Here is a detailed analysis of the current state of Bitcoin (June 11, 2025):
📈 Technical Overview
The downtrend line was broken above the ~108,970$ level, and trading is above the 50, 100, and 200 moving averages, reflecting a short-term bullish momentum.
The 50-day moving average is at record levels, but the proximity of the price indicates a potential correction – the price could drop by approximately 10% before resuming its upward trend.
Immediate technical support at ~107,000$; closing above it reinforces the targeting scenario for positive movement toward the next resistance.
📊 Key Levels
Resistances: ~110,000–112,000$ (at historical peaks). A stable breakout above 112,000$ could drive the price towards ~120,000$ or more.
Supports: 107,000$ and 100,000$. A breakout below 104,000$ could pull the price down towards ~95,000$.
The entry of major companies like MicroStrategy in a strong manner, and the establishment of Bitcoin's strategic reserve in the United States, boosts long-term confidence in the asset.
✅ Conclusion:
Bitcoin is approaching a ⚠️ dangerous and bullish area; technical support indicates strength, but any downward breakout below 104K could impose a quick correction. For observers, current momentum signals bode well for an upward movement if the stable economic situation continues and institutional flows persist.
