Bitcoin (BTC) – Testing Resistance, Ready for Reversal or Breakout
Technical Outlook — June 11, 2025
Current Market Condition:
Bitcoin (BTC/USDT) is currently trading around $108,644 following a modest decline of -1.48% on the daily chart. After a bullish recovery from the $92,000–$96,000 zone, BTC has approached a strong resistance band near $112,000. The current structure suggests the market is in a critical phase — either poised to break higher or risk a deeper retracement toward key demand levels.
Key Technical Highlights:
Trade Plan:
✅ 1. Bullish Breakout (Long) – Most Probable Scenario
Trigger: Daily close above $112,000 with strong volume and momentum
Target: $122,000 - $125,000
Stop Loss: Below $109,000
⚠️ 2. Bearish Rejection (Short) – Possible Scenario
Trigger: Bearish reversal candle at $112,000 or daily close below $106,000
Target: $102,000, then $92,000
Stop Loss: Above $111,000
📉 3. Dip Buy Setup – Last Scenario
Trigger: Price retests and holds $96,000 or $92,000 with a bullish reversal signal (e.g., pin bar, hammer)
Target: Immediate resistance at $104,000, then $112,000
Stop Loss: Below $91,000
Risk Management:
Always apply proper risk management, including clear stop-loss placement and responsible position sizing. Bitcoin can react aggressively to macroeconomic events and regulatory news — monitor sentiment closely when near major technical levels.
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⚠️ Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
Technical Outlook — June 11, 2025
Current Market Condition:
Bitcoin (BTC/USDT) is currently trading around $108,644 following a modest decline of -1.48% on the daily chart. After a bullish recovery from the $92,000–$96,000 zone, BTC has approached a strong resistance band near $112,000. The current structure suggests the market is in a critical phase — either poised to break higher or risk a deeper retracement toward key demand levels.
Key Technical Highlights:
- Price is trading above the 50 EMA (blue) and the 200 MA (red), suggesting a bullish short- to medium-term bias.
- The $112,000 zone is acting as a strong resistance, where BTC has previously faced rejections.
- The ascending yellow parallel channel outlines the broader uptrend structure — BTC remains well within bounds, showing potential for continuation.
- The Stochastic Oscillator is climbing, indicating building bullish momentum but nearing overbought territory, which could trigger short-term pullbacks.
- Immediate supports are found near $104,000 and $96,000. A failure to hold above $104,000 could trigger downside pressure.
Trade Plan:
✅ 1. Bullish Breakout (Long) – Most Probable Scenario
Trigger: Daily close above $112,000 with strong volume and momentum
Target: $122,000 - $125,000
Stop Loss: Below $109,000
⚠️ 2. Bearish Rejection (Short) – Possible Scenario
Trigger: Bearish reversal candle at $112,000 or daily close below $106,000
Target: $102,000, then $92,000
Stop Loss: Above $111,000
📉 3. Dip Buy Setup – Last Scenario
Trigger: Price retests and holds $96,000 or $92,000 with a bullish reversal signal (e.g., pin bar, hammer)
Target: Immediate resistance at $104,000, then $112,000
Stop Loss: Below $91,000
Risk Management:
Always apply proper risk management, including clear stop-loss placement and responsible position sizing. Bitcoin can react aggressively to macroeconomic events and regulatory news — monitor sentiment closely when near major technical levels.
📢 If you found this analysis valuable, kindly consider boosting and following for more updates.
⚠️ Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
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.
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.