$BTC BTC Technical Analysis – Conclusion (June 9, 2025)

Bitcoin (BTC) is currently trading around $105,500, showing signs of consolidation just below a key resistance level at $106,100. The overall trend remains bullish, supported by strong higher time-frame moving averages (50/100/200-day), all of which sit well below the current price. Short-term indicators like the RSI (~52) and MACD (slightly positive) suggest a balanced but slightly bullish market sentiment.

BTC’s price action over the past few days shows resilience, with higher lows and stable volume, hinting at accumulation rather than distribution. If BTC manages to break above $106,100 with solid volume, it could open the door for a move toward the $108,000–$112,000 range. However, if the price dips below the $105,000 support level, a short-term correction to $103,000 or even $101,000 may occur.

Overall, BTC is in a strong uptrend with temporary consolidation. Traders should watch for a confirmed breakout or breakdown from the current range to determine the next directional move. Caution is advised during low-volume periods, as they may lead to false breakouts. For now, the bullish case holds unless key support levels fail to maintain momentum.