NewsBTC
Jun 23, 2025
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Bitcoin Price Declines Below $103,000 Amid Market Consolidation

Bitcoin Price Update

  • Bitcoin is in a decline below $103,000.
  • Current trading price is below $102,500 and the 100 hourly Simple Moving Average.
  • A bearish trend line is forming with resistance at $101,250 on the BTC/USD hourly chart.
  • Support levels are at $100,150 and $98,500, with a major support at $95,000.
  • If Bitcoin remains above $100,000, a potential increase may occur.

Bitcoin Price

  • Immediate resistance is near $101,250, with key levels at $102,500 and $103,500.
  • A close above $103,500 could lead to further gains towards $105,000 and $106,200.
  • Failure to surpass $102,000 may trigger another decline.

Technical indicators show MACD losing momentum in the bearish zone and RSI below 50.