Bitcoin: BTC/USDT

BTC/USDT Technical Coverage, June 17th

Technical Analysis Overview

Current Price: ~$107,200 (as of June 17, 2025).

Recent Range: BTC has fluctuated between $101,000 and $113,000 over the past month, with notable volatility spikes and sharp corrections. Short-Term Trend: Short-term technicals indicate a recovery phase, with BTC holding above key support at $105,500 and targeting the $108,000–$110,500 resistance zone. Momentum indicators (OBV, Awesome Oscillator) and EMAs (20/50/100/200 on 4H) are currently bullish, suggesting ongoing accumulation and a potential for further upside if $108,181 is broken decisively. Medium-Term Trend: The overall trend remains neutral to slightly bullish, with moving averages providing mixed signals. The 200-period MA is acting as a dynamic support/resistance, and price action is consolidating above this level. Bearish Risks: If BTC drops below $105,307, technicals turn bearish, targeting $100,454 and potentially $98,158 as next support levels. An oversold RSI on the 1H chart hints at possible short-term rebounds, but sellers remain in control below $105,300

Top News Stories (Past 24 Hours)

• Bitcoin Holds Steady Amid Geopolitical Tensions: BTC traded above $106,000 despite global market jitters caused by Middle East tensions and mixed US macro data. Institutional inflows and ETF demand are stabilizing prices.

• Institutional Interest Remains Strong: Despite recent volatility, institutional investors, including those buying into Bitcoin ETFs, continue to support price stability. Altcoins like Solana and Hyperliquid outperformed, while retail interest is picking up.

• Regulatory and Macro Developments: Market participants are awaiting key US inflation data, which could influence near-term price direction. Analysts highlight $106,500 as resistance and $103,000 as support.

• Debate Over Bitcoin as 'Digital Gold': Economist Peter Schiff questioned Bitcoin’s safe-haven status after its drop during recent geopolitical turmoil, contrasting with gold’s rally.

• ETF & Political News: Trump Media is advancing plans for a Bitcoin ETF under the Truth Social brand, reflecting growing political and institutional engagement with Bitcoin.

Forward-Looking Note

Short-Term Outlook: As long as BTC holds above $105,500, the path toward $108,000–$110,500 remains open. Watch for a decisive breakout above $108,181 to confirm a renewed bullish trend. Failure to hold $105,500 could see a retest of lower supports near $103,000 and $100,500.

Medium-Term Projections: Forecasts for late June and July suggest potential upside toward $122,000–$138,000 if bullish momentum persists, though caution is warranted due to macroeconomic uncertainties and resistance near recent highs.

Key Risks: Increased volatility is likely around upcoming US inflation data and ongoing geopolitical tensions. Regulatory developments and ETF flows remain critical drivers to monitor.

Actionable Takeaway: Maintain a cautious, systematic approach. Consider scaling in near support levels and watching for confirmation of trend reversals before aggressive positioning. Long-term investors may look to accumulate on dips, while traders should be alert for volatility spikes around news events.

Disclaimer:

The information provided in this article is for educational and informational purposes only and does not constitute financial, investment, legal, or professional advice. Readers should conduct their own research and consult with qualified professionals before making any financial or investment decisions.

This article includes forward-looking statements and projections regarding Bitcoins market performance. These statements are based on current trends, publicly available information, and speculative assumptions as of June 2025, and they are subject to risks, uncertainties, and changes beyond the author's control. The author does not guarantee the accuracy, completeness, or timeliness of the information provided, particularly regarding unverified or hypothetical developments.

Cryptocurrency investments, including those in Bitcoin and Ethereum, as well as the use of futures, options, or other derivatives for hedging or trading, carry significant risks, such as volatility, regulatory changes, counterparty risk, and potential loss of principal. The author and publisher are not liable for any losses or damages arising from the use of this content.