Bitcoin (BTC) is in free fall, will it continue to lose money in June 2025?

Jakarta, Pintu News – Bitcoin (BTC) experienced a sharp decline after failing to break through the $108,800 resistance zone. The crypto’s price continued to slide, breaking through the $108,000 and $107,000 levels, before finally bottoming out at $103,400. Currently, Bitcoin (BTC) is trying to consolidate its losses, but it still faces a tough challenge below the 100-hour simple moving average.

Recent Technical Analysis

In recent trading, Bitcoin (BTC) registered a significant drop below the $106,200 support, and briefly tested the $103,500 zone. After bottoming out at $103,400, there was a slight rise above the 23.6% Fibonacci retracement level of the move down from $108,924 to $103,400. However, the recovery attempt seems to be weak, with a short-term triangle formation seen on the hourly chart of the BTC/USD pair.

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Potential Upward Price Movement

If Bitcoin (BTC) manages to break the $106,200 resistance, there is potential for the price to increase further. The next immediate resistance is at $105,200, with the first key resistance at $105,500. If it is able to pass this, the next target is $106,200, which is adjacent to the 50% Fibonacci retracement level of the last decline. A close above this zone could push the price towards $108,000, and possibly even reach $110,000.

Possibility of Further Decline

However, if Bitcoin (BTC) fails to break the $106,200 resistance zone, the price may drop again. Immediate support is at $104,200, with the next major support at $103,500. The next support is at the $102,500 zone. If the decline continues, the price could head to $101,200 support in the short term. Major support is at $100,000, below which, Bitcoin (BTC) may experience stronger bearish momentum.

Bitcoin’s (BTC) Future in Uncertainty

With technical indicators showing a loss of momentum in the bearish zone and the RSI (Relative Strength Index) falling below the 50 level, the short-term outlook for Bitcoin (BTC) looks bleak. Investors and traders should be wary of further price movements, as Bitcoin (BTC) is still under significant selling pressure.

Read More: Will Selling Pressure Shake Chainlink’s Bullish Dominance?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Bitcoin Price Stumbles to $10.8K, But Here’s Why the Bull Case Remains Strong. Accessed on June 19, 2025
• Featured Image: The image created by AI