$BTC The market has shown resilience despite geopolitical tensions (e.g., Israel-Iran conflict) and macroeconomic factors like global liquidity and ETF inflows. The current price is likely consolidating after a strong rally earlier in 2025, with key support and resistance levels guiding short-term movements.

Key Technical Indicators

Moving Averages (MA):

50-day MA: Likely around $103,000–$106,000, acting as dynamic support. A price above this level suggests short-term bullishness, but recent data indicates Bitcoin is near or slightly below this MA, signaling potential indecision.

200-day MA: Around $93,000–$95,000, serving as a critical long-term support. A golden cross (50-day MA above 200-day MA) formed earlier, reinforcing a bullish long-term trend.

Trend: The 50-day and 200-day MAs are sloping upward, indicating a strong underlying trend, though short-term bearish signals may emerge if the price fails to hold above the 50-day MA.

Support and Resistance Levels:

Support: Key support lies at $102,000–$104,000, aligning with recent swing lows and the 50-day EMA. A break below could target $98,000 or the 200-day EMA at $93,000.

Resistance: Immediate resistance is at $108,000–$110,000, with a stronger barrier at $112,000 (recent all-time high). A breakout above $112,000 could target $120,000 or higher.

Bullish Scenario: If BTC holds above $104,000 and breaks $108,000, it could rally toward $110,000–$112,000 by the end of June, driven by ETF inflows and positive market sentiment. A strong close above $112,000 may target $120,000.

Bearish Scenario: A close below $102,000 could signal a deeper correction to $98,000 or $93,000 (200-day EMA). Geopolitical shocks or profit-taking could exacerbate declines.

DYOR!!

Not Financial Advice