* Conversely, some expert predictions for June 2025 have aimed for higher targets like $110,000 to $125,000, contingent on favorable macroeconomic developments and continued institutional interest.
Possible Scenarios for the Next 24 Hours (4-hour candles):
Given the current market situation, here are some hypothetical scenarios and levels to consider for the 4-hour chart:
1. Consolidation with minor fluctuations:
* Likely Outcome: Bitcoin might continue to trade within its established range, possibly between $103,000 and $107,000.
* Candle Appearance: 4-hour candles would likely show relatively small bodies with wicks extending both up and down, indicating indecision in the market. Volume might be moderate.
* Reasoning: This scenario suggests a period of calm after recent movements, with neither buyers nor sellers taking dominant control.
2. Bearish Pressure / Retesting Support:
* Key Levels to Watch:
* Immediate Support: $103,600
* Stronger Support: $100,000 - $102,000 (psychological level and potential lower support band)
* Critical
* Reasoning: If recent internal weakness or selling pressure continues, Bitcoin could test and potentially break lower support levels.
3. Bullish Momentum / Attempting to Break
* Immediate Resistance: $107,000 - $108,000
* Breakout Level: $109,000
* Recent High / Strong Resistance: $110,500 - $112,000
* Candle Appearance: Bullish candles (green/upward) with potentially longer upper wicks if resistance is met. Increased volume on upward moves would signal stronger buying interest.
* Reasoning: If bullish sentiment from experts or positive news emerges, Bitcoin could attempt to reclaim higher price points. Strong ETF inflows or positive economic data could be catalysts.
Important Considerations for 4-Hour Chart:
* Volatility: Short-term predictions are highly susceptible to sudden news or large orders.
* Volume: Look for increased volume accompanying strong price movements to confirm their validity. Low volume can indicate weaker moves.