Bitcoin Analysis: Market Outlook on June 12, 2025

Bitcoin trades at $104,407. Analysis suggests bearish pressure with potential price correction.

Bitcoin is trading at $104,407 on June 12, 2025, reflecting a 2.49% decline over the past 24 hours. Technical analysis indicates price compression between the 50-hour and 200-hour moving averages, often a precursor to sharp price movements. A bullish flag pattern has been observed on the 4-hour timeframe, but the key resistance zone between $105,880 and $106,934 has so far capped upward momentum. Analysts suggest that breaking this resistance could propel Bitcoin toward $111,500, but failure to do so may lead to a correction toward support levels at $99,000 and potentially $93,000. These levels have historically acted as strong support zones. On-chain data shows a daily trading volume of $51.33 billion, indicating robust market activity. However, indicators like the RSI at 51 suggest a neutral market state. Fundamental factors also play a significant role. Economic and political developments, particularly Federal Reserve decisions on interest rates, could sway Bitcoin’s price. Some analysts note that the absence of strong catalysts, such as recent political endorsements, has kept Bitcoin in a consolidation phase. Yet, the long-term outlook remains bullish, with some projections targeting $125,000 in the coming months. For traders, monitoring key support and resistance levels is crucial. Strategies like waiting for a breakout above resistance or buying at support levels could be effective, but given the crypto market’s volatility, risk management and stop-loss orders are essential. Overall, Bitcoin stands at a critical juncture: a breakout could fuel a bullish run, while failure to breach resistance may trigger a correction. Traders should closely monitor market developments and combine technical and fundamental analysis for informed decisions.