Specific Price Forecast $BTC for the evening of June 29, 2025
🍋Most Likely Scenario (Consolidation/Minor Bounce):
Considering the RSI, it is likely that the price will find support at current levels or slightly below (e.g., 107,500 - 107,700), and then attempt to consolidate or slightly recover to 107,900 - 108,100 by the end of the day.
🍋Bearish Scenario (Breakdown):
If the support at MA(99) (around 107,500) is broken, the price may fall further, potentially testing levels around 107,300 or even 107,154 (24-hour minimum).
🍋Bullish Scenario (Strong Recovery): A strong recovery would involve a breakout above the 7-period and 25-period MAs and a move to 108,300 or higher. This is less likely in the near short-term, given the current momentum.
🚨🚨🚨Recommendation:
Watch for Support: Keep a close eye on the level of 107,500.
Monitor RSI: A bounce from oversold territory would confirm a potential rebound.
Beware of Volatility: Use stop-loss orders when trading.