$BTC

June 15,2025

📈 Market Overview

• Current Price: ≈ $116,975 (down ~2.3% in the past 24 h)

• 24 h Range: $115,930 – $120,309

• 24 h Change: –2.3%, after a swift drop from new highs above $123K amid profit-taking .

Bitcoin surged to a record high near $123K Monday–Tuesday, spurred by strong institutional inflows and supportive U.S. “crypto week” news. Yet it has since retraced ~5%, holding around $117K. ()

🔍 Technical Indicators

• RSI (14): ~75 → overbought territory, suggesting short-term exhaustion

• MACD: Bullish crossover but showing early signs of plateauing

• Stochastic RSI & Fast Stoch: Extremely overbought (e.g. Stoch RSI ~99) → high pullback risk ()

• ADX: Around 23 (neutral to slightly strong trend) ()

• Moving Averages: Trading well above short- and long-term EMAs (20, 50, 100, 200‑day MAs all in buy zones), reinforcing bullish bias .

📊 Key Levels

• Resistance:

• Intraday ceiling: $120K–$123K

• Short-term upside target: $126K–$133K, per hourly breakout outlook

• Intermediate target: $140K, noted by Binance and FXLeaders analysts

• Support:

• Immediate: $115,900–$116,300 (today’s intraday low range)

• Secondary: $111,960–$113,700, aligned with 38.2%–61.8% Fibonacci retracement

• Deeper: $110K psychological mark; initial cluster gap zone around $110K–$116K has minimal trading volume ()

🔮 Predicted Daily Range (July 15)

• Upside Potential: $120K → $123K, stretch to $126K+ if momentum resumes and volume/inflows pick up.

• Downside Risk: $115,000 → $113,000, possibly dipping even deeper into the $111K zone if profit-taking continues.

✅ Conclusion

• Trend: Broadly bullish, but short-term overbought — expect a consolidation phase or pullback.

• Momentum: RSI & MACD remain supportive, though near-term indicators flag caution.

• Volume & Volatility: ETF-driven institutional demand is smoothing volatility, but inertia may delay new highs .