🔥 Weekly Analysis of Bitcoin BTC | Are We on the Verge of a New Surge? 🚀
✅ Current Price: $102,868
📅 Date: June 21, 2025
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Bitcoin (BTC) has experienced limited volatility this week after weeks of strong upward movement. With some important global economic events approaching, markets have begun to anticipate, which has impacted BTC's performance.
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📊 Quick Technical Overview:
✅ Overall Trend: Bullish
🟢 Strong Support: $98,500
🔴 Next Resistance: $105,000 then $110,000
📉 RSI: Indicates nearing the overbought territory
🧭 Moving Averages: Price is above MA50 and MA200 → Strong positive signal
🔍 Weekly close with a Doji candle reflects market uncertainty, but it is often a signal for a new breakout soon!
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📰 Fundamental Factors Supporting the Price:
1. ✅ Increase in ETF flows towards Bitcoin
2. 📉 Stability of inflation rates in the U.S.
3. ⏳ Approaching the next Halving event
4. 💰 Major institutions showing interest in entering the crypto market
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🔮 What to Expect Next Week?
Scenario Expectation Strategy
Breakout at 105K Rise to 110K then 120K Gradual entry after confirming the breakout
Failure to rise and drop to 98K Buying opportunity at support Strong monitoring of the 94K level
📣 Summary:
Bitcoin is still on its way to new historical levels, supported by strong technical and fundamental momentum. But always be prepared for any volatility, as the market shows no mercy to those without a clear plan.#Bitcoin $BTC
