Bitcoin Survives The Slump And Rises To $106,000

Jun 25, 2025 at 15:51 // Price
Author
Coin Idol
Bitcoin has resumed its positive trend

Bitcoin (BTC) prices recover when they cross moving average lines.

Bitcoin price long-term prediction: bullish

Coinidol.com reported previously that on June 22, BTC fell below the psychological $100,000 mark, but the bulls bought the dips. Had the downtrend continued below the $100,000 support, Bitcoin would have fallen to a low of $94,800.

Nonetheless, Bitcoin has resumed its positive trend above the moving average lines. Bitcoin has risen above the 21-day SMA support and has reached a high of $106,000. It is expected that Bitcoin will reach a high of $110,000, but must first overcome the barrier of $108,000. In the meantime, Bitcoin has returned to the positive trend line.

BTC price indicators analysis

Bitcoin has risen above the moving average lines since June 23. The horizontal lines of the moving average are below the price bars. The price bars are above the moving average lines on the 4-hour chart. This illustrates the cryptocurrency's potential to move above the moving average lines.

Technical indicators

Key supply zones: $108,000, $109,000, $110,000

Key demand zones: $90,000, $80,000, $70,000      

BTCUSD (Daily Chart) - June 24.jpg

What is the next move for BTC price?

On June 22, Bitcoin broke through the psychological price barrier of 100,000 dollars and survived its crash. At the same time, Bitcoin recovered and rose above the moving average lines.

The bullish momentum was maintained above the moving average lines. The uptrend has paused below the $106,000 level. The altcoin is expected to hit a high of $110,000 if it breaks above the $106,000 threshold.

BTCUSD_(4-Hour Chart) - June 24.jpg

Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.

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