#VietnamCryptoPolicy

Bitcoin Price Analysis Today – June 16, 2025

Bitcoin is currently trading near the level of $106,900 after a slight recovery of 1.3% over the last 24 hours, driven by strong inflows from ETF funds. Technically, indicators like Bollinger Bands and MACD suggest positive momentum that could push the price to test resistance between $107,000 and $108,000. Conversely, the level of $104,500 represents critical support, and breaking it could bring the price back toward $101,000. Geopolitical influences, especially the Iranian-Israeli conflict, continue to cast a shadow over the market and increase volatility. As long as Bitcoin maintains trading above $104,000, the short-term outlook remains bullish with a possibility of targeting $110,000.

Sources: CoinDesk, Coin Edition, Medium, WSJ, Barron’s, Economic Times.