📊 Bitcoin (BTC/USD) Intraday Outlook – June 18, 2025
Bitcoin Recovers Sharply from Intraday Lows as Buyers Regain Momentum
Bitcoin (BTC/USD) traded at $105,075 at the time of writing, down a marginal 0.12%, but showing strong intraday recovery after falling to a session low of $103,960. The price rebounded off the lower Bollinger Band and surged past the midline, suggesting renewed short-term buying interest.
🔍 Technical Highlights:
- Bollinger Bands: BTC bounced near the lower Bollinger Band support at $103,960 and is now testing the upper band at $105,223, indicating strong resistance and a potential breakout zone.
- 20-SMA Midline: The price has crossed above the 20-SMA ($104,591), which now acts as immediate support. Sustained trading above this could signal a trend reversal.
- RSI (Relative Strength Index): The 14-period RSI has surged to 57.68, rising above the signal line (45.65) — a bullish divergence that reflects increasing buyer strength and momentum.
- Volume Confirmation: A noticeable spike in volume accompanied the bullish candles during the recovery move, indicating market participation and strength behind the rebound.
🧭 Outlook for Next Session:
- If BTC breaks and closes above $105,223, it could open the path toward $105,800–106,200 resistance zone.
- On the downside, holding above $104,591 is crucial for sustaining upward momentum. A break below may lead back to $103,960 support.
- Short-term traders may eye a bullish continuation if RSI holds above 55 and price consolidates above the mid-Bollinger Band.
📈 Sentiment Summary:
After a volatile session, Bitcoin shows signs of short-term strength, with indicators leaning bullish. A strong bounce from support and rising RSI hint at potential continuation of the upward move, especially if BTC can pierce through the $105,200 resistance cleanly.
⚠️ Disclaimer:
This technical analysis is intended for informational purposes only and does not constitute investment advice. Cryptocurrency markets are highly volatile and involve significant risk. Always consult a certified financial advisor before making any investment decisions. The author does not hold any positions in Bitcoin at the time of writing.
