#MetaplanetBTCPurchase

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 such as Bollinger Bands and MACD suggest positive momentum that may 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 drive the price back toward $101,000. Geopolitical effects, especially the Iranian-Israeli conflict, continue to cast shadows over the market and increase volatility. As long as Bitcoin maintains trading above $104,000, the short-term outlook remains bullish with the potential to target $110,000.

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