Bitcoin Technical Analysis: Market Outlook on June 12, 2025

Technical analysis of Bitcoin on June 12, 2025, exploring resistance, support, and indicators.

On June 12, 2025, Bitcoin is trading around $104,407, reflecting a 2.49% decline over the past 24 hours. This technical analysis leverages market data and common indicators to provide insights into Bitcoin’s potential trajectory. **Resistance and Support Levels Analysis** Bitcoin is currently near a critical resistance zone between $105,880 and $106,934. This range has acted as a strong barrier in the 4-hour timeframe, rejecting price multiple times. A breakout above this resistance could pave the way for a rally toward $111,500. Conversely, key support levels are at $102,500 and $100,000. Increased selling pressure could drive the price back to these zones. **Technical Indicators** The Relative Strength Index (RSI) stands at 51, indicating a neutral market condition. However, its proximity to the overbought territory (above 70) suggests a potential loss of bullish momentum. The MACD, with a value of 923.400, shows a slowdown in upward momentum but remains in positive territory. The 50-day Moving Average (MA50) acts as dynamic support around $102,000, while the 200-day Moving Average (MA200) is near $98,000. **Price Patterns** In the 4-hour timeframe, a Bullish Flag pattern has been observed, recently breaking above its upper boundary. This pattern typically signals a continuation of the uptrend, but the strong resistance at $106,934 raises the possibility of a pullback to lower levels before further gains. Some analysts also note the potential formation of a Double Top pattern, which, if confirmed, could lead to a deeper correction toward $93,000. **Market Outlook** In the short term, Bitcoin may experience a price correction toward $100,000 or lower due to selling pressure at the current resistance. However, the long-term market structure remains bullish, and a breakout above current resistance levels could drive Bitcoin toward higher targets like $125,000. Fundamental factors, such as institutional adoption and monetary policies, may further support this trend. **Conclusion** The technical analysis of Bitcoin on June 12, 2025, highlights a market at a pivotal moment. Traders should closely monitor key resistance and support levels and use indicators to confirm entry and exit signals. Risk management is crucial in this volatile market.