Bitcoin costs at the moment are buying and selling practically $101,200 after a risky weekend session through which consumers defend an important liquidity pocket of over $100,000. With the June twenty seventh choice expiration date approaching, the worth motion displays tightening of situations as bulls and bears collide close to main know-how zones.

The broader construction stays within the vary on the larger timeframe, whereas the decrease timeframe reveals that it weakens the indicators of elevated bullish momentum and volatility.

What’s going to occur to Bitcoin costs?

As of June 23, 2025, Bitcoin costs are underneath strain following a denial from the $105,200 zone. This suits each trendline resistance and former order blocks. Costs are simply above $101,000 after sweeping out the important thing assist cluster on June 21, with sellers remaining underneath $103,000.

The current rejection marks a 3rd unsuccessful try this month, exceeding $106,000. On the 12-hour and day by day charts, the BTC construction stays impartial to baring, with worth buying and selling under all main EMAs (20/50/100/200). This alignment types a bearish cluster that implies that sellers proceed to regulate short-term developments.

The present Bitcoin worth motion coincides with the large sell-side liquidity seen at round $105,000-$106,000. If the worth can not retrieve this zone previous to the June twenty seventh choice’s expiration date, we can not rule out further draw back strain on a assist base of between $98,000 and $100,000.

Bitcoin worth motion faces rejection with essential resistance

The four-hour chart reveals a transparent downward pattern since its peak in mid-June. Bitcoin persistently prints low highs, with costs trapped underneath a drop pattern line that has been examined a number of occasions with out checking breakouts.

A collection of order blocks between $104,200 and $106,400 function a strong overhead resistance. The most recent try to interrupt by way of this zone failed, with a pointy core refusal again to $101,000.

Moreover, the Bollinger bands on this timeframe slim down the enlargement following enlargement, a typical precursor to robust directional actions. Value refusals within the higher band on June 21 recommend that sellers are actively defending the rally.

Momentum indicators present bearish strain first

On the 2-hour and 30-minute chart, momentum indicators proceed to assist the bear. The RSI is damaged under 40, remaining within the weak zone, with the MACD histograms for each time frames turning purple, indicating bullish loss. The hidden bearish divergence of RSI could be noticed when evaluating its current swing excessive of practically $104,000 with earlier peaks.

The 4-hour tremendous pattern stays in bearish mode, with resistance pinned at $105,207. The DMI indicator on the 4-hour chart highlights the dominant -DI depth at +DI at 33.18 vs. 15.21 at 15.21, with ADX rising to 25, suggesting a rise in directional bearish momentum.

These indicators are in step with short-term merchants’ considerations about future choices expiration dates.

Change circulate and elective knowledge test for bearish bias

On June 21, a internet Bitcoin worth leak was recorded in extra of $19,572 million, with BTC priced at round $101,200 on the time, in line with on-chain change knowledge. This detrimental Netflow displays risk-off sentiment as it’s more likely to shift forward of the anticipated volatility on the June twenty seventh choice expiration date.

From a derivatives perspective, Open Curiosity stays closely skewed in direction of Places on a $100,000 strike, giving robust market forecasts for additional downsides except BTC can rapidly recuperate the $105,000 zone. This provides strain to the bull to arrange a significant bounce early within the week.

Why is Bitcoin worth dropping at the moment?

Bitcoin costs at the moment are declining as a result of a number of compounding components. First, the technical resistance between $104,200 and $106,000 stays stable. Second, key momentum indicators equivalent to RSI and MACD modified bearish over a number of time frames. Third, the June twenty seventh choice Expiry will introduce current volatility and promote the place of threat aversion.

Lastly, bearish domination over the circulate of DMI indicators and detrimental spot exchanges provides weight to potential short-term pullbacks.

Till BTC is ready to assist $105,200, the rescue return may very well be met with new gross sales strain.

Brief-term outlook and technical forecasts

BTC have to be decisively broken past $105,200 and disable the bearish setup past trendline resistance. In any other case, the detrimental aspect objective will stay at $100,000 and $98,400 play. A breakdown under $98,000 might open the door to retesting demand zones between $95,700 and $96,300. If a breakout happens, the upward targets stay at $106,400 and $108,000.