Bitcoin Holds Steady Near $110,000 Amid Rising Bearish Pressure – Market Analysis – 2025-06-16

Market Analysis

Certainly! Here is a polished and professional English reframing of the provided Urdu introduction and analysis on the Bitcoin market:

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**Introduction:**
Bitcoin’s price has recently once again tested the critical 110,000 level. However, it has been unable to surpass the significant liquidity cluster around 113,000. This pattern has fostered a cautious and balanced market sentiment, with investors adopting a wait-and-see approach as they anticipate the next major price movement.

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**Market Analysis:**
Over the past few days, Bitcoin has approached the upper boundary of its sideways range between 85,000 and 110,000. Despite testing this zone, it failed to break through the strong resistance formed by the liquidity cluster near 113,000. On June 11, the price briefly touched 110,392 but retreated to close at 108,645, indicating that buying momentum has yet to fully regain strength.

The 7-day Relative Strength Index (RSI) stood at 59.71, suggesting there is some underlying bullish energy, though not nearing overbought conditions. On the same day, the MACD remained in positive territory, supporting a short-term bullish move; however, a slight decrease in trading volume and the number of trades curtailed this upward pressure.

Following this, a marked decline occurred starting June 12, with the price falling to 105,671. The RSI dropped to 45.08 while the Money Flow Index (MFI) settled at 51.14, both pointing towards a neutral to bearish tilt. Concurrently, the MACD weakened, registering 1214, even as volume increased, signaling intensified selling pressure as market participants capitalized on the downswing.

On June 13, Bitcoin found some footing around 106,066, but rising volume and trade activity confirmed persistent bearish sentiment. The RSI at 47.09 and MFI at 50.52 still suggested a neutral stance but with a downward bias. The Fear and Greed Index reading of 61 reflected moderate fear, underscoring investor caution.

Between June 14 and 15, the price remained confined within a narrow band of 104,494 to 106,128, indicating a transition from neutral to bearish market conditions. RSI fluctuated between 43.99 and 45.15, pointing to a weakening momentum without an outright downtrend. The MFI steadied at 54.76, which implies some buying activity based on volume. Declines in moving averages—especially the 7- and 14-day Exponential and Simple Moving Averages—aligned below the price level, further confirming a fragile trend. Notably, the 7-day Hull Moving Average (HMA) hovered near 104,634, just below the current price but weakening compared to prior days, signaling short-term bearish tendencies.

Bollinger Bands also constrained price movements during this period. On June 15, Bitcoin closed near the middle band around 106,233, well below the upper band at approximately 110,561. This reflects an unsuccessful attempt to break above resistance, accompanied by a contraction in the bands that points to uncertainty and low volatility. Declining volume and fewer trades reinforce the impression of reduced buying interest in the short term.

Regarding support levels, the range between 103,985 and 103,105 remains critical and has already been tested during the recent pullback. A breakdown below this zone could open the door to the next support region between 101,508 and 99,950, which also aligns closely with the psychologically important 100,000 mark. Below that lies a third support band from 96,945 to 90,056, providing a key safety net in the event of further decline.

On the upside, resistance lies between 105,857 and 106,457 — the first significant hurdle. Beyond that, the 109,434 to 110,797 range, including the psychological barrier at 110,000, continues to act as a strong ceiling, preventing upward momentum. A decisive close above 110,000 would likely accelerate bullish moves in both the short and medium term, potentially accompanied by moderate corrections along the way. For now, however, this range stands as a robust resistance zone.

The Fear and Greed Index remains near 60, indicating a moderate sentiment where neither excessive fear nor greed dominates. This suggests limited risk of large-scale selling in the near term, although major holders may remain cautious. Slight declines in open interest and a positive yet low funding rate further reflect the prevailing market uncertainty.

From a macro perspective, global political and economic conditions appear to be stabilizing somewhat. Nonetheless, ongoing geopolitical tensions and complex trade negotiations continue to inject volatility and indecision into the market.

In summary, Bitcoin is navigating a delicate phase with the 110,000 level serving as a formidable resistance. Should the price successfully breach and close above this threshold, we can expect renewed bullish momentum in the short to medium term, albeit with some intermittent corrections. Currently, the market hovers near 103,000 in a neutral-to-bearish zone, where a break below key support levels could trigger further declines. Given the current volume, trade activity, and technical indicators, investors are advised to exercise caution, avoid impulsive decisions, and closely monitor critical support and resistance zones when planning their moves.

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Data Summary

• 1. Time:
  2025-06-16 – 00:00 UTC
• 2. Prices:
  Open: 105414.63000000
  High: 106128.57000000
  Low: 104494.53000000
  Close: 105594.01000000
• 3. Last 5 days’ closing prices:
  2025-06-11: 108645.12000000
  2025-06-12: 105671.73000000
  2025-06-13: 106066.59000000
  2025-06-14: 105414.64000000
  2025-06-15: 105594.01000000
• 4. Volume:
  BTC: 7164.2005
  USD: $754596887.8748
• 5. Number of trades:
  1564768
• 6. Indicators:
  RSI: 45.1500
  MFI: 54.7600
  BB Upper: 110561.63000000
  BB Lower: 101905.93000000
  MACD: 755.87000000
  Signal: 1109.44000000
  Histogram: -353.57000000
• 7. Moving Averages:
  SMA:
  7=107418.50000000
  14=106067.47000000
  21=106233.78000000
  30=106611.28000000
  50=103608.57000000
  100=94142.15000000
  200=95699.26000000

  EMA:

  7=106281.77000000
  14=106296.66000000
  21=105983.32000000
  30=105160.50000000
  50=102775.32000000
  100=98470.86000000
  200=92573.69000000

  HMA:

  7=104634.44000000
  14=107101.08000000
  21=107434.91000000
  30=106400.10000000
  50=107427.04000000
  100=111628.90000000
  200=101389.31000000
• 8. Supports:
  S1: 103985.48000000 – 103105.09000000
  S2: 101508.68000000 – 99950.77000000
  S3: 96945.63000000 – 90056.17000000
  S4: 87325.6 – 86310
• 9. Resistances:
  R1: 105857.99000000 – 106457.44000000
  R2: 109434.79000000 – 110797.38000000
• 10. Psychological Support:
  100000.00000000
• 11. Psychological Resistance:
  110000.00000000
• 12. Funding Rate:
  0.0074%
• 13. Open Interest:
  78209.4620
• 14. Fear & Greed Index:
  60 (Greed)

Disclaimer: This market analysis is generated by AI based on historical BTC data and sentiment indicators. Use it as a reference, not financial advice.