Bitcoin Analysis on June 15, 2025

Bitcoin hovered at $105,049 with a market cap of $2.08 trillion and a trading volume of $15.86 billion. The crypto asset traded within a narrow intraday range of $104,412 to $106,032, indicating subdued price action and investor indecision near key technical levels.

Price Action Overview

The hourly chart for Bitcoin shows a minor downtrend, with attempts to consolidate near short-term support at $104,500. The price exhibits an inverted cup pattern, which typically signals a bearish continuation. However, selling momentum has eased. While there is no confirmed bullish reversal on the 1-hour chart, an entry above $105,800 could lead to a brief scalping opportunity with targets between $106,200 and $106,500. Conversely, a break below $104,400 would negate any upside bias, illustrating a market searching for direction with low conviction movements.

4-Hour Chart Insights

The 4-hour timeframe shows sideways behavior following a sharp decline to $102,816, suggesting temporary stabilization. Volume spikes during the initial sell-off indicate potential capitulation, yet the lack of follow-through leaves the trend direction ambiguous. A confirmed close above $106,000, accompanied by supporting volume, would indicate a short-term breakout toward the $108,000–$109,500 range. On the other hand, a breach below $104,000 could accelerate further losses, showcasing typical market consolidation post-volatile moves.

Daily Chart Analysis

The daily chart reveals a more pronounced downtrend that began after a failed attempt to surpass $112,000. The formation of double tops and lower highs has established a bearish technical structure. Key support is found between $100,000 and $102,000, zones that have consistently absorbed selling pressure. Despite declining volume on down days—suggestive of weakening bearish strength—momentum remains unfavorable. A bullish engulfing candle or similar reversal above $100,500 could signal the beginning of a swing-long opportunity with exit targets near $112,000.

Oscillator Signals

Oscillators exhibit mixed signals. The relative strength index (RSI) stands at 49, indicating neutral momentum, while the Stochastic oscillator is also neutral at 50. The commodity channel index (CCI) is at −29, the average directional index (ADX) reads 18, and the Awesome oscillator shows 301, all suggesting a lack of trend strength. The lone bullish signal comes from momentum at 3,479, indicating residual upside force, while the MACD at 712 reflects negative sentiment and ongoing bearish pressure.

Moving Averages

Moving averages present a cautious tone; the 10-, 20-, and 30-period EMAs and SMAs are all above the current price, suggesting bearish signals clustered between $105,166 and $106,744. Conversely, the 50-, 100-, and 200-period EMAs and SMAs show bullish signals, indicating that long-term optimism remains intact. This divergence reinforces the idea of a medium-term pullback within a longer-term uptrend.

Market Verdicts

Bull Verdict:

If Bitcoin maintains support above the $100,000 threshold and confirms a reversal pattern with increasing volume, bullish momentum may resume, potentially targeting the $110,000–$112,000 resistance range, aligning with long-term buy signals across the moving averages.

Bear Verdict:

Failure to hold above $104,000, coupled with ongoing weakness in momentum indicators and resistance from short-term moving averages, could extend Bitcoin’s decline. A breakdown below $100,000 would likely trigger increased selling, targeting the mid-$90,000s in alignment with the prevailing medium-term bearish structure.