The BTC price is consolidating below important EMAs as resistances. These are:
- EMA 50 and 200 of the 2-hour TF, currently in the range of $105,980-$106,110.
- EMA 50 of the 3-hour TF, currently $106,207.
- EMA 50 of the 4-hour TF, currently $106,230.
- EMA 50 of the 6-hour TF, currently $106,277.
- EMA 50 of the 8-hour TF, currently $106,196.
- EMA 50 of the 12-hour TF, currently $105,659.
As can be seen, in general, we are talking about a very dense range of resistances from EMAs, this range is $105,659-$106,277.
Approximately there, the trend resistance with ATH May 22 is also present.
A breakout of this range could lead to an impulsive rise. Because the price volatility index #BTC in the last two days, although in a local range - maintains an upward structure with the potential peak of volatility on June 17-19.
But it is worth remembering that the volatility index can react in different price directions.
Are there any reasons to believe that the growth will continue? Based on what we focus on in the analysis - we see three reasons:
- The price has transitioned into a stable uptrend on the hourly TF. For the first time since June 11. Basic targets: $106,348, $106,744. But the level of potential breakdown is currently being tested.
- Markers of potential lows on the 8-hour TF, three and the fourth additional.
- Two of the three possible markers of potential lows on the 12-hour TF, and this signal works well.
In summary - today's low may become a turning point in the decline since June 9. It is important to hold around current prices and not show a strong drop.
Regarding important horizontal levels - a separate screenshot. As seen, it is important for bulls to return above $105,405. It is important for bears to push the price below $104,466.
Our experimental #futures_trade (long, opened from Strong signal potential low on the hourly TF by our indicator on June 13 with 125 leverage) has been trading in the profit range of +100-200% in the last two days.
Stop in positive breakeven, so the question is - either it will trigger, or we will increase the position upon confirmation of growth. In the first case, we will continue to observe and look for new signals for a large movement.
Overall, against the backdrop of events between Israel and Iran, Bitcoin is holding up decently. Given that the scale of the events there is threatening and the peak of escalation may already be behind.
Currently, the Iranian Foreign Minister Araghchi stated that Iran is ready to cease attacks on Israel if it stops strikes on their country. Iran is also ready to conclude an agreement guaranteeing that it will not possess nuclear weapons.
During this time, Israel has received massive strikes, confirming that the "Iron Dome" and their air defense system in general are not all-powerful. The scale of the damage is significant and hard to compare with past ones over the last year. Authorities are calling for the US to assist in an attack on Iran.
Meanwhile, President Trump is publicly showing that he is not interested in escalating and is calling for a deal between the parties.
In short, news triggers for a Bitcoin growth scenario are quite possible. Therefore, it is not worth ignoring reversal signals in favor of possible new news regarding shelling.
