Bitcoin is trading around $106,000, showing a modest intraday gain after hovering near $104,500–$105,000 over the past couple of days. The market remains range-bound between roughly $103,400 and $105,600, caught in a symmetrical triangle pattern amid decreasing volatility indicators like MACD and Bollinger Bands. Analysts suggest key resistance lies around $105,500–$106,000, with a breakout potentially driving BTC toward $107K–$108K, while a breakdown could test support near $103K. Broader sentiment is cautious, as geopolitical tensions and signals from the U.S. Federal Reserve add uncertainty. Traders are keeping a close eye on June 22, a date highlighted by analysts as potentially significant for Bitcoin’s next directional move, as market momentum may shift sharply in either direction.
