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.
BTC/USD price dynamics (Source: TradingView)
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
Disclaimer: The information contained in this article is for information and educational purposes only. This article does not constitute any kind of financial advice or advice. Coin Edition is not liable for any losses that arise as a result of your use of the content, products or services mentioned. We encourage readers to take caution before taking any actions related to the company.
