Bitcoin Poised for Potential Recovery Despite Bearish Pressure – Market Analysis – 2025-06-24

Market Analysis

Certainly! Here's a polished, professional English version of the provided introduction and analysis of the Bitcoin crypto market, written to flow naturally and convey the original insights clearly without literal translation.

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**Introduction**

In today’s analysis, we will focus on Bitcoin’s recent price movements and overall market sentiment, with particular attention to the volatility observed over the past few days. Assessing the price direction through technical indicators and the latest news developments has become crucial at this juncture.

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**Market Analysis**

Over the past several days, Bitcoin attempted to break above the upper boundary of its long-term trading range between 85,000 and 110,000. However, it was unable to surpass the liquidity cluster near 113,000, which has emerged as a significant resistance zone. The recent price pullback accompanied by rising trading volume signals growing bearish pressure, pushing Bitcoin towards a neutral-to-bearish trend around the 103,000 level. Although the level of 113,000 remains unbreached, this failed breakout has heightened the importance of the support zone near 103,000, which will be critical in determining whether the price rebounds or declines further.

Looking at momentum indicators, the Relative Strength Index (RSI) declined steadily over the last five days, dipping to 29.25 on June 21—close to the oversold territory—indicating short-term bearish momentum. Similarly, the Money Flow Index (MFI) touched a low of 31.43, reflecting a reduction in cash inflows. The MACD also entered negative territory on June 22, reaching -504.43, which further confirms bearish momentum. However, a sudden price uptick on June 23, combined with the RSI rising to 54.30, suggests a degree of relief in the market. Still, with the MACD remaining negative, this points to potential for further correction.

Examining Bollinger Bands, Bitcoin’s closing price on June 23 hovered near the middle band, indicating a consolidation or range-bound market. Meanwhile, the lower band around 100,664 is providing robust support.

Trading volumes and transaction counts showed notable spikes on June 22 and 23, nearly tripling in size, highlighting increased market activity and potential attempts at a reversal. However, since much of this volume occurred during bearish pressure, it reflects temporary dominance by sellers. Moving averages have slightly declined; for example, the 7-day Hull Moving Average (HMA) fell to 102,333 on June 23, remaining below the current price, which closed near 105,333—a short-term bullish sign. The 14- and 21-day Simple and Exponential Moving Averages (SMA and EMA) remain relatively stable, though overall market uncertainty persists.

In terms of key support and resistance levels, the range between 103,985 and 103,105 constitutes the first major support zone. A breakdown here could lead to a second support range between 101,508 and 99,950, which aligns closely with the psychologically significant 100,000 mark. Below that, a third support band extends roughly from 96,945 to 90,056. On the upside, resistance lies between 105,857 and 106,457; overcoming this zone would be a positive development. Beyond that is the range from 109,434 to 110,797, near the upper boundary of the long-term trading range.

The Fear and Greed Index currently sits between 42 and 47, reflecting a mildly bearish to neutral medium-term sentiment. Meanwhile, a slight uptick in the funding rate and a 4.27% increase in open interest indicate growing market engagement, even though bearish pressure remains dominant.

From a broader perspective, recent geopolitical tensions and U.S. military activities have injected uncertainty into the crypto space, exerting downward pressure on Bitcoin’s price. Conversely, research from Fidelity and other institutional players highlighting long-term investment prospects has provided some stability. Additionally, the CME gap above 92,000 signals a possible near-term downside correction; should this gap be filled, Bitcoin could see further declines before a potentially strong rebound.

In summary, Bitcoin’s current price action reflects a complex and finely balanced environment. Despite short-term bearish pressure, there are encouraging signs of potential stabilization. The inability to clear the liquidity cluster near 113,000, combined with the pullback toward 103,000, has put the market on alert. Yet, rising volume and improving closing prices suggest that after some short-term correction, we may see renewed strength or at least a price consolidation. Investors are advised to closely monitor key support and resistance levels, paying attention to market sentiment and technical signals, as the current lack of a clear trend leaves Bitcoin susceptible to significant moves in either direction.

Data Summary

• 1. Time:
  2025-06-24 – 00:00 UTC
• 2. Prices:
  Open: 100963.87000000
  High: 106074.20000000
  Low: 99613.33000000
  Close: 105333.93000000
• 3. Last 5 days’ closing prices:
  2025-06-19: 104658.59000000
  2025-06-20: 103297.99000000
  2025-06-21: 102120.01000000
  2025-06-22: 100963.87000000
  2025-06-23: 105333.93000000
• 4. Volume:
  BTC: 27666.5061
  USD: $2836166831.0444
• 5. Number of trades:
  4944207
• 6. Indicators:
  RSI: 54.3000
  MFI: 33.4200
  BB Upper: 109972.52000000
  BB Lower: 100664.95000000
  MACD: -381.37000000
  Signal: 114.66000000
  Histogram: -496.03000000
• 7. Moving Averages:
  SMA:
  7=103687.48000000
  14=105305.24000000
  21=105318.73000000
  30=105750.68000000
  50=105046.70000000
  100=95852.18000000
  200=95992.69000000

  EMA:

  7=103876.71000000
  14=104584.13000000
  21=104855.98000000
  30=104650.66000000
  50=103106.48000000
  100=99292.74000000
  200=93456.22000000

  HMA:

  7=102333.64000000
  14=102293.78000000
  21=102874.13000000
  30=104340.24000000
  50=105139.72000000
  100=110843.81000000
  200=104241.74000000
• 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:
  0.0049%
• 13. Open Interest:
  78683.3020
• 14. Fear & Greed Index:
  47 (Neutral)

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