#BTC
📉 Bitcoin Technical Update – June 13, 2025
Current Price: ~$105,100
24‑hr Change: ~−2.45% (down from ~$108,700 yesterday), intraday range between ~$103,080 and ~$107,820
Weekly Trend: Decline from ~$110K early in the week to ~$105K amid geopolitical turmoil
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🔍 Key Technical Patterns
Daily Chart:
Price has broken below a short-term uptrend from last week—bears are gaining control.
Testing support near $103K–$105K. Breakdown below $103K could trigger a move toward $100K–$102K.
RSI (Daily): Neutral to slightly bearish; below 50 with downward trajectory.
MACD (Daily): Histogram contracting, MACD line below signal—suggesting increasing bearish momentum.
Volume: Elevated on today’s drop, indicating strong conviction behind selling.
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📌 Strategic Setups
Bearish Scenario:
Entry: Short on break under $103K
Targets: $100K, then $97K
Stop‑Loss: Above $105K
Bullish Scenario:
Entry: Long on reclaim above $108K
Targets: $110K then $112K–$115K
Stop‑Loss: Below $106K
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⚠️ Risk Considerations
Geopolitics: Israel–Iran tensions triggered today’s dip (~$103K low)
Macro Risks: With risk-off sentiment, crypto assets suffered while traditional safe havens—USD, gold—gained
Event Risk: Upcoming macro data (inflation, Fed commentary) could add volatility.
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🧭 Summary
A sharp rejection initiated a short-term downtrend as Bitcoin broke below its minor uptrend, with crucial support at $103K–$105K. Watch for clean breakouts:
Bearish breakdown signals further correction
Bullish reclaim hints at rally continuation
