MrSmile97
--
As of June 28, 2025, at 2:12 PM PKT, Bitcoin (BTC) is trading at approximately $107,063.58, boasting a market capitalization of $2.13 trillion and a 24-hour trading volume of $43.1 billion, reflecting a robust recovery from a recent dip to $98,000 triggered by Israel-Iran geopolitical tensions, followed by a rebound to $106,700 after a ceasefire announcement.
Technically, BTC exhibits a bullish trend, trading above its 10, 20, 50, 100, and 200-day EMAs, with key support levels at $103,110 (50-day EMA), $98,807 (100-day EMA), and $93,092 (200-day EMA), and resistance at $108,700 and $110,800–$112,000.
A golden cross between the 50-day and 200-day moving averages signals strong momentum, while a forming bullish flag pattern suggests a potential breakout toward $120,000–$125,000 if BTC clears $108,700, though failure to hold $103,110 could see prices drop to $95,000–$100,000.
The 14-day RSI at 54.84 (daily) and 63.48 (weekly) indicates neutral conditions with room for growth, but a low ADX of 13.27 hints at possible consolidation.
Macroeconomic factors, including a weakening U.S. Dollar Index and anticipation for the Federal Reserve’s May 7, 2025, rate decision, further support BTC’s appeal, though geopolitical risks and potential regulatory tightening under frameworks like EU’s MiCAR pose threats.
Market sentiment on X is 82% bullish, with the Fear & Greed Index at 0 signaling potential for a sentiment-driven rebound, bolstered by whale accumulation of 122,330 BTC over six weeks.
Short-term forecasts suggest a range of $104,886–$108,260 for June 28–30, with an average of $106,826, and optimistic projections eyeing $119,730–$137,189 by month-end, contingent on catalysts like the U.S. jobs report.
$BTC
Technically, BTC exhibits a bullish trend, trading above its 10, 20, 50, 100, and 200-day EMAs, with key support levels at $103,110 (50-day EMA), $98,807 (100-day EMA), and $93,092 (200-day EMA), and resistance at $108,700 and $110,800–$112,000.
A golden cross between the 50-day and 200-day moving averages signals strong momentum, while a forming bullish flag pattern suggests a potential breakout toward $120,000–$125,000 if BTC clears $108,700, though failure to hold $103,110 could see prices drop to $95,000–$100,000.
The 14-day RSI at 54.84 (daily) and 63.48 (weekly) indicates neutral conditions with room for growth, but a low ADX of 13.27 hints at possible consolidation.
Macroeconomic factors, including a weakening U.S. Dollar Index and anticipation for the Federal Reserve’s May 7, 2025, rate decision, further support BTC’s appeal, though geopolitical risks and potential regulatory tightening under frameworks like EU’s MiCAR pose threats.
Market sentiment on X is 82% bullish, with the Fear & Greed Index at 0 signaling potential for a sentiment-driven rebound, bolstered by whale accumulation of 122,330 BTC over six weeks.
Short-term forecasts suggest a range of $104,886–$108,260 for June 28–30, with an average of $106,826, and optimistic projections eyeing $119,730–$137,189 by month-end, contingent on catalysts like the U.S. jobs report.
$BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
107,341.33
+0.55%