TLDR:

Bitcoin price nears $108K, posting 1.62% daily and 2.11% weekly gains.
Analysts see resistance at $108.9K, with $104.5K as key support.
Daily volume down 49%, raising doubts about momentum strength.
Ichimoku and TK signals flash mixed messages amid macro shifts.

Bitcoin is once again attempting its climb toward new yearly highs, sparking mixed reactions across the market. After recovering from June’s war-driven pullback, BTC is once again approaching the $108,000 level. 

While the move suggests strong bullish momentum, analysts caution that the current structure may not support a sustained breakout. Price action remains volatile, with several indicators pointing to potential weakness ahead. 

As risk assets rally globally, the crypto market faces a pivotal moment.

Bitcoin Price Moves Closer to Resistance Levels

Bitcoin traded at $107,019 at press time, marking a 1.62% gain over the past 24 hours. 

Bitcoin price on CoinGecko

The price also rose 2.11% on the weekly chart. However, the daily trading volume dropped nearly 49% from the previous day, reflecting weaker short-term market participation.

According to Zen (@WiseAnalyze), the next liquidity target sits above the June 17 swing high, potentially extending toward $108,366. 

He noted that clearing $108,900 could invalidate the recent bearish trend that followed geopolitical tensions. Even with a breakout, he expects Bitcoin to revisit the $104,500–$103,600 range before a lasting move higher.

Bitcoin Daily $BTC keeps pushing higher.
The next liquidity pool likely sits above the June 17th swing high — a lower timeframe zone that extends all the way up to the 2024 high at 108366.

A break above 108900 (last week’s high) would be a strong bullish signal, as it… pic.twitter.com/4Oblc5hpji

— Zen (@WiseAnalyze) June 25, 2025

Chart signals remain mixed. Dr. Cat (@DoctorCatX) commented that Bitcoin is currently trading within a neutral range. He warned that while prices have moved higher, the structure lacks confirmation for a bullish trend.

On the Ichimoku chart, Bitcoin is trading above the cloud, but the presence of a bearish TK cross adds uncertainty. The Chikou Span has moved near the candle bodies but has yet to clear past resistance levels. 

If bulls intend to push higher, they may have a narrow window of 2–3 days before bearish momentum regains control.

$BTC Bitcoin

I’m travelling so can’t put up a well formatted chart but in brief:

The daily chart is not bullish as I said many times.

It’s not bearish either.

It’s a neutral range going up and down and if you are bullish at high prices when the chart is not bullish this is… pic.twitter.com/853jlW2w8j

— Dr Cat (@DoctorCatX) June 25, 2025

Macro Factors Add Complexity

Beyond the charts, macro signals show a rising appetite for risk. The Nasdaq recently posted a new all-time high, while the S&P 500 is close to doing the same. 

Meanwhile, gold prices are falling as investors rotate capital toward equities and crypto. This shift has added fuel to the current Bitcoin rally. However, concerns remain if this move reflects the beginning of a new bull cycle or a temporary trap for overleveraged traders.

According to Zen’s analysis, support is near $105,534 and $104,544. Resistance zones remain near $108,900 and $110,700. Liquidation heatmaps suggest potential volatility around these levels, making risk management crucial in the short term.

While the current price action shows strength, analysts agree that confirmation is needed before calling this a true breakout. For now, Bitcoin price remains in a critical range that could define its direction for the rest of the summer. 

The post Bitcoin Price Eyes $108K as Market Debates Breakout or Bull Trap appeared first on Blockonomi.

---

Filed under: Bitcoin - @ June 25, 2025 11:21 am