Bitcoin: BTC/USDT
BTC/USDT Technical Coverage, June 16th 25'.
As of June 16, 2025, Bitcoin is trading near 106,530 USDT after rebounding from recent lows around 105,000 USDT. The price is currently testing the 200-period Simple Moving Average (SMA, yellow) from below, while the 50-period SMA (blue) is also acting as dynamic resistance. Bollinger Bands are moderately wide, reflecting ongoing volatility.
Key Technical Levels:
• Immediate Resistance: 106,500–107,000 USDT (200-SMA and upper Bollinger Band)
• Major Resistance: 110,000 USDT (psychological and technical barrier, previous support)
• Immediate Support: 105,000 USDT (recent swing low, lower Bollinger Band)
• Major Support: 100,000 USDT (psychological level, aligns with 50-day EMA on higher timeframes)
Trend and Momentum:
• The short-term trend remains neutral to slightly bearish, with the price struggling to reclaim the 200-SMA.
• The broader structure is still constructive as long as Bitcoin holds above the 100,000 USDT support zone, which is reinforced by both technical (moving averages) and psychological factors.
• Bollinger Bands indicate continued volatility, suggesting the potential for sharp moves in either direction.
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Forward-Looking Possibilities:
Bullish Scenario: If Bitcoin can decisively break above the 200-SMA and sustain momentum through 107,000–110,000 USDT, a retest of the all-time high near 112,000 USDT becomes likely. A confirmed breakout could open the door to higher targets at 114,000 USDT and, on more optimistic projections, toward 120,000–130,000 USDT over the coming months, especially if institutional inflows persist.
Bearish Scenario: Failure to reclaim the 200-SMA and a break below 105,000 USDT would expose Bitcoin to further downside, with 100,000 USDT as the next major support. A sustained drop below this level could trigger deeper corrections toward 92,000–90,000 USDT, where the 200-day moving average provides critical support
Bitcoin-Related News Highlights
Institutional Adoption and Corporate Treasuries: Institutional interest remains strong, with companies like MicroStrategy and Trump Media expanding their Bitcoin reserves. Notably, Trump Media has formalized a Bitcoin treasury initiative, marking a milestone as the first major political entity to use BTC as a reserve asset.
Philippe Laffont (Coatue) and other prominent investors emphasize Bitcoin’s growing role as a core portfolio holding, citing its non-correlation with equities and its function as a long-term inflation hedge.
Regulatory and Policy Developments: The U.S. government now holds over $20 billion in Bitcoin as a strategic reserve, following recent executive orders and the approval of spot Bitcoin ETFs. This mainstream embrace has been a major catalyst for the market, boosting confidence and liquidity.
Market Sentiment: Despite recent volatility, sentiment remains broadly positive. The concept of “owning one Bitcoin” is increasingly seen as a new aspirational benchmark, reflecting both financial sovereignty and cultural status.
Geopolitical Factors: Ongoing geopolitical tensions, such as the Israel–Iran conflict, continue to reinforce Bitcoin’s appeal as a digital safe haven, prompting further institutional accumulation.
