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Jun 30, 2025

BTC chart on the hourly time frame

BTC chart on the hourly time frame

Previously, we wrote; “Despite our previous inclination, BTC managed to push above the 106.5K area and reach 108.5K resistance area. 

We view the (108.5 – 109)K range as a significant resistance range. A clear break above this range should drive BTC towards 110.5K and 112K.”

BTC managed to break above the 106.5K and reached the (108.5 – 109)K resistance range as previously discussed. 

At this point, BTC is showing signs of weakness in momentum. We are more inclined not to see a further rally today.

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