๐จ BTC Price Alert: Is Bitcoin Setting Up for a Major Bounce or Breakdown? ๐๐
As of 7:00 PM PKT, June 22, 2025, Bitcoin (BTC/USDT) is trading at $100,792.63, showing a 1.36% decline (-$1,387.88). Letโs break down what the 1D chart tells us โ and where BTC could be headed next! ๐งญ๐ฅ
๐ Quick Overview:
Current Price: $100,792
24h Change: -1.36% ๐
Range: $100,268.75 โ $103,776.00
Volume: 507,679 BTC / $2.03B
Trend: Short-term bearish momentum continues ๐ป
๐ Technical Indicators:
๐ RSI (6): 27.16 โ oversold, potential bounce incoming โ ๏ธ
๐ Bollinger Bands (20, 2): Price hugging the lower band ($100,945), often a reversal zone ๐
๐ Moving Averages:
5 MA: $761.96
10 MA: $445.98
BTC is trading below both MAs โ bearish short-term signal โ ๏ธ
๐ง Chart Insights:
๐ฅ Recent candles show a steep fall from $102,831 โ $100,268, yet weโre now seeing a small recovery.
๐ฉ If BTC holds above $100,500, it could spark a bullish bounce, especially with increasing volume.
๐ฎ Potential Scenarios:
๐ข Bullish Setup:
๐ If support holds at $100,268, BTC may target:
๐ฏ $102,831 (resistance)
๐ฏ $103,594 (upper Bollinger Band)
โ Confirmation: Green close above 5 MA + rising volume.
๐ด Bearish Breakdown:
โ ๏ธ If BTC breaks below $100,268, it may dip toward:
๐จ $99,945 or lower support zones
๐ซ Weak RSI & low volume could extend the drop.
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