BTC/USDT chart shows a recent upward trend as of June 25, 2025. Key observations:
Price Action: BTC has broken above a previous resistance zone around $105,396-$105,426 and is currently trading near $107,283.26, reflecting a 1.1% increase.
Moving Averages: The 50-period (green) and 200-period (purple) moving averages are trending upward, with the price staying above both, indicating bullish momentum.
Point of Control (POC): The POC appears to be around $104,054-$104,528 (based on volume profile), a significant support zone where price has historically consolidated.
Confluence Zones:
Support: $104,054-$104,528 (POC) aligns with the 200-period MA, offering strong support.
Resistance: $107,727-$108,000, where previous highs and a psychological level coincide.
Breakout Zone: The recent move above $105,396 suggests potential for further upside if momentum holds.
Volume: Increased volume on the recent uptrend candles supports the breakout, though a pullback to the POC could test support.
Watch for a retest of $104,054-$104,528 for confirmation of support, with potential targets near $108,000 if resistance breaks.