The BTC/USDC pair is holding steady in a classic rangebound pattern as of June 19, 2025. Bitcoin is trading near $104,900, recovering slightly after a false breakout below $104,521, with the next resistance eyed at $106,000. Despite a modest 0.53% uptick, neither bulls nor bears have taken control, and low trading volume hints at sideways action in the days ahead.
Technical traders are eyeing a bullish cup and handle formation on the daily chart, but short-term momentum favors the bears, especially with the FOMC meeting adding a dose of uncertainty. The USDC/BTC rate sits at 0.000009588, reflecting a marginal 0.43% move in the last 24 hours.
With RSI dipping toward oversold on the hourly, watch for potential volatility spikes. For now, BTC/USDC traders should expect consolidation, with key levels at $102,500 (support) and $106,000 (resistance) defining the range
