Bitcoin (BTC) Price Prediction For June 19, 2025
The post Bitcoin (BTC) Price Prediction For June 19, 2025 appeared on BitcoinEthereumNews.com.
Bitcoin price continues to hover near $105,000, showing resilience against broader market volatility. However, the battle between bulls and bears remains unresolved as momentum indicators flash mixed signals. What’s Happening With Bitcoin’s Price? BTC price dynamics (Source: TradingView) As of June 18, the Bitcoin price today is holding at approximately $104,950 after bouncing from a key short-term demand zone near $104,400. This support lies within a well-established green structure on the 4-hour and daily charts. The recent rejection from the $107,000 region shows that sellers are aggressively defending the lower high of the symmetrical triangle seen on multiple timeframes. Why Bitcoin (BTC) Price Going Down Today? The Bitcoin price dipped slightly today, influenced by a confluence of technical and volume-based signals. On the 4-hour timeframe, price action failed to break above the descending trendline resistance near $107,000. This zone has now aligned with the 50 EMA, capping upward attempts. BTC price dynamics (Source: TradingView) The MACD on the 30-minute chart is turning over after a bullish wave, suggesting waning upside momentum. RSI is also rolling down near the neutral 50 level, hinting at a potential intraday pullback. BTC price dynamics (Source: TradingView) Volume is not supporting a breakout, with the Klinger Oscillator and OBV on the 4-hour showing divergence and distribution pressure. BTC price dynamics (Source: TradingView) Smart Money Concepts (SMC) indicate that Bitcoin is still under the influence of previous liquidity grabs and internal CHoCHs within the $106,800–$107,300 supply zone. This range has seen repeated equal highs and liquidity inducements, which were swept but never followed by a true bullish break of structure. That leaves Bitcoin vulnerable to further downside as uncollected sell-side liquidity still sits below $103,200. On the 4-hour chart, a recent Break of Structure (BoS) has already occurred beneath $104,600, and the most recent price rebound…
Filed under: News - @ June 18, 2025 8:28 am