NewsBTC
Jun 19, 2025
5 0

Bitcoin Price Declines Below $106,000 as Consolidation Continues

Bitcoin price is in decline, currently facing resistance near $105,500.

  • Price fell below $106,000 and the 100 hourly Simple moving average.
  • A bearish trend line is forming with resistance at $105,200 on the hourly chart.
  • Potential for a fresh increase if it maintains above the $103,500 zone.

Current Market Status

Bitcoin has declined below the $108,000 level, dipping to a low of $103,400. A minor recovery occurred, but the price remains below key levels:

  • Immediate resistance at $105,200.
  • Significant resistance at $105,500 and $106,150.
  • A close above $106,150 could lead to testing $108,800.

Potential Downward Trend

If Bitcoin does not surpass $105,500, it may decline further:

  • Support levels at $104,200 and $103,500.
  • Next support near $102,650 and $101,200.
  • Main support at $100,000; further losses may trigger bearish momentum.

Technical indicators show the MACD losing pace in the bearish zone, while the RSI is near 50.