below100k Analysis of Currency #BTCbelow100k (Bitcoin Below 100 Thousand Dollars):
As of today (June 25, 2025), Bitcoin (BTC) is still trading below the $100,000 level, which has attracted the interest of many investors and followers who are anticipating a breakthrough of this important psychological and technical barrier. Here is a brief technical and fundamental analysis:
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🔍 Technical Analysis:
Main Resistance: Currently located between $73,000 - $75,000, which is the area where Bitcoin has recently failed to break through.
Strong Support: There is support at levels of $62,000 - $64,000, and if broken, we may see retracements towards $58,000.
Moving Averages:
The price is still above the 200-day moving average, supporting the upward trend in the long term.
A golden cross occurred between the 50-day and 200-day averages in April, which provided an upward momentum at that time.
Technical Indicators:
RSI shows moderate overbought signals, suggesting a potential correction in the short term.
MACD is still in the positive zone but shows signs of weakness in momentum.
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📈 Fundamental Analysis:
Bitcoin ETF News: ETF funds continue to support the market in terms of liquidity, but the momentum has begun to slow down.
Halving: Occurred in April 2024, and the positive effect usually appears after 6-12 months, meaning the second half of 2025 may witness stronger movements.
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