, and by scale, the cryptocurrency plunged by 2.30% to the value of 105,192.80 dollars based on CoinMarketCap data. But the increase in the 24-hour trading volume by 22.09% (that is, almost 54 billion dollars) led the market to a bearish attitude, pulling the market cap down to the level of 2.09 trillion.
Bitcoin had peaked earlier in the morning and was briefly above 107,000 dollars, then turned around in an afternoon session and finally dropped below the 106,000 support. The movement is seen as the asset approaches a major technical breakout area that has been identified by analysts, giving height to the growing speculation regarding the direction that Bitcoin will be the next big move be.
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