The price of Bitcoin has increased sharply over the past 24 hours, and has continued its upward momentum from the last upward trend. The original is currently trading above 107,000 dollars after the formation of strong support levels.
The main altcoins like Ethereum appears, at a price of $ 2,500 at the time of writing this report, as well as a fixed increase. XRP, Solana and Dogecoin make positive movements on the market today. The entire encryption market is witnessing this growth, as the total market value increased to $ 3.34 trillion with an increase of 1.65 % over the time frame.
Bitcoin price appears over the neck and shoulder line
The price of bitcoin went back above the neckline and the central shoulders, which led to the disposal of what appeared to be a collapse. Initially, the low price of the neck line raised concerns among merchants, but it seems that it was a wrong or “trap”. With this recovery, Bitcoin is preparing to make more potential gains, indicating signs of a new upward stage.
The fact that prices have risen at the main level caused some traders to feel more positive and hope, awaiting bitcoin height. Since the price remains above the neck line, the upward trend is still in place and more gains can be seen soon.
#Bitcoin Return to the right track 🚀#BTC He is now returning over the neck and shoulder line. What seemed to be a collapse was just a trap.
More upcoming upcoming potential! 🚀 pic.twitter.com/vexmyveqct
– Titan of Crypto (Washigorira) June 9, 2025
The encryption analyst predicts a possible possibility for the BTC price
Crypto Captain faIIBIK analyst stands out that the price of bitcoin is currently an expanded wedge on the graph for 4 hours.
This artistic style indicates an increase in fluctuations as the price fluctuates within a wider limits. The main level of watching is the resistance at $ 105,700, as a higher break from this price will confirm an upward outbreak.
if Bitcoin It managed to overcome this decisive resistance, the penetration can indicate the beginning of the highest new level (ATH) of $ 111,970. The progressive movement capabilities are important, as analysts indicate that this penetration can push the price of Bitcoin towards higher levels.
$ BTC It is the formation of a wide expansion wedge on the 4H graph ..
The bulls should be broken from the resistance of 105.7K to confirm the bullish collapse.
Breakout = New ATH Download soon 🚀#Crypto #Bitcoin #BTC #BTCUSDT pic.twitter.com/yb1xry0hgd
Captain Vibik 🐺 (CryptOfaibik) June 9, 2025
How high the BTC price in June 2025?
price Bitcoin It has risen steadily, and so far, it is traded at 107,747.03 dollars. As of June 9, 2025, BTC increased by 2 %, indicating that it is heading towards the ascension. There are positive technical indicators, and the market has risen on the resistance points, giving it this momentum.
Bitcoin price It exceeded the level of 105 thousand dollars and can reach the strong resistance area at 107,747 dollars. If the trend remains the same, the market can move to $ 110,000, then 112,500 dollars, and finally penetrate 115 thousand dollars.
The RSI is currently in 67 years, indicating that the market is close to the excessive conditions at the peak of purchase. The MACD index indicates a strong upward trend. The graph is still rising, so we can expect a positive movement in the foreseeable future. If Bitcoin is less than $ 100,000, traders should be ready for the short -term slide.
