$BTC / USDT Analysis - June 16, 2025

Bitcoin (BTC/USDT is trading at ~$106,500, up 1.2% daily, showing resilience after finding support at the 38.2% Fibonacci retracement (~$105,500) from the June 13 dip. The 4-hour chart indicates a bullish rebound off the ascending triangle's support trendline, with the Ichimoku Cloud reinforcing bullish momentum. Key resistance lies at $107,500-$108,000, with a breakout potentially targeting $109,000-$110,000. Support holds firm at $105,500-$106,500, aligning with the 50-day EMA.

However, mixed signals persist: Bitcoin Dominance (BTC.D) below 64.67 suggests altcoin strength, potentially capping BTC’s upside. A close below $106,406 could signal further downside. Traders should watch for a confirmed breakout above $107,500 for long entries or a drop below $104,700 for bearish setups. Always use proper risk management.