Bitcoin is hanging around the $100,000 mark, making investors a little nervous. Analysts are pointing to June 22, 2025, as a potentially volatile day for the cryptocurrency. This prediction is based on historical patterns and technical indicators.
June 22nd: A Critical Date
Technical analysis suggests June 22nd, 2025, will be a crucial turning point for Bitcoin. One analyst, using TradingView, highlights this date as the start of a significant volatility period. Whether Bitcoin goes up or down depends on how it reacts to key support and resistance levels.
Current Price Action and Key Levels
Bitcoin is currently trading near $104,731. A key range sits between $104,463 and $106,133 – a sort of midpoint. The lower end of this range, around $99,705, is a significant support level. The analyst’s prediction for June 22nd is tied to this level and a technical indicator called the M-Signal.
What Happens Next?
If Bitcoin drops below $99,705, it could signal a more significant correction, possibly down to $89,294. However, if it stays above this level and breaks through the $108,316 resistance, the price could surge towards $109,598 or even $111,696.
Signs of a Standoff
Looking at other indicators, the On-Balance-Volume (OBV) is below zero, suggesting selling pressure. However, the momentum of selling seems to be weakening. This, combined with Bitcoin bouncing off support, indicates a tense standoff in the market. A break below $99,705 could lead to a retest of lower prices.
The Bottom Line
For now, the focus is on the $104,000 to $106,000 range. A decisive move above or below this range, particularly around June 21-23, will likely determine Bitcoin’s next major price movement.
