The weekly chart shows a "bullish engulfing" pattern, indicating strong buying momentum after a period of correction. Trading currently ranges around $103–106 thousand, with a key resistance at ~110 thousand and immediate support at ~103 thousand. FXEmpire (June 20) indicates that any pullback is considered a buy-the-dip opportunity, while Cointelegraph warns of a "death cross" crossover and the necessity to maintain support at $101.5 thousand to avoid a deeper correction. Potential scenario: a breakout above $110 thousand leads to a test of $115–118 thousand, while a break below $103 thousand could pull the price down towards ~97–93 thousand.