#BTC
🔍 Updated Technical Analysis – June 12, 2025
1. Price Action & Structure
Current Range: BTC is consolidating between $106.7K (support) and **$110.5K (resistance)** .
Record Context: The all-time high peaked near $111.97K on May 22, 2025 .
2. Chart Patterns
A bullish flag breakout appeared earlier this week, but BTC has since pulled back, re-testing its flag range .
Watch for either a breakdown below $106.7K (flag support) or a breakout above $110.5K, confirming the pattern.
3. Key Zones to Watch
Support: $106.7K – current floor
Next support: $100K – strong psychological and technical zone from mid-May .
Resistance: $110.5K – short-term ceiling .
Upside targets: $112K (ATH) and $137K if a strong breakout occurs .
4. Momentum Indicators
RSI: Near-neutral (mid‑range), indicating no extreme momentum.
MACD/EMA: Slight bullish bias, but indecision persists until volume confirms a move.
5. Macro & On‑Chain Factors
Traders await ETF inflows—Invesco and WisdomTree posted zero on June 12, suggesting a neutral institutional stance .
A weaker USD and talks of Fed rate cuts support BTC's bullish backdrop .
📌 Summary
Bitcoin is consolidating in a tight range ($106.7K–$110.5K) after a potential bull-flag breakout. Watch volume and momentum:
Bull scenario: Close above $110.5K with strong volume → next targets $112K → $137K.
Bear scenario: Drop below $106.7K → deeper test toward $100K.
Institutional ETF flows are flat today—momentum may shift once inflows resume. Overall outlook: cautiously bullish, awaiting breakout confirmation.
