🚀 BTC/USD Urgent Update: What’s Happening on the Chart? 📊🔍
The image you provided is a 1-day candlestick chart for Bitcoin (BTC/USD) on Binance, captured at 4:02 PM PKT on Wednesday, June 18, 2025. Let’s break down the action!
Current Price:
BTC is trading at $104,299.45, down -0.21% with a recent drop of $218.77. A slight dip, but the chart holds key insights!
Support Zones:
$99,183.92 - $97,811.55: The immediate support range, a critical floor from recent lows.
$94,000.00: A strong historical support level if the price continues to slide.
Resistance Zones:
$105,016.89 - $106,095.34: The next resistance range, where BTC has faced pushback recently.
$111,943.81 - $115,074.37: Higher resistance zones, including the recent all-time high (ATH) area around $112K. A break here could spark a rally!
Trend Insight:
The chart shows a recent pullback from higher levels, with the price testing support around $104K. The overall trend since May has been bullish, but the current consolidation suggests a potential pivot point. The red candlestick indicates selling pressure, though volume remains moderate.
Next Move:
If BTC holds above $99,183.92 and breaks $106,095.34 with volume, it could target $111,943.81 or higher toward the ATH. A drop below $97,811.55 might test $94,000.00. Watch for confirmation with price action and volume!
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