Bitcoin Price Watch: Price Holds Above $105K as Technical Reversal Builds:
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Bitcoin is trading at $105,138 as of June 24, 2025, with a market capitalization of $2.09 trillion. Its 24-hour trading volume stands at $52.63 billion, within an intraday price range of $100,177 to $105,927, reflecting a strong rebound from recent lows and renewed market activity.
Bitcoin:
On the daily chart, bitcoin shows signs of a reversal after a pronounced mid-term downtrend from $112,000 to a recent low near $98,240. A bullish reversal candle accompanied by increased volume suggests renewed buying interest. The current support level sits firmly at $98,000, while resistance looms between $106,000 and $108,000. Maintaining a position above $104,000 is critical for sustaining this upside momentum. The daily bias remains cautiously optimistic, contingent on price action staying above this threshold.
The 4-hour bitcoin chart reveals a pronounced V-shaped recovery, reinforcing the bullish short-term narrative. After bottoming out at $98,240, bitcoin surged with strength, supported by rising green volume bars and consolidation just below the $106,000 resistance. A breakout above $106,500, especially with volume confirmation, could pave the way for a move toward $108,000 or higher. This timeframe reinforces active bullish participation, suggesting upward continuation if critical resistance is cleared.