Bitcoin Technical Analysis: Market Outlook on June 14, 2025

Technical analysis of Bitcoin on June 14, 2025, focusing on support/resistance levels, indicators, and market trends.

The technical analysis of Bitcoin on June 14, 2025, reveals a dynamic market with bullish potential, tempered by significant obstacles. Based on market data, Bitcoin is currently trading around $104,550, reflecting a 2.49% decline in the past 24 hours. However, the broader market trend in longer timeframes remains bullish, with signs of a potential short-term correction. **Key Support and Resistance Levels** Key support levels are situated between $100,000 and $102,500, which have historically acted as price reversal zones. This range aligns with the long-term ascending trendline and could serve as a strong area for buyers. Conversely, major resistance lies between $105,880 and $106,934. A breakout above this zone could pave the way for a move toward $111,500, but failure to breach this level may lead to a deeper correction. **Indicator Analysis** The Relative Strength Index (RSI) on the daily timeframe is around 60, indicating bullish momentum but approaching overbought territory. This could signal a temporary pause in the uptrend. The 50-day (MA50) and 200-day (MA200) moving averages remain in a bullish configuration, supporting the overall trend. However, a bearish divergence in the MACD indicator suggests weakening momentum. **Price Patterns** In the 4-hour timeframe, a bullish flag pattern is visible, typically a sign of trend continuation. This pattern formed after an initial breakout from $97,860 and could lead to a move toward $110,000 if the key resistance is broken. However, a drop below the ascending trendline could see prices retreat to $100,000. **Trading Volume Analysis** The 24-hour trading volume stands at $51.33 billion, reflecting high market activity. Increased volume during a breakout or pullback to support could confirm the strength of the move. Currently, volume has tapered off near resistance levels, suggesting hesitation among buyers. **Trading Strategy** For traders, the optimal approach is to wait for confirmation of a breakout above resistance or a pullback to support. Entering near support with a stop-loss below $100,000 can minimize risk. Additionally, precise risk management and attention to fundamental factors, such as Federal Reserve decisions or geopolitical developments, are crucial. **Conclusion** Bitcoin’s market is at a critical juncture. While the overall trend is bullish, strong resistance and diverging indicators call for caution. Traders should closely monitor the market and employ robust risk management strategies.