Analysis $BTC 06/20/2025
BTC, we were doing very well today attacking the blue band on the chart around $106K, but unfortunately we were unable to recover that region since by "coincidence" it was at the time that the announcement came out that: THE US IS PREPARING AN ACTION AGAINST CHINESE CHIP FACTORIES.
It's really amazing how we can't stop bad news for 24 hours, whenever we go a few hours without news the prices rise quickly, but soon we have some bad news again (at key levels).
Although we have big BUYERS at $102K it is not clear if it will be enough for the support in this gray band to hold or if we will need to go lower. Most of the big BUYERS are still close to the blue band below the current price, we need them to start rising a little more to have more strength here.
Although the situation with CHIPS was the initial downward blow, that wasn't the only thing. Iran once again refuses to accept the European agreement/proposal and this ends up making the markets even more unstable and uncertain. An escalation in the region is not what the markets would like to see.
Although we have good things happening, such as the approval of the GENIUS Act this week and a nod towards the approval of Altcoin ETFs, nothing is openly disclosed by the media, of course... it is in the interest of those who control these media that the VAST MAJORITY within the sector does not see the potential for appreciation that the market has in the medium/long term and ends up selling out of fear of the news, which is what is happening.
Anyway...
The gray band below the current price is still support, and do not rule out the possibility of a movement similar to the past (yellow box below it). However, do not see this as the END OF THE WORLD, because this is being done only to make small investors sell in panic.
Forget the noise and focus on what matters!
$112K loading...
BTC, we were doing very well today attacking the blue band on the chart around $106K, but unfortunately we were unable to recover that region since by "coincidence" it was at the time that the announcement came out that: THE US IS PREPARING AN ACTION AGAINST CHINESE CHIP FACTORIES.
It's really amazing how we can't stop bad news for 24 hours, whenever we go a few hours without news the prices rise quickly, but soon we have some bad news again (at key levels).
Although we have big BUYERS at $102K it is not clear if it will be enough for the support in this gray band to hold or if we will need to go lower. Most of the big BUYERS are still close to the blue band below the current price, we need them to start rising a little more to have more strength here.
Although the situation with CHIPS was the initial downward blow, that wasn't the only thing. Iran once again refuses to accept the European agreement/proposal and this ends up making the markets even more unstable and uncertain. An escalation in the region is not what the markets would like to see.
Although we have good things happening, such as the approval of the GENIUS Act this week and a nod towards the approval of Altcoin ETFs, nothing is openly disclosed by the media, of course... it is in the interest of those who control these media that the VAST MAJORITY within the sector does not see the potential for appreciation that the market has in the medium/long term and ends up selling out of fear of the news, which is what is happening.
Anyway...
The gray band below the current price is still support, and do not rule out the possibility of a movement similar to the past (yellow box below it). However, do not see this as the END OF THE WORLD, because this is being done only to make small investors sell in panic.
Forget the noise and focus on what matters!
$112K loading...