$BTC Has shown strong bullish momentum in Q2 2025, driven by institutional inflows (e.g., spot Bitcoin ETFs), post-halving supply dynamics, and positive market sentiment following regulatory clarity and U.S. political developments.

Key Technical Indicators:

Moving Averages (MAs):

50-day Simple Moving Average (SMA): Around $100,852 to $102,508, acting as a key support level. The 50-day SMA is trending upward, indicating a strong intermediate-term bullish trend.

200-day SMA: Around $91,781 to $97,312, also rising, confirming a long-term bullish trend. The 200-day SMA serves as a deeper support level.

The price is currently above both the 50-day and 200-day SMAs, reinforcing bullish sentiment.

Support and Resistance Levels:

Support:

Immediate: $100,000 (psychological and technical support, reinforced by recent rebounds).

Secondary: $90,000–$95,000 (aligned with 50-day and 100-day EMAs).

Deeper: $78,500–$81,000 (key macro support; a drop here could signal a bearish shift).

Resistance:

Immediate: $111,600–$112,000 (near the recent ATH). A break above this could target $120,000–$123,000 (200% Fibonacci extension).

Next: $130,000–$138,923 (projected for mid-June if bullish momentum continues).

Bullish Case: Bitcoin remains technically bullish, with strong buyer interest after a liquidity sweep around $100,000. A breakout above $111,980 with high volume could push prices toward $120,000–$130,000 by late June. Institutional ETF inflows and positive macroeconomic conditions (e.g., U.S. policy shifts) support this scenario.

Bearish Case: A failure to break $111,600 or a bearish RSI divergence could lead to a pullback to $100,000 or lower to $78,500–$85,000. Declining volumes or negative macroeconomic events (e.g., regulatory crackdowns or geopolitical tensions) could exacerbate this.