Bitcoin continues to trade above the $100,000 mark, maintaining this key psychological level for over six weeks. As of June 18, 2025, the price stands at $104,323, with a market capitalization of $2.07 trillion and a 24-hour trading volume of $33.61 billion. Despite this resilience, technical signals suggest the market is entering a period of uncertainty, with bearish momentum building beneath the surface .
Market Snapshot
• Current Price: $104,323
• Market Cap: $2.07 trillion
• 24h Volume: $33.61 billion
• Intraday Range: $103,630 – $105,886
• Days Above $100K: 42 consecutive days
Price Action and Technical Analysis
Bitcoin is consolidating within a well-defined range between $104,000 and $109,000, with a strong resistance ceiling at $112,000. The price action suggests a distribution phase, as increased selling volume near local peaks points to larger players taking profits. The $100,426 level has emerged as a critical support, repeatedly tested but not yet broken. A daily close below this threshold could trigger a deeper correction, while a breakout above $112,000 would likely reignite bullish momentum .
On shorter timeframes, the 4-hour chart shows weakening momentum, with lower highs and support retests indicating a tightening range. The 1-hour chart reveals a recent sharp drop from $107,773 to $103,388, followed by low-volume consolidation. Sellers remain in control unless buyers can push the price above $105,000 with conviction.
Technical Indicators
• Oscillators:
• RSI: 47 (neutral)
• Stochastic: 47 (neutral)
• CCI: -54 (neutral)
• Momentum: -1,512 (bearish)
• MACD: 342 (bearish)
• ADX: 16 (weak trend)
• Awesome Oscillator: -682 (bearish)
• Moving Averages:
• Short-term (10/20/30-day EMA/SMA): Bearish
• 50-day EMA: Bullish
• Long-term (100/200-day EMA/SMA): Bullish
This mixed technical picture reflects a market in temporary consolidation, with short-term signals skewing bearish but longer-term structure remaining positive .
Sentiment and Outlook
The Fear & Greed Index sits at 52, indicating a neutral sentiment among investors. While the broader crypto market cap has dipped 1.67% to $3.36 trillion, Bitcoin’s dominance remains strong at 65.7%.
Bullish Scenario:
A decisive breakout above $112,000, supported by strong volume, would confirm renewed bullish momentum and could set the stage for a move toward new highs. Long-term moving averages and the sustained hold above $100,000 support this view, provided buyers return in force .
Bearish Scenario:
If Bitcoin fails to defend the $100,000 support, a broader correction could unfold. Short-term moving averages and momentum oscillators are currently aligned with this risk, and a daily close below $100,000 would likely accelerate selling pressure .
What’s Next for Bitcoin?
Analysts remain cautiously optimistic for the remainder of June, with some forecasting a potential rise to $108,000–$113,500 if current support holds . However, a close below $102,000 could open the door to further downside. Looking ahead, institutional inflows, macroeconomic factors, and global liquidity will play a key role in determining Bitcoin’s next major move.
