📊 Bitcoin (BTC/USDT) Daily Technical Analysis — June 23, 2025 📉🚀
🧠 Chart Overview:
This is a daily candlestick chart of Bitcoin (BTC) against Tether (USDT) on Binance. The market is currently trading at $101,716.60, showing a mild bullish gain of +0.75% for the day.
🔍 Key Technical Levels:
🔵 Major Support Zone (Highlighted in Blue):
Price is sitting on a crucial support level (~$101,000 – $102,000) that has acted as a strong zone of interest both historically (left red arrow) and recently (right red arrow).
📉 Breakdown in Progress?
The price has broken below a previous low, as marked with the blue arrow and text box:
"Previous low breakout — let's see is this original or fake?"
This indicates a potential fakeout or a true bearish reversal, depending on upcoming price action.
📍Resistance Levels Above:
$105,810.31 (🟣 Minor resistance)
$108,814.27 (🟣 Mid-range resistance)
$111,818.23 (🟣 Key resistance / potential top)
📍Support Levels Below:
$97,599.48 (🩷 Initial downside support)
$92,993.40 (🩷 Strong support from previous consolidation)
$88,687.73 (🩷 Bearish target if deeper selloff occurs)
📈 Price Action & Candlestick Behavior:
The market failed to hold above $105,000, showing selling pressure at highs.
Recent candles suggest weak buyer reaction at the current support — if no bounce appears, this increases downside risk.
Watch for bullish reversal candlesticks (like hammer or bullish engulfing) at current level for potential recovery.
✅ Bullish Case (🚀 Recovery Potential):
If price reclaims the support zone and closes back above $103,000–$105,000, it may confirm the fakeout and initiate a bounce toward $108K–$111K.
❌ Bearish Case (⚠ Breakdown Confirmation):
A confirmed daily close below $100,000, especially with volume, will likely target $97K, $93K, or even $88K. Trend will then turn clearly bearish.
🧭 Conclusion & Strategy:
📌 Critical decision point.
The market is at a key inflection zone. Traders should wait for:
Confirmation candle to determine breakout validity
Potential bullish recovery back into range
Or further breakdown with volume below $100K
🎯 Best approach: Use tight stop losses & react to price behavior near the current support.
🧠 Chart Overview:
This is a daily candlestick chart of Bitcoin (BTC) against Tether (USDT) on Binance. The market is currently trading at $101,716.60, showing a mild bullish gain of +0.75% for the day.
🔍 Key Technical Levels:
🔵 Major Support Zone (Highlighted in Blue):
Price is sitting on a crucial support level (~$101,000 – $102,000) that has acted as a strong zone of interest both historically (left red arrow) and recently (right red arrow).
📉 Breakdown in Progress?
The price has broken below a previous low, as marked with the blue arrow and text box:
"Previous low breakout — let's see is this original or fake?"
This indicates a potential fakeout or a true bearish reversal, depending on upcoming price action.
📍Resistance Levels Above:
$105,810.31 (🟣 Minor resistance)
$108,814.27 (🟣 Mid-range resistance)
$111,818.23 (🟣 Key resistance / potential top)
📍Support Levels Below:
$97,599.48 (🩷 Initial downside support)
$92,993.40 (🩷 Strong support from previous consolidation)
$88,687.73 (🩷 Bearish target if deeper selloff occurs)
📈 Price Action & Candlestick Behavior:
The market failed to hold above $105,000, showing selling pressure at highs.
Recent candles suggest weak buyer reaction at the current support — if no bounce appears, this increases downside risk.
Watch for bullish reversal candlesticks (like hammer or bullish engulfing) at current level for potential recovery.
✅ Bullish Case (🚀 Recovery Potential):
If price reclaims the support zone and closes back above $103,000–$105,000, it may confirm the fakeout and initiate a bounce toward $108K–$111K.
❌ Bearish Case (⚠ Breakdown Confirmation):
A confirmed daily close below $100,000, especially with volume, will likely target $97K, $93K, or even $88K. Trend will then turn clearly bearish.
🧭 Conclusion & Strategy:
📌 Critical decision point.
The market is at a key inflection zone. Traders should wait for:
Confirmation candle to determine breakout validity
Potential bullish recovery back into range
Or further breakdown with volume below $100K
🎯 Best approach: Use tight stop losses & react to price behavior near the current support.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join My Telegram Channel For More Updates
t.me/FXMARKETANGEL
Join My Broker Refrel link
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PARTNER CODE⤵️
uvd1etcgg1
t.me/FXMARKETANGEL
Join My Broker Refrel link
one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.