#BTC
📊 Bitcoin Technical Analysis – June 16, 2025
📈 Current Price: $106,853 (+1.7%)
⏩ Volatility Alert: MACD‑Bollinger Band spread is widening—a classic signal that big moves are coming.
🎯 Patterns to Watch:
Cup‑and‑handle formation targeting ~$114K
Golden Cross confirms bullish momentum
🛡 Key Levels:
Support: $104K (50‑day EMA), $103.2K swing base
Resistance: $107K intraday, $110K psychological, $111K–$112K breakout range
✔️ Strategy:
Bullish: Await breakout above ~$112K → upside to $114K–$120K
Bearish: Look for rejection at ~$108K → potential pullback to $104K–$103K
⚠️ Risk Control:
Long stops just below 50‑day EMA (~$104K)
Shorts stop above resistance (~$108.5K)
📊 With equity markets supporting and geopolitical pressure easing, BTC seems ready for its next leg. Stay nimble.
