$BTC

The price of Bitcoin today, June 12, 2025, recorded a slight decline to around $107,300 after reaching its highest level yesterday at $110,400, reflecting a healthy corrective movement following a continuous upward trend. Technical analyses indicate that the upward trend is expected to continue in the near term, supported by the formation of a 'cup with handle' pattern and a break of the 'flag' pattern, with close monitoring of the critical resistance at the $112,000 level, which could open the door for targeting $115,000 if breached firmly. Conversely, strong support levels are observed between $107,000 and $102,000, indicating a potential bounce area in the event of increased selling pressure. On the fundamental side, the decline in the supply of Bitcoin on exchanges by 14% since the beginning of the year highlights expectations for additional upward movement due to the decrease in supply and increased demand, especially from institutional investors. Psychological indicators reflect a clear sense of optimism in the market, as the degree of 'greed' has notably increased with the highest rate of positive interaction recorded in months. All these factors combined suggest that Bitcoin still retains its upward momentum, despite some momentary fluctuations, awaiting new catalysts that may push it to surpass the current resistance and embark on new record levels.