Bitcoin Faces Volatility Amid Key Resistance at $113,000 – Market Analysis – 2025-06-17

Market Analysis

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

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**Introduction**

In recent days, Bitcoin’s price has once again tested the boundaries of the range between 110,000 and 85,000, attempting to break past the resistance clustered around 113,000. However, the inability to surpass this liquidity zone has led to a more cautious market sentiment. In today’s analysis, we will explore the implications of this dynamic and consider potential future price movements in detail.

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**Market Analysis**

Over the past few days, Bitcoin has made several attempts to breach the upper range near 110,000, but the strong liquidity cluster at 113,000 has held firm, pushing the price back down towards the 103,000 level. Examining data between June 12 and June 16 reveals a mild shift from a neutral to a bearish bias. Despite price fluctuations, there has been no significant increase in trading volume or the number of trades, suggesting a lack of conviction among market participants.

On June 12, the price opened at 108,645 and closed lower at 105,671, signaling initial selling pressure. The Relative Strength Index (RSI) currently sits near 45, indicating a downward tilt and weakening buying momentum. The Money Flow Index (MFI) is hovering around 51, reflecting a market in balance but without strong directional force. Meanwhile, the MACD indicator is steadily declining, reinforcing bearish signals. Additionally, the Fear and Greed Index has dropped from 71 to 61, pointing to growing caution and a mild inclination toward selling.

Looking ahead, Bollinger Bands show that on June 16, the price closed near the middle band, suggesting reduced volatility and the possibility of sideways movement within a narrow range. A decisive break above the upper band would be a positive development, though the current price trend leans downward.

Turning to moving averages, particularly the Hull Moving Average (HMA), data from June 15 and 16 indicate that the price closed above the 7-day HMA. However, there is no clear uptrend in the 14-day and 21-day HMAs, reflecting ongoing market uncertainty. Simple Moving Averages (SMA) and Exponential Moving Averages (EMA) also remain close to the current price, further underscoring the lack of a definitive trend and leaving the market vulnerable to moves in either direction.

From a support standpoint, Bitcoin recently tested the S1 support zone between 103,985 and 103,105, which is considered a robust support level. A breakdown below this could see the price test the S2 support range of 101,508 to 99,950, which may provide additional downside protection. On the resistance side, the range between 109,434 and 110,797, along with the psychological barrier at 110,000, are key hurdles. The 113,000 liquidity cluster remains the critical level that Bitcoin must overcome to trigger the next significant upward move.

The current Fear and Greed Index suggests a slight increase in greed, which may present short-term selling opportunities for whales, although it has not yet reached extreme levels.

In terms of broader market context, confidence from prominent figures like Michael Saylor regarding institutional adoption and MicroStrategy’s continued Bitcoin purchases offer positive sentiment. However, trade tariffs imposed by China and ongoing geopolitical tensions in the Middle East have exerted downward pressure, pushing Bitcoin closer to its psychological support near 100,000. Mixed signals also stem from improvements in the US economy and the Federal Reserve’s potential interest rate cuts, contributing to a nuanced market mood. Investments by major firms such as Goldman Sachs and BlackRock add stability, but geopolitical risks and global financial uncertainties continue to constrain price momentum.

In summary, Bitcoin’s price has struggled to break above the upper range at 110,000 due to a strong liquidity cluster at 113,000, leading to a pullback near 103,000. Technical indicators and overall market sentiment both point to a cautious stance, with short-term price corrections likely. However, medium-term prospects remain positive if Bitcoin can manage to breach the key 113,000 resistance. Support and resistance levels will be instrumental in determining the direction of the next major move. For now, the market is balanced but uncertain, so investors should avoid hasty decisions and patiently wait for either a deeper correction or a breakout to confirm the next trend.

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If you would like, I can also prepare a concise summary or a trading outlook based on this analysis.

Data Summary

• 1. Time:
  2025-06-17 – 00:00 UTC
• 2. Prices:
  Open: 105594.02000000
  High: 108952.38000000
  Low: 104980.37000000
  Close: 106794.53000000
• 3. Last 5 days’ closing prices:
  2025-06-12: 105671.73000000
  2025-06-13: 106066.59000000
  2025-06-14: 105414.64000000
  2025-06-15: 105594.01000000
  2025-06-16: 106794.53000000
• 4. Volume:
  BTC: 14922.6654
  USD: $1599849840.7325
• 5. Number of trades:
  2928998
• 6. Indicators:
  RSI: 52.7800
  MFI: 55.1300
  BB Upper: 110203.81000000
  BB Lower: 102012.29000000
  MACD: 737.09000000
  Signal: 1034.97000000
  Histogram: -297.88000000
• 7. Moving Averages:
  SMA:
  7=106923.00000000
  14=106134.36000000
  21=106108.05000000
  30=106733.55000000
  50=103869.48000000
  100=94347.87000000
  200=95755.01000000

  EMA:

  7=106409.96000000
  14=106363.04000000
  21=106057.06000000
  30=105265.92000000
  50=102932.93000000
  100=98635.69000000
  200=92715.19000000

  HMA:

  7=105586.12000000
  14=106453.38000000
  21=107318.56000000
  30=106448.77000000
  50=107231.05000000
  100=111675.55000000
  200=101801.32000000
• 8. Supports:
  S1: 103985.48000000 – 103105.09000000
  S2: 101508.68000000 – 99950.77000000
  S3: 96945.63000000 – 90056.17000000
  S4: 87325.6 – 86310
• 9. Resistances:
  R1: 109434.79000000 – 110797.38000000
  R2: 111696.21000000 – 111980.00000000
• 10. Psychological Support:
  100000.00000000
• 11. Psychological Resistance:
  110000.00000000
• 12. Funding Rate:
  0.0028% (Technically Positive)
• 13. Open Interest:
  78624.3890
• 14. Fear & Greed Index:
  61 (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.