June 28, 2025 | Bitcoin Market Analysis | By StockMarketRulers.com
Bitcoin (BTC/USD) is currently trading at $107,393, showing signs of consolidation after a strong rally in April and May 2025. Based on the latest daily chart analysis from Bitstamp, the price is forming a symmetrical triangle pattern, often a precursor to a significant breakout.
🔍 Chart Analysis Highlights:
- Triangle Formation: Bitcoin is trading within a converging range, defined by lower highs and higher lows – a classic symmetrical triangle. The upper resistance trendline is sloping down from the May high, and support is rising from the June low.
- Support & Resistance:
- Immediate resistance lies around $110,500 (top of the triangle, also aligning with the upper Bollinger Band).
- Key support is seen near $101,500, the lower boundary of the triangle and close to the lower Bollinger Band.
- Bollinger Bands: Bands are tightening, indicating low volatility and a potential volatility expansion soon, which usually signals a breakout.
- Volume Analysis: Volume has been declining during the triangle formation, a typical trait before a breakout. Watch for a volume spike on the breakout side to confirm direction.
- 200 SMA Level: The chart shows price dancing near the 20-day SMA (~$106,011). A decisive move above the triangle resistance with volume could push BTC toward $120,000, while a breakdown below $101,500 may test $95,000–$92,000 support levels.
📈 What’s Next for BTC?
Traders are advised to remain cautious. A daily close above $110,500 with volume could confirm a bullish breakout. Conversely, a break below $101,500 may invite bears back into the market. Stay alert as BTC approaches the apex of this tightening triangle.
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⚠️ Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves high risk. Please consult your financial advisor before making investment decisions. The analysis provided is based on current chart patterns and does not guarantee future results.
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