Bitcoin Price Eyes $ 108K as marketing debates Breakout or Bull Trap


TLDR:

  • Bitcoin Price approaches $ 108K, and publishes 1.62% daily and 2.11% weekly profits.
  • Analysts see resistance of $ 108.9,000, with $ 104.5,000 as key support.
  • Daily volume down 49%and raises doubt about speed strength.
  • Ichimoku and TK signals flash mixed messages among macro shifts.

Bitcoin is again Trying its climb towards new annual heights, which gives mixed reactions across the market. After recovering from Juny’s war -driven Dragback, BTC is again approaching the level of $ 108,000.

While the move suggests a strongly haussearted momentum, analysts warns that the current structure may not support a long -lasting outbreak. Price measures remain volatile, with several indicators pointing to potential weakness ahead.

When risk resources are gathered globally, the crypto market faces an important moment.

Bitcoin price moves closer to resistance levels

Bitcoin traded at $ 107 019 at press time and marked a profit of 1.62% over the past 24 hours.

Bitcoin price on Co Ringecko

The price also rose by 2.11% on this week’s diagram. However, the daily trade volume fell almost 49% from the previous day, which reflected weaker short -term market participation.

According to Zen (@Wiseanalyze), the next liquidity target is over the swing on June 17, which potentially extends to $ 108 366.

He noted that cleansing the $ 108,900 could annul the latest Baissearten that followed geopolitical tensions. Even with a breakout, he expects Bitcoin to look over $ 104,500- $ 103,600 interval before a Lasting movement higher.

Diagram signals remain mixed. Dr. Cat (@doctorcatx) commented that Bitcoin currently acts within a neutral area. He warned that while prices have been moving higher, the structure lacks confirmation for a raised trend.

On the Ichimoku diagram, Bitcoin is traded over the cloud, but the presence of a Baissearted TK cross provides uncertainty. The Chikou range has moved close to the bodies of light but has not yet cleared previous resistance levels.

If bulls intend to squeeze higher, they may have a narrow window of 2-3 days before Baisseish Momentum recovers control.

Macroperters add complexity

In addition to the diagrams, macro signals show a rising appetite for risk. Nasdaq recently published a new highest time, While the S&P 500 is close to doing the same.

In the meantime, Gold prices fall when investors rotate capital against equities and crypto. This displacement has added fuel to the current Bitcoin rally. However, concern remains if this feature reflects the beginning of a new bull bike or a temporary trap for surrendered traders.

According to Zen’s analysis, the support is close to $ 105,534 and $ 104,544. Resistance zones remain close to $ 108,900 and $ 110,700. The heat maps of liquidation suggest potential volatility around these levels, which makes risk management decisive in the short term.

While the current price measure shows strength, analysts agree that confirmation is needed before they call this a real breakout. At the moment, the Bitcoin price remains in a critical range that can define its direction for the rest of the summer.





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