Bitcoin Technical Analysis: Market Outlook for June 10, 2025

Technical analysis of Bitcoin on June 10, 2025, covering support/resistance zones and indicators.

The technical analysis of Bitcoin on June 10, 2025, reveals a dynamic market with significant volatility. Currently, Bitcoin is trading around $110,300, reflecting a 3.5% increase from the previous day. However, signs of a short-term correction are emerging, prompting traders to reassess their strategies. **Support and Resistance Zones** The key resistance zone for Bitcoin lies between $111,500 and $112,000. This level has repeatedly acted as a strong price ceiling, halting upward momentum. A breakout above this zone could propel Bitcoin toward $120,000. On the downside, the primary support zone is between $100,000 and $102,000, which has recently served as a solid price floor, preventing further declines. Should this support fail, the next level to watch is around $92,000. **Technical Indicators** The Relative Strength Index (RSI) on the daily timeframe stands at 68, indicating conditions close to overbought territory. This suggests a potential short-term price correction. The 50-day moving average (MA50) is around $103,000, while the 200-day moving average (MA200) is near $95,000. Historically, crossovers between these moving averages have signaled trend changes. Currently, the price is above both moving averages, supporting a mid-term bullish outlook. The MACD indicator shows a weak buy signal, but its lines are converging, which could soon produce a sell signal. **Price Pattern Analysis** On the 4-hour timeframe, a bullish flag pattern is forming, typically a sign of trend continuation. However, a breakout above the $112,000 resistance is necessary to confirm this pattern. Without it, a corrective move toward the $100,000 support zone is possible. Additionally, trading volume has recently declined, indicating a potential slowdown in bullish momentum. **Market Outlook and Recommendations** Based on current data, Bitcoin may experience a short-term correction toward $100,000, which could present a buying opportunity at lower levels. Traders should closely monitor the $112,000 resistance, as a breakout could trigger a strong bullish rally. Risk management is critical in this volatile market, and setting stop-loss orders is highly recommended. In the mid-term, Bitcoin retains bullish potential, with the possibility of reaching higher levels like $125,000, supported by market structure and indicators.