$BTC As of the morning of June 16, Vietnam time, the world's largest cryptocurrency - Bitcoin - increased by 0.08% to 105,726 USD. Most altcoins also increased, with Ethereum increasing by 1.3% to 2,568 USD; XRP added 1.25% to 2.17 USD. Meanwhile, Solana and Cardano simultaneously added 6.68% and 2.07%

In the memecoin group, Dogecoin decreased by 1.07%, while TRUMP added 0.32%. The total global cryptocurrency market capitalization is currently around 3,290 billion USD, with a trading volume of 82.94 billion USD in the past 24 hours.

Bitcoin found support at the 50-day simple moving average (SMA 50) at $103,604 late last week, but bulls are struggling to push the price above the 20-day exponential moving average (EMA 20) at $106,028, a sign that demand at higher levels is waning. Both the flat 20-day EMA and the relative strength index (RSI) hovering near the midpoint indicate that the market is not yet in favor of either the bulls or the bears. If bulls push the price above the 20-day EMA, BTC/USDT could rise to the resistance zone of $110,530 - $111,980. As expected, selling pressure will increase at this zone, but if bulls prevail, the price could break out to $130,000. On the other hand, if the price falls below the 50-day SMA, the important psychological level of $100,000 could be tested. If this level is broken, Bitcoin risks falling further to the $93,000 region.