After a sharp rebound from the $100,000 region, the Bitcoin price today is trading near $105,400 as bulls attempt to regain control. The recovery follows a high-volume bounce from major demand zones, with momentum indicators pointing toward a potential short-term continuation. However, the price remains capped below a critical resistance band, creating a tight range heading into June 25.
What’s Happening With Bitcoin’s Price?
Bitcoin price action on the daily chart shows BTC moving within a medium-term ascending pitchfork. After breaking below mid-channel support earlier this week, bulls stepped in aggressively at the lower bounds near $100K. This level also aligns with the 38.2% Fibonacci retracement zone and prior breakout support.
The daily structure remains fragile, as price is now approaching key resistance levels between $106,000 and $108,000. This area overlaps with a Fibonacci pivot and prior rejection zone. Meanwhile, upside targets are visible at $109,150 and $114,890, both significant Fibonacci and pivot cluster zones. On the downside, $102,000 and $100,000 form crucial intraday support levels.
Why is the Bitcoin Price Going Up Today?
Bitcoin’s recent price appreciation can be attributed to several factors, including increased institutional adoption, positive regulatory developments, and broader market sentiment favoring risk-on assets. Additionally, technical indicators suggest a bullish momentum that could encourage further upward movement in the coming days.
For a comprehensive analysis, visit the source: Bitcoin (BTC) Price Prediction For June 25.
