Here is a comprehensive analysis of Bitcoin's price movement (BTC) on June 20, 2025:
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📌 Today's market outlook:
The price is oscillating between ~ $102,600 and $106,450, currently closing around $103,300.
It witnessed a slight increase (≈+1.1%) at the start of the day reaching $106,081, driven by improved risk sentiment due to some easing between the United States and Iran.
Nevertheless, the food sector denied a slight decrease (~‑0.14%) as the price continues to rest above the support area of $104,000–$104,300.
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🎯 Short and medium-term technical indicators:
The reference part i) The oscillation triangle has been showing since May within the range of $103,400–$105,600. ii) The 21-day average at ~ $105,800 represents the current technical resistance.
Technical momentum: RSI indicator ~44 (slight downward bias), MACD is directionless, and Bollinger Bands are narrow – indicating a period of stability paving the way for a near price explosion.
Options data: Open interest is centered around strikes of 104–105k, with a slight bias towards puts, reflecting cautious or neutral short-term expectations.
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💡 Upcoming scenarios:
Status Breakout Next target
Rise Daily close above ~ $105,500–$105,800 $108k, then -$120k depending on momentum.
Drop broke below $103,400–$104,000 testing -102k, then -100.6k, and possibly ~98–96k.
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🌐 Macroeconomic factors:
Political/Economic: The decision for a third suspension of relations with Iran currently, and the dollar/global market expectations are influencing traders' sentiment.
Federal Reserve policy: Maintaining interest rates has stimulated stability in cryptocurrencies, with hints of possible cuts in 2025.
Institutional liquidity emissions: Data shows a gathering of capital blocks as major institutions appear to be buying accompanied by signals of a desire for a rise to $120k–$125k.
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✅ Conclusion:
The price today is in a phase of accumulation and technical pressure within a defined range. The market direction (upward or downward) depends on a clear breakout of resistance or support today or tomorrow, especially near the area of $105.8k–$108k for the bulls, and $103.4k–$102k for the bears.
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As a professional trader, I advise you to monitor these levels, using stop-loss strategies around critical technical boundaries, and to proceed with a clear breakout either upwards or downwards.
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