Bitcoin Daily Chart Signals Consolidation Ahead of Next Big Move

Bitcoin’s latest daily chart shows a classic case of consolidation after testing major resistance near $111K. While the broader trend remains intact, momentum indicators suggest the rally may be taking a breather.

The RSI has cooled from recent highs, pointing to a moderation in buying pressure without signaling a full reversal. Meanwhile, the MACD histogram continues to contract, hinting that bearish momentum is fading and a shift in direction could be near.

Price action remains above both the 9-day and 20-day EMAs, indicating that the uptrend is still in play — but flattening. Traders are now closely watching the $104K–$101K range for support, with the potential for a renewed move upward if bulls regain strength.

This setup offers a textbook case for traders and analysts watching the interplay between momentum fade, key levels, and trend structure in crypto markets.

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Read the full analysis: www.ecoinimist.com/2025/06/10/bitcoin-chart-signals-consolidation