$BTC

Bitcoin (BTC) Technical Analysis (June 20, 2025)

Bitcoin is trading around $104,359-$104,714 on Binance (BTC/USDT), down 0.20%-0.50% in 24 hours, with a market cap of $2.08 trillion. Short-term (1H-4H), BTC shows bullish momentum, breaking above the Ichimoku Cloud and forming higher lows along a rising trendline. However, rejection at $108,500 and liquidity sweeps suggest caution. Moving averages signal a strong buy, but oscillators (RSI, MACD) are neutral. Key support is at $102,400-$103,000; resistance at $106,000-$108,500. A breakout above $106,000 could target $110,000.

Medium-term (daily-weekly), Bitcoin has broken a rising trend channel, indicating slower growth or consolidation. Volume balance is negative, reflecting selling pressure. Weekly charts show a buy signal, but daily charts lean bearish. Support at $99,000 and resistance at $110,000-$111,100 are critical. Long-term (monthly), BTC remains in a rising trend with a strong buy signal, supported by institutional ETF inflows ($480M recently) and stablecoin growth, despite geopolitical tensions impacting sentiment.

Trading Strategy: Scalp breakouts above $106,000 or dips to $99,400-$102. Swing trade pullbacks to $99,000 targeting $110,000. Use tight stop-losses and monitor X posts for sentiment shifts. Risk management is crucial due to high volatility.