🚀 Bitcoin Price Update – Strong Bullish Signal (June 7, 2025)
Pair: BTC/USDT
Current Price: $105,807.42
24h Change: +1.54%
24h High/Low: $105,884.46 / $103,871.09
Technical Indicator Focus: Parabolic SAR (PSAR), Price Action, Volume
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📈 Market Summary:
Bitcoin (BTC) is showing renewed bullish strength as the price breaks above key resistance, nearing the 24-hour high of $105,884.46. The current hourly candlestick pattern reveals strong upward momentum with consistent higher lows, supported by an uptrend in the Parabolic SAR, currently at $105,190.70 — significantly below the current price, confirming a bullish signal.
📊 Technical Indicators:
Parabolic SAR (0.02, 0.2): Clearly below the current price, confirming a strong buy signal.
Volume: Substantial trading activity with 8,771.93 BTC traded in the past 24 hours, amounting to $921.49 million USDT, suggesting strong market participation.
Order Book: Buy-side pressure at 44.40% vs sell-side 55.60%, indicating potential for short-term consolidation but underlying strength.
Recent Performance:
Today: +0.20%
7 Days: +1.26%
30 Days: +4.41%
90 Days: +27.95%
1 Year: +53.00%
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🧠 Analysis & Signal:
Bitcoin is in a clear short-term bullish breakout phase with multiple technical confirmations:
Strong price support above $105,000
Momentum continuation likely toward $106,000 and above
PSAR supports an ongoing uptrend; no sign of reversal yet
🟢 Signal: STRONG BUY
Target Levels:
Short-term: $106,500 – $107,200
Mid-term: $110,000
Support Levels:
Immediate: $105,190
Strong: $103,870 (24h Low)
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⚠️ Risk Note:
Markets remain volatile. Use stop-loss protection and watch key resistance at $106,000. A failure to break higher could trigger a pullback to the $104,500 range.
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🔔 Stay tuned for further updates and trade responsibly.
This is not financial advice. Always do your own research.
--$BTC