Bitcoin Tests Key Support in Rising Channel – Will Bulls Hold the Line?

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June 30, 2025

June 30, 2025 – Crypto Market Update:
Bitcoin (BTC/USD) is currently hovering near critical support in a rising channel, trading at $107,370, down 0.17% in the past hour. The price is at an inflection point, and the next few sessions could define short-term momentum as bulls and bears battle near the lower trendline.


📉 Chart Analysis: 1-Hour BTC/USD Trend

The 1-hour chart shows Bitcoin moving inside a well-defined ascending channel, with price currently testing the lower boundary (~$107,000).

  • Resistance: $108,800 (upper Bollinger Band and channel top)
  • Support: $106,988 to $107,000 (lower Bollinger Band and channel base)
  • Midline (20-SMA): $107,908 is currently acting as a resistance after recent rejection.

🔍 The current red candle near the lower trendline suggests pressure from bears, but the Bollinger Bands remain wide, indicating potential for high volatility. A breakdown below $107,000 could accelerate downside toward $105,800 or $104,700 in the near term.

📎 Internal Link Suggestion:
👉 How to Trade Bitcoin Support & Resistance Zones


🔮 What to Watch Next

  • Bullish Scenario: If BTC holds the channel and bounces back, a move toward $108,800 is likely.
  • Bearish Scenario: If support at $107K breaks with volume, expect short-term selling pressure toward $106K–$104K.
  • Volume Indicator: Recent spike in volume near the lower band suggests high trader interest at this support zone.

📎 External Resource:
👉 Live Bitcoin Chart


⚠️ Disclaimer:

This article is for educational purposes only and does not constitute financial advice. Cryptocurrency investments are subject to high volatility and market risks. Always do your own research or consult a licensed financial advisor.

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