Bitcoin ($BTC BTC) is currently experiencing a short-term bearish trend, trading around $104,000-$106,000 as of June 20, 2025, down from its all-time high of $112,509.65 in May. Recent market volatility, driven by geopolitical tensions and macroeconomic factors, has led to a 4.94% weekly decline. Technical indicators suggest a breakdown from a rising trend channel, with support near $102,400 and resistance at $106,000. Negative volume balance and bearish RSI divergence signal potential further downside. However, long-term sentiment remains bullish, supported by institutional adoption and Bitcoin’s 60.51% yearly gain. Swing traders may find opportunities in range-bound price action, with key levels to watch for breakouts or reversals.