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.
