$BTC
🔍 Technical Analysis for BTC/USDT Pair - Timeframe 4 Hours
📅 Date: June 16, 2025
📈 Current Price: $107,037
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✅ Overview: Bitcoin shows positive signals after a clear rebound from support at $100,372, and is currently stabilizing above the moving averages, reinforcing positive short-term expectations.
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📊 Technical Indicators:
Moving Averages (MA):
The price has broken above MA-7 and MA-25, indicating the start of bullish momentum.
Relative Strength Index (RSI):
RSI(6) at 76.4 = Overbought area, which may indicate a potential short-term correction before continuing the rise.
MACD:
Clear positive crossover between the MACD and Signal lines with rising histogram = accelerating bullish momentum.
Trading Volumes:
Significant increase in volume = confirmation of the strength of the upward movement.
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🔁 Supports and Resistances:
Strong Support: $104,330 – $102,100
Next Resistance: $108,800 then $110,500
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📌 Conclusion: Bitcoin is attempting to break through important resistances after confirming a strong rebound from critical support levels. The continuation of upward momentum depends on surpassing the $108,800 level. Caution is advised for short corrections due to overbought conditions.
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