Bitcoin ($BTC) Price Prediction for June 14, 2025
The post Bitcoin ($BTC) Price Prediction for June 14, 2025 appeared on BitcoinEthereumNews.com. After an intense bout of selling pressure across crypto majors, the Bitcoin price today has dropped to around $104,020, down nearly 1.6% over the past 24 hours. This correction comes just days after bulls failed to maintain support above the 0.5 Fibonacci retracement level near $106,235, leading to a sharp rejection from the upper resistance at $110,000. The downside momentum has accelerated as broader risk sentiment weakens, putting immediate focus on whether the $102,500 zone will hold in the coming sessions. What’s Happening With Bitcoin’s Price? The recent dip in the Bitcoin price action is part of a broader structure breakdown visible across lower and higher timeframes. On the 30-minute chart, BTC pierced through a key support region between $105,000 and $104,500, following which a breakdown retested the lower Bollinger Band near $104,000. The Relative Strength Index (RSI) dropped sharply to 36.8, while the MACD histogram continues to print negative values, reinforcing the bearish control. Despite a brief bounce early June 13, the Bitcoin price update shows little follow-through, indicating hesitation near the lower boundary of the Ichimoku cloud. Breakdown Confirmed As Trendlines Flip Bearish The 4-hour structure confirms the breakdown from an ascending wedge pattern, with the Bitcoin price losing its footing below a multi-day trendline that had supported price action since early June. Price is now trading well below the 20/50/100 EMAs, all of which have converged in the $106,000–$107,000 region. These now act as dynamic resistance levels. Bollinger Bands are widening on the 4-hour chart, suggesting rising Bitcoin price volatility. Additionally, the MACD continues to trend lower with no crossover in sight, adding to bearish bias. Daily Outlook Points to Deeper Retest Below $104K On the daily chart, the rejection from the $112,000 region has led to a sharp drop back to the 0.236 Fibonacci level at…
The post Bitcoin ($BTC) Price Prediction for June 14, 2025 appeared on BitcoinEthereumNews.com.
After an intense bout of selling pressure across crypto majors, the Bitcoin price today has dropped to around $104,020, down nearly 1.6% over the past 24 hours. This correction comes just days after bulls failed to maintain support above the 0.5 Fibonacci retracement level near $106,235, leading to a sharp rejection from the upper resistance at $110,000. The downside momentum has accelerated as broader risk sentiment weakens, putting immediate focus on whether the $102,500 zone will hold in the coming sessions. What’s Happening With Bitcoin’s Price? The recent dip in the Bitcoin price action is part of a broader structure breakdown visible across lower and higher timeframes. On the 30-minute chart, BTC pierced through a key support region between $105,000 and $104,500, following which a breakdown retested the lower Bollinger Band near $104,000. The Relative Strength Index (RSI) dropped sharply to 36.8, while the MACD histogram continues to print negative values, reinforcing the bearish control. Despite a brief bounce early June 13, the Bitcoin price update shows little follow-through, indicating hesitation near the lower boundary of the Ichimoku cloud. Breakdown Confirmed As Trendlines Flip Bearish The 4-hour structure confirms the breakdown from an ascending wedge pattern, with the Bitcoin price losing its footing below a multi-day trendline that had supported price action since early June. Price is now trading well below the 20/50/100 EMAs, all of which have converged in the $106,000–$107,000 region. These now act as dynamic resistance levels. Bollinger Bands are widening on the 4-hour chart, suggesting rising Bitcoin price volatility. Additionally, the MACD continues to trend lower with no crossover in sight, adding to bearish bias. Daily Outlook Points to Deeper Retest Below $104K On the daily chart, the rejection from the $112,000 region has led to a sharp drop back to the 0.236 Fibonacci level at…
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