Failure to restore these levels can lead to a branch correction of $ 100,000

Bitcoin introduced a corrective stage after marking 111 thousand dollars, after a powerful multi -week gathering. While cooling the momentum, the broader structure remains intact.

The price procedure shows possible accumulation signs on support, and traders closely monitor to see if this withdrawal turns into a deeper correction or new leg.

Technical analysis

By shayanmarkets

Daily chart

In the daily time frame, BTC currently retains $ 103,000 after sweeping $ 101,000 liquidity. The previous upper budget is still valid, and it is likely to target the medium -range price of the emerging canal. The 100 -day moving averages (orange) and 200 days (blue), is not less than $ 92 thousand and 95 thousand dollars, respectively, and continue to decline up. This indicates that the momentum of the long term has not been broken yet.

The Relative Power Index in The Daily is a little less than 50 years old, indicating a neutral momentum after days of cooling. Until the origin is broken to less than 100 thousand dollars to 101 thousand dollars, the current decline appears to be like a healthy correction in the upward direction. However, the failure to restore the resistance area of ​​106 thousand dollars and 108 thousand dollars at quickly may increase the possibility of a review of the request for 95 thousand dollars to 97 thousand dollars, and even the moving averages.

The graph for 4 hours

The zoom in the 4H, BTC is evil under the disputed sorry pattern after finding a strong demand near the $ 100,000 region and began to recover in the shape of a V -shaped. This structure historically indicates a bullish reflection, and trips that exceed $ 103,000 support this issue.

However, the current gathering is close to the resistance again, which is the upper limits of the pattern near the mark of $ 105,000, and the relative power index is still less than 50 years. This level can be a temporary ceiling unless it strengthens the momentum.

It is similar to the acute wick, which is less than $ 100,000, such as seizing the liquidity of textbooks, indicating that the market makers ran to stop it before the price leadership is higher. If buyers can stick to a base of $ 100,000 and turn a region of 105 thousand dollars to 106 thousand dollars, the door reopens it to pay about 108 thousand dollars and perhaps the highest new level ever exceeds 112 thousand dollars. On the other hand, the failure to do this is likely to do more work between 101 thousand dollars and 106 thousand dollars in the coming days.

Series analysis

Exchange reserves

The Exchange backup is a continuous and severe decrease in the amount of bitcoin held on the central stock exchanges, as it has now reached the lowest historical level at 2.3 million BTC. This trend has accelerated over the past year and continues until June 2025, despite the trading of BTC above $ 100,000. In terms of classic demand, this represents a great pressure on the side of the offer: it means fewer metal currencies on less liquidity exchanges available for immediate sale, which leads to tightening the circulating supply and amplifying moderate demand effects.

This behavior reflects a strong invisibility of the macroeconomic economy. First, the institutional accumulation is likely to direct a lot of this trend. Large entities often transmit metal currencies outside the stock exchanges to reservation solutions when locating the long -term reservation or to reduce the risk of the opposite end. Second, the increasing presence of ETFS for bitcoin and thermal platforms (such as sincerity or Blackrock) means that BTC is increasingly flowing into vehicles that are not recycled again on exchanges, removing them from liquid supply indefinitely. This dynamic creates structural inauguration that supports the bullish trend of bitcoin.