$BTC The price of Bitcoin on June 18, 2025, is $104,323, supported by a market capitalization of $2.07 trillion and a 24-hour trading volume of $33.61 billion.

Daily fluctuations in the range of $103,630 to $105,886 demonstrate that Bitcoin has remained above the $100,000 threshold for 42 consecutive days, signaling sustained interest from investors despite signs of weakness.

The daily chart shows that Bitcoin is consolidating in a clearly defined range between $104,000 and $109,000, capped by strong resistance at $112,000.

Price movements indicate a distribution phase, as red volume spikes near peaks hint at selling pressure from major market participants.

Key support has formed around $100,426, a psychologically significant level that is regularly tested and held. A daily close below this threshold could trigger a decline, while a breakout above $112,000 would resume the bullish continuation trend.

From a 4-hour perspective, Bitcoin shows signs of weakening momentum.

The formation of a lower high at $108,990 and a retest of support at $102,816 indicate a narrowing range with a bearish tint.

The current price range from $104,000 to $105,000 is witnessing consolidation amid decreased attempts to rise.

Market participants may consider short positions if the price bounces back to the $107,000–$108,000 area and fails to hold, with target exit levels around $103,500.

A breakout above $109,000 with volume could negate this bearish setup and switch to a short-term bullish sentiment.

Zooming in on the 1-hour chart, Bitcoin recently plummeted from $107,773 to $103,388, entering a minor consolidation marked by indecisive doji candles and small bodies.

A decrease in volume reflects low conviction, with sellers continuing to control the situation unless buyers enter the market above $105,000 with volume support.

Short positions below $104,000 remain viable with targets around $103,000, while any attempt to move above $106,000 will require confirmation through a sustained breakout. Until then, the short-term sentiment remains bearish.

Bullish verdict:

A breakout above $112,000 will signal a resumption of bullish strength, confirming the continuation of a larger upward trend.

With support from long-term moving averages and a 42-day series of Bitcoin above $100,000, buyers remain in a good position if momentum returns, especially if volume confirms upward movement through key resistance zones.

Bearish verdict:

Inability to defend support at $100,000 may lead to a broader correction, as intraday charts reflect weakening momentum, and selling pressure dominates over growth.

With short-term moving averages and momentum oscillators aligned with bearish signals, the market risks entering a deeper downward trend if buying does not resume soon.