Analysis $BTC 06/23/2025
BTC, unfortunately, we were lower than we would have liked here, $98K, it has always been a good support area due to the large buy orders. I won't elaborate on the reasons we broke this support at $102K because it is evident that everyone already knows.
Recently, prices have been totally sensitive to bad news; we need them to stop.
Although the PMI data did not come in as expected, Trump's words about not wanting to become more involved militarily in the Middle East were well received by the market.
The price is currently in the gray range of the chart around $103K; we need a daily close above this to have a new attempt to break $106K and change the game here. We cannot work for too long below the gray range, or this support at $98K will be worn down very quickly.
The EMAs 50/100/200 (4h) are all just above the current price, which could be a problem, and for that reason, the BULLS must push the price quickly above the EMA 50 (at least), thus increasing our chances of not having a rejection at this key level, $103K.
We are forming a good daily chart; we just need to maintain this strength for another 4 hours, and then we will have a good daily close and demonstrate strength.
IN MY OPINION, the USA has reached the peak of escalation with Iran and things should start to calm down over the next 2 weeks.
Forget the noise and focus on what matters!
$112K loading...
BTC, unfortunately, we were lower than we would have liked here, $98K, it has always been a good support area due to the large buy orders. I won't elaborate on the reasons we broke this support at $102K because it is evident that everyone already knows.
Recently, prices have been totally sensitive to bad news; we need them to stop.
Although the PMI data did not come in as expected, Trump's words about not wanting to become more involved militarily in the Middle East were well received by the market.
The price is currently in the gray range of the chart around $103K; we need a daily close above this to have a new attempt to break $106K and change the game here. We cannot work for too long below the gray range, or this support at $98K will be worn down very quickly.
The EMAs 50/100/200 (4h) are all just above the current price, which could be a problem, and for that reason, the BULLS must push the price quickly above the EMA 50 (at least), thus increasing our chances of not having a rejection at this key level, $103K.
We are forming a good daily chart; we just need to maintain this strength for another 4 hours, and then we will have a good daily close and demonstrate strength.
IN MY OPINION, the USA has reached the peak of escalation with Iran and things should start to calm down over the next 2 weeks.
Forget the noise and focus on what matters!
$112K loading...