After a strong reversal from a low of $100,000 earlier this week, Bitcoin prices today have been consolidated nearly $106,300. The recovery rally pushed the BTC into a critical supply zone of around $106,500-107,000. This is the level that has caused multiple rejections previously. The momentum in the daytime remains positive, but unless the Bulls regain control at a stronger volume, the indicators suggest a potential cooldown phase.
What will happen to Bitcoin prices?
BTC/USD price dynamics (Source: TradingView)
Bitcoin price action has entered a narrow consolidation range after regaining the $106,000 level. The current structure of the four-hour chart shows that BTC retested the upper Bollinger band, closing with the cap at close to $106,300 with a cap of $107,966. The price is far above the 20/50/100/200 EMA cluster, with the 20 EMA at $104,342, serving as dynamic support now.
BTC/USD price dynamics (Source: TradingView)
In the daily time frame, BTC escapes from the downward structure and focuses on the upper channel region between $109,770 and $114,896 based on the Fibonacci expansion zone. However, this move requires strong follow-throughs beyond pivot regions that exceed keys between $107,800 and $108,000. Meanwhile, the volume remains stable, but has not confirmed a true breakout.
Why is Bitcoin prices rising today?
BTC/USD price dynamics (Source: TradingView)
The bounce from $98,000 on June 23 caused a structural reversal and a super trend flip to the 4-hour chart. This shift was supported by a MACD crossover showing bullish divergence of RSI at low pressures and an accumulation of momentum of approximately $100,000. Currently, the RSI (30 min) is held at 56.13, neutralizing the recent divergence of bearishness, with mild strength indicating strong strength, but no overexpansion.
While on-chain indicators like the OBV (1.73m) are recovering, the $102,432 super trend level serves as a pivot trigger for this short-term bullish sequence. However, the price is beginning to compress near the 106.5K band, and previous breakouts failed without checking the volume.
The Directional Movement Index indicates that +DI is slightly above -DI (24.04 vs 22.41), but ADX remains below 20, suggesting a non-trend environment unless the breakout continues. Additionally, the VI indicator remains indecisive, with the VI leading the VI+ slightly, paying attention to short-term bullish bets.
Bitcoin price indicators show momentum cooling near resistance
BTC/USD price dynamics (Source: TradingView)
Bitcoin’s price spike was initially driven by recovering approximately $104,000 at VWAP and Central Supply levels. The SAR (Stop and Reverse) indicator is plotted under $106,055 under the price, maintaining a buy-side bias, but reducing the steepness of the slope.
BTC/USD price dynamics (Source: TradingView)
In terms of structure, Bitcoin sits on the neckline of a minor bullish continuity pattern. However, prices are below the major liquidity zones of recurring between $106,800 and $107,200. This historically acted as a bull trap. Trendline expansion from lower time frames still shows higher lows, increasing the upward bias for now.
BTC price forecast: Short-term outlook (24 hours)
BTC/USD price dynamics (Source: TradingView)
The daily Fibonacci pitchfork supports an upward movement to $109,770 and $114,896 if the Bulls surpass the $107,833-$108,000 red zone. Failure to maintain above $106,000 could potentially bring the pair back to $104,268 for retesting, or even $102,943.
Bitcoin’s price update shows a food stall under $106,500 as the Bulls test their key resistance zone. If the current structure exceeds $107,000 in volume, the BTC will be extended to $109,400 (FIB R3) and can potentially be expanded to $114,800. A clean flip to support a $107,800 resistance adds a conviction to this outlook.
Conversely, with a rejection from $106,800 without volume, BTC is sent to the EMA support band between $104,300 and $102,900. The breakdown under this zone could bring new short-term pressure to $100,000, and even on a demand basis could lead to around $98,000.
Given the mix of momentum measurements and price compression, the next 24 hours could determine whether Bitcoin prices will remain bullish or return to integration.
Bitcoin Price Prediction Table: June 26, 2025
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